Frank Macchiarola, senior vice president of Policy, Economics, and Regulatory Affairs at the American Petroleum Institute (API), told Breitbart News and Matt Boyle that Joe Biden is about to throw 1 million workers out of their jobs as he works to eliminate America’s energy independence.
President Trump guided the energy industry and took the United States into the top energy producer in the world.
Along with the oil from Canada made us totally independent of OPEC. He has put the Keystone Pipeline out of business and that oil will now probably go to the Chinese. But far worse than that, Biden wants to end drilling on public lands.
Macchiarola says that alone could cost Americans one million jobs. Russia is rejoicing also because as the United States becomes dependent on foreign oil, they will have increased their market in Europe.
“I think the first four days of the Biden Administration have given a clear picture of what the next four years could look like. President Biden comes into office with a real economic headwind and a difficult labor market but at the same time he inherited an energy [landscape] that’s stronger because of America’s shale revolution.”
“We’ve produced lower household energy costs as a result of U.S. energy and less reliance on foreign energy sources.”
“The president has a choice to make: He can maintain U.S. leadership and maintain and support our economic recovery with American energy or he can pursue policies that destroy jobs and at the same time increase energy imports.”
“The first few days should concern all Americans because the administration is clearly taking actions that are going to harm the economy and cost Americans jobs.”
Macchiarola pointed out that in his inauguration speech, Biden said his top to goals was to strengthen ties with our allies except for Israel. And second he plans to grow the economy. What he is doing will accomplish neither but Biden has always been known for his lying. He says this move will cost about $2 billion a year in wages. With Biden in charge Americans do not stand a chance.
“This shale revolution has unlocked resources that we never thought we’d be able to get to and that’s meant more jobs in the United States, lower energy costs, and greater energy security,” Macchiarola said.
“For the first time in 2019 in 67 years [the U.S.] became a net exporter of energy rather than a net importer,” he noted. “That’s a huge deal. And abandoning federal leasing heads in a different direction.”