Oil industry criticizes Biden as a job killer, will lose millions of jobs

Joe Biden Biden broke down in tears when he mentioned death in a speech the day before he became president on Jan. 19.

Frank Macchiarola, senior vice president for policy, economics and regulatory affairs at the American Petroleum Institute (API), said the death of Joe Biden was the result of a tearful speech. Macchiarola (Frank Macchiarola) believes that Joe Biden is a job killer. Biden is a job killer because if he were to permanently ban oil and gas exploration on federal lands and waters, it would cost the United States a million jobs.

Matt Boyle, the host of Breitbart News, said that Biden is a job killer. Matt Boyle, interviewing McKillarola on Saturday (Jan. 23), asked him what were the important implications of Biden’s decision to revoke permits for the Keystone XL pipeline and suspend federal land leases for 60 days on his first day in office. What are the important implications of these decisions?

McKillough replied, “I think the first four days of the Biden Administration have been a clear indication of what the next four years will look like. President Biden took office creating a huge headwind for the economy and making it difficult for the labor market, even though at this point he inherited an energy industry made strong by the U.S. shale gas revolution.”

McKillora then said that because the U.S. has its own energy sources and is less dependent on foreign energy sources, we have lowered the cost of energy used by households.

McKillora then points out that Biden has two options, one is to maintain America’s energy leadership to keep and support America’s economic recovery, and the other is to pursue job-destroying policies while increasing energy imports.

According to McKillora, the policies Biden has introduced in his first few days should worry all Americans, as the Biden administration is clearly taking actions that are damaging the U.S. economy and hurting American jobs.

Breitbart News has already reported that the closure of the Keystone XL oil pipeline project will directly cost 11,000 jobs and up to 60,000 indirect jobs.

McKillora believes the job losses from Biden’s federal ban will be much higher.

He said, “It’s safe to say that the impact of a total development ban on federal lands could cost the United States as many as 1 million jobs.”

The decision to shut down the Keystone XL project will affect not only the U.S. economy, but also the relationship between the U.S. and Canada.

McKillora said the two main parts of the new administration’s priorities mentioned in Biden’s inauguration speech were, first, rebuilding the union and, second, strengthening the U.S. economy. But these decisions made by Biden are in the opposite direction of these two priorities.

In addition, McKillora believes that these decisions by Biden could also cost the United States $2 billion in lost wages.

Very importantly, McKillora said that Biden’s policies could jeopardize U.S. energy independence.

He said, “The shale gas revolution has unlocked resources we never thought possible, which means more jobs, lower energy costs and greater energy security in the United States.”

McKillora noted, “For the first Time in 67 years, the U.S. will be a net exporter of energy in 2019, not a net importer. That’s a huge deal. But giving up federal (land and water) leases would go in a different direction.”

By 2019, for example, 22 percent of the nation’s oil production and 12 percent of natural gas production will be on federal lands and waters.

Half of the energy produced in New Mexico comes from federal lands, and two-thirds of the state’s natural gas production also comes from federal lands.

A study conducted by the American Petroleum Institute (API) in 2020 indicated that the federal lands ban could result in a 5 percent reduction in all jobs in New Mexico.

McKillora said, “That’s the difference between energy independence and energy security and dependence on foreign sources.”

McKillora lamented, “(Biden’s) decisions sweep in, they are sweeping, and they really will negatively impact our economy and labor market at the worst possible time.”

“If (Biden’s) top priority is to bring jobs back to America and grow our economy, then they really need to reconsider these policies, especially the one regarding the ban on leasing oil and gas development industries on federal lands.”