Biden’s Executive Orders Continue to Hurt the Energy Sector

Biden’s Executive Orders Continue to Hurt the Energy Sector

January 29, 2021

If there was ever any doubt, there isn’t now – President Biden plans on achieving his eco-left agenda through executive orders. After only nine days in office, Biden has now signed a record 40 executive orders, actions, and presidential memorandums.

These executive actions have largely been focused on the energy sector, ranging from canceling the Keystone XL pipeline permit to an extended, full-year suspension of new oil and gas leasing on federal lands. Stacey Morris, Director of Research for midstream index and data provider Alerian, discussed the recent executive order with Forbes:

In the long run, she said that a ban on drilling on federal land could lead to more imports. In that case we could end up using oil that is produced with more associated carbon emissions than if it had been produced in the U.S.

So, not only are these orders costing thousands of American jobs and hundreds of millions of dollars in revenue, but they are even counterproductive to the eco-left’s primary agenda. There is no denying it: these executive actions are bad for everyone involved. If President Biden allowed debate on these issues, or even votes in Congress, he may learn the dangers of crippling one of our largest industries. Until then, his orders will continue to hurt significantly more people than they help.