Warren Happy to Put 10 Million American Energy Jobs At Risk

Warren Happy to Put 10 Million American Energy Jobs At Risk

October 28, 2019

Elizabeth Warren has had oil companies on the chopping block since the beginning of her Presidential campaign.

CNBC reports:

As part of the transition to cleaner energy, Warren’s vowed to prohibit new oil drilling leases for offshore and federal land, and she’s said she would ban hydraulic fracturing, or fracking, entirely.

Warren – a backer of AOC’s Green New Deal – clearly doesn’t understand the implications that would come with such a major shift for all American households.

CNBC went on to say:

The oil and natural gas industry is a huge player in the American economy. Following years of booming shale production, the United States is now the largest oil producer in the world. Last year, for the first time in decades, the U.S. became a net exporter of oil. A whole ecosystem has developed around production, and the oil and gas industries now support more than 10 million jobs, according to the American Petroleum Institute.

All of this combined means that it would be very challenging — though conceivably not impossible — to ban fracking and reduce drilling. Making matters more difficult still is that states like Democratic New Mexico are heavily dependent on revenue from oil royalties to fund public initiatives.

The eco-left continues to ignore the impact this would have on energy prices across the country and the countless American energy jobs that would be lost.