Biden plan for energy sector would make OPEC great again
OPEC, which met its match in Trump, sees Biden as a business booster
By Phil FlynnFOXBusiness
Biden's energy agenda could destroy 30,000 jobs in Wyoming: Sen. Barrasso
Sen. John Barrasso, R-Wyo., argues that the president is killing jobs across the country with his 'far-left radical approach' to energy and discusses former President Trump's impeachment trial and the COVID-19 vaccine distribution.
President Joe Biden has a plan to make OPEC great again by raising the price of oil and thwarting competition from U.S. and Canadian oil producers.
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USO UNITED STATES OIL FUND L.P. 38.19 +0.38 +1.00%
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On his first day in office, he made decisions that spread joy across the OPEC nations by revoking the permit for the Keystone Pipeline, which would help make Canadian oil less competitive on the global market allowing the cartel to maintain or even gain global oil market share. That eliminated at least 11,000 oil and gas jobs in the U.S. and Canada that should now be picked up by OPEC.
The administration also temporarily banned the issuance of new permits and leases for drilling and fracking on federal lands as reported by FOX Business. The U S. Chamber of Commerce warns that a ban on fracking would eliminate 19 million jobs between 2021-2025 while reducing U.S. Gross Domestic Product by $7.1 trillion over the same period.
https://www.foxbusiness.com/markets/biden-opec-great-again
