Biden☭ Cancels 80 Million Acre Oil Lease Sale, Putting Louisiana Oil and Gas Industry in Danger

We can now see how elections have consequences. President Trump brought unprecedented prosperity to the American worker, due to his pro-industry policies. Unfortunately most of America’s union leaders endorsed Joe Biden. This is the result. One of many. Shame on them. Expect your energy costs to skyrocket during the Biden Administration.

Putin was right about Biden – killer.

The tyranny of scarcity – its the foundation of most oppressive regimes in the world.

Biden Cancels 80 Million Acre Oil Lease Sale, Putting Louisiana Oil and Gas Industry in Danger

By Western Journal, March 18, 2021

The devastating fallout of the Biden administration’s job-killing rampage continues after he canceled the sale of 80 million acres of Gulf of Mexico oil leases that was scheduled for Wednesday in New Orleans, KLFY-TV in Lafayette, Louisiana, reported Monday.

“It would kill our state. It would kill workers,” Mike Moncla, president of the Louisiana Oil and Gas Association, said of the Biden administration’s move. “It would kill jobs, and it would be a terrible thing.”

According to the Moncla and the association, nearly 250,000 Louisiana residents work in the oil and gas industry, and 98,000 of them have offshore jobs.

President Joe Biden banned all new oil and gas leases on public land and waters for 60 days in an executive order on Jan. 20, the day he took office.

He also canceled the Keystone XL Pipeline project, resulting in the loss of as many as 11,000 energy jobs.

This is all part of a sweeping initiative to make climate change the focal point of Biden’s foreign policy and national security programs.

Financial experts say all this does is hurt the U.S. economy, eliminate countless jobs and set the stage for increased energy costs for all Americans, including sky-high gas prices.

Americans should expect the job massacre to continue as Biden continues to swing the ax through the oil and gas industry.

“Right now I think we’re still pretty much in the holding pattern,” Moncla told KLFY. “It was a 60-day ban, and he was going [to] relook at it.”

But Biden is not expected to ease his “green energy” restrictions, which means the 60-day ban will likely be extended.

Moncla said he hoped Democratic Gov. John Bel Edwards’ efforts to persuade the president to reverse course will be successful.

 

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