(UnitedVoice.com) – In his first week on the job, President Joe Biden signed more executive orders (EOs) than any other president in US history. His divisive actions could cost the American economy trillions of dollars and significant jobs to enact his progressive agenda. Perhaps most damaging and troublesome, the “Executive Order on Tackling the Climate Crisis at Home and Abroad” was signed on Wednesday, January 27.
On the campaign trail, Biden promised he would end fossil fuels and ban fracking. During the general election, he did an about-face and denied it in a debate with then-President Trump in October 2020. Now, he’s all-in on destroying the energy sector, hurting America’s economy and sacrificing national security.
Will he get away with it?
Not if most GOP lawmakers and industry stalwarts get their way.
Biden’s Policies Are Destructive to America’s Economy
For the first time since the 1950s, America is 100% energy independent. Prior to President Trump’s term, the country depended heavily on Middle East oil to meet energy demands. However, last week, Biden signaled his intent to put the US back in the Paris Climate Agreement. Additionally, Wednesday’s EO seeks to build on undoing America’s energy independence by “temporarily” banning “new permits and leases for drilling and fracking on federal lands.”
Last week, Biden pulled the permits for the Keystone XL pipeline. With the stroke of a pen, nearly 10,000 jobs were lost in a matter of seconds.
Some industry insiders predict Biden’s unilateral actions could cost America 100,000 to a million jobs.
Energy Impacts America’s Security
America’s energy and security go hand-in-hand. When the US doesn’t need anything from the global economy, it can dictate beneficial terms. However, when the nation depends on the Middle East and Russia, it hampers America’s foreign policy efforts.
As bad as that is, it gets worse. When America imports oil from the Middle East, OPEC can manipulate the oil market and set pricing. There’s nothing there to stop them gouging America resulting in higher priced gasoline and consumer products due to increased transportation costs and cost of goods.
Bureau of Land Management (BLM) Faces Suit Over Changes
Western Energy Alliance (WEA) represents 200 oil and natural gas companies. They are suing the BLM for its suspension of leases on federal property. In a petition filed in a Wyoming federal court on Wednesday, the group alleges that the president doesn’t have the “authority to ban leases on public lands.” The company argues the administration is violating the Mineral Leasing Act, the National Environmental Policy Act, and the Federals Lands Policy and Management Act.
WEA said Biden’s move “will cost tens of thousands and perhaps millions of jobs.”
Cheney Introduces Legislation
Rep. Liz Cheney (R-WY) introduced legislation on Thursday to block Biden’s EO unless Congress approves the action. Additionally, Sen. Cynthia Lummis (R-WY) is drafting legislation limiting the administration’s ability to block energy leases on federal property. She argued that Biden’s actions could require US households to pay $19 billion more for energy and destroy a million jobs by 2022.
Throughout the presidential campaign, Biden promised to be the moderate he claimed he was. Instead, it appears that he is beholden to the far left and the environmentalists that he believes helped elect him. With Democrats controlling the House and Senate for at least the next two years, the only recourse that the GOP, energy companies and the American people may have are the courts.
Stay tuned. This story is likely to evolve with court rulings in the coming days, weeks, and months.
Don Purdum, Independent Political Analyst
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