The left has decided that they hate the fossil fuel industry.
This means that all the Democrats running in 2020 are trying to outdo each other on how radically they will go after the businesses which provide energy.
They don’t seem to care that this is an industry which employs millions of Americans.
Check out this tweet from Elizabeth Warren:
On my first day as president, I will sign an executive order that puts a total moratorium on all new fossil fuel leases for drilling offshore and on public lands. And I will ban fracking—everywhere.
— Elizabeth Warren (@ewarren) September 6, 2019
That sounds like a really bad idea.
Check out this report from the Heartland Institute in 2018:
RESEARCH & COMMENTARY: FRACKING HAS TURNED UNITED STATES INTO WORLD’S LEADING OIL PRODUCER
A 2015 Harvard Business School/Boston Consulting Group study estimates fracking supported 2.7 million jobs in 2014, with the potential to grow to 3.8 million jobs by 2030. Similarly, PricewaterhouseCoopers (PwC) prepared a report for the American Petroleum Institute that estimates the oil and natural gas industries supported 10.3 million jobs in 2015, an increase of about 500,00 compared to 2011.
The RAND Corporation projects the industries will support an additional 1.9 million jobs by 2035. By the same year, a 2012 IHS Markit study estimates fracking will have created 3.5 million jobs.
A 2016 Chamber of Commerce study projects that if the fracking revolution of the previous decade had not occurred, 4.3 million jobs would not have been created, the U.S. economy would be $500 billion smaller and residential natural gas prices would be 28 percent higher.
Here are some responses to Warren:
Gas prices will be 17$ a gallon. I hope you’re planning to invest trillions in public transportation since nobody will be able to afford cars. Im sure that didn’t cross your mind and thats why you’re not fit to be president.
— Julia Song (@realjuliasong) September 6, 2019
Back to dependency on foreign oil. Nice thinking.
— Jamie Smith (@292jms) September 7, 2019
TRANSLATION: On day one I will take executive action that impacts millions of jobs and raises the cost of gas, heating oil, and manufactured goods directly impacting all Americans. Especially the poorest in this country.
— DallenH ⭐️ ⭐️ ⭐️ (@d_allen_h) September 6, 2019
And we're going to heat our homes and drive our cars on Fairy Dust.
— marnes (@marnes) September 6, 2019
She doesn’t seem to care, does she?