Kathleen Sgamma, president of the Western Energy Alliance, explains on Fox Business that API estimates that over ten million people in the U.S. derive their income from the oil and natural gas industry, and Joe Biden’s most recent executive order would immediately kill as many as 58 thousand jobs.
Sgamma says that over 70% of the energy used in the United States comes from oil and natural gas, therefore since the need for the energy will still exist, then it means that such energy will now need to be imported from foreign sources that is often not extracted in a manner that is particularly environmentally friendly.
It is also explained that revenue that was generated from the previous domestic extraction of such resources was shared with their states to help fund public projects such as schools, and it is estimated that Biden’s agendas will kill $8 billion in state revenues annually.