An act of congress is responsible for some good news that’s bad news. The Biden administration is required to file a report through the Department of Energy, whose result verifies an opposing narrative. They couldn’t have liked it that much.
The report, mandated by Congress and finalized by the Department of Energy (DOE) in December 2022, estimated that the Keystone XL project would have created between 16,149 and 59,000 jobs during its construction and had a positive economic impact of between $3.4 billion and $9.6 billion.
This contradicts the original position of the Biden administration when Sleepy Joe whacked it on day one. “It concluded there were limited job impacts, with approximately 50 permanent jobs estimated to have been created were the pipeline operational.” They counted jobs to maintain it, not build it. They left out the economic benefits of construction. That is what the new report reveals. These are some big numbers, but small, in my opinion, compared to the larger picture.
Biden didn’t just put a stake in the heart of Keystone XL. He ran roughshod over fracking, new oil leases, and all fossil fuels. Something he promised to do during his campaign. End them in those words. They account for hundreds of thousands of jobs whose wages end up everywhere in the economy. The one the Bidenistas inherited was swarming with energy jobs. Oil, gas, natural gas, and propane were all more affordable and abundant. We were leading the world in exports and reduced costs domestically. The extra pocket change found its way into the economy, boosting wages for teenagers, people of color, women, and everyone.
Don’t get me wrong. Biden’s green economy delivers lots of economic prosperity … to China.
And it makes us increasingly dependent on our enemies for fossil fuels when the green dream becomes a nightmare.
And it will.
