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Joe Biden’s Fracking Ban Will Devastate Western States, Study Warns

by Valerie Richardson
December 17, 2020, 12:52 PM
in News and Opinion
Reading Time: 4 mins read
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fracking oil rigsPresident-elect Joseph R. Biden pledged during the campaign to eliminate oil-and-gas permitting on federal lands in the name of combating climate change, but if he does, the impact would be “devastating,” Wyoming Gov. Mark Gordon warned Tuesday.

A University of Wyoming study found that such a ban would result in $670 billion in lost GDP among eight Western states by 2040 and wipe out more than 72,000 jobs annually over the next four years, with no guarantee of reduced global emissions.

The study, conducted for the Wyoming Energy Authority, examined the economic hit of a ban on drilling as well as a ban on leasing.

Mr. Biden has said he will prohibit “new oil and gas permitting on public lands and waters,” although he has not said how.

Whether he bans leasing or drilling on public lands — the federal government owns nearly half of the land in the 11 continental Western states — Mr. Gordon said that “the economic predictions are devastating, to be blunt, to Wyoming.”

“These funds fund our schools, fund the important work we do for wildlife, mitigation corridors, the work we’ve done to do a better job on drilling, really advance all of our production efforts and technologies,” the Republican governor said during a virtual press conference.

The report comes with Mr. Biden under pressure from the environmental left to make good on his promise to prioritize emissions reductions after four years of the Trump administration’s fossil fuel-friendly policies, which saw the nation achieve net energy independence for the first time since 1957.

The U.S. also continued to lead the world in lowering greenhouse gases — the Environmental Protection Agency reported last month that U.S. emissions from large facilities fell by nearly 5% from 2018-19 — but Mr. Biden has vowed to achieve a much more ambitious goal of net-zero emissions by 2050.

Glen Murrell, executive director of the Wyoming Energy Authority, warned that slashing oil-and-gas production on federal lands would not necessarily result in lower levels of atmospheric carbon dioxide.

“Policy has both intent and consequence, and the intention of this prospective policy is at least in part to reduce emissions by some significant level, and obviously the economic impact is the consequence,” said Mr. Murrell.

The problem is lower U.S. production is likely to be offset by higher production in other oil-producing countries such as Mexico, Canada, and Saudi Arabia.

“It’s hard for me to understand how the intent will be delivered on because oil and gas, particularly oil, is possibly the most globalized commodity the planet has ever seen,” Mr. Murrell said. “By reducing production from federal lands, you don’t reduce consumption, and consequently, you don’t reduce emissions.”

He said that “what we’re left with is a rather inefficient policy which has very, very high economic impacts, certainly in some locations like Wyoming, but a very low return with respect to its intent.”

The study, “The Fiscal and Economic Impacts of Federal Onshore Leasing and Drilling Bans,” conducted by Timothy Considine, professor of energy economics, also warned that OPEC would be the beneficiary of such a policy.

“The United States is now the largest oil and gas producer in the world, deterring OPEC from cutting production to increase prices,” said the 66-page report.

“Halting oil and gas development on federal lands reduces an important source of incremental supply to world markets, thus increasing OPEC’s market power and ultimately transferring income from consumers to foreign oil producers.”

The Washington Times has reached out to the Biden transition team for comment.

Kathleen Sgamma, president of the Western Energy Alliance, said she hoped the study would convince Mr. Biden “not to inflict economic pain on Westerners,” and warned that if he does enact a ban, her organization “will be in court within hours.”

The eight states examined were Wyoming, New Mexico, Colorado, Utah, Montana, North Dakota, California, and Alaska, which account for about 97% of oil-and-gas development on federal lands.

Mr. Biden walked an energy-and-environment tightrope during the campaign, irking environmentalists by insisting he would not ban hydraulic fracturing, which has fueled an energy boom in the must-win state of Pennsylvania.

Instead, he said he would stop federal permitting on federal lands, which puts the impact almost entirely on Western states, most of which vote Republican.

“He needed to win Pennsylvania, so he couldn’t ban fracking nationwide, like his party’s left flank wants, so he did the next best thing on the areas he can control more,” Ms. Sgamma said.

“So he doesn’t think he’s going to pay a political price from the Western states because most of them are red states, and he’s willing to go after federal lands, but the fact is he would be sacrificing hundreds of thousands of jobs.”

Mr. Biden has said that his energy and climate plan would create 10 million clean-energy jobs by deploying the “largest investment in history in American innovation — including research and innovation to unlock and deploy new zero-carbon technologies for the future.”

At the same time, Mr. Gordon said that renewable-energy jobs are often in construction, which means “short-term jobs,” as opposed to “the longer-term jobs that we see in sectors like oil and gas and also in coal.”

Read rest at Washington Times

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Comments 6

  1. Spurwing Plover says:
    4 years ago

    Yes and the M.S. Media are always supporting the democrats and the New York Pravda(Times)is the worst of them all followed by CNN

  2. Dave O says:
    4 years ago

    A Democratic leader devastating a swath of our economy — that is their modus operandi. Just look at every Democratic governor and what those dictators did to their states.

  3. Barry Bateman says:
    4 years ago

    “Environmentalists” that don’t understand the essential role of CO2 in life are not worthy of the name. Photosynthesis converts sunlight, CO2 and water into the metabolic energy of life and the oxygen we breathe. All life dies without photosynthesis and its ingredients, CO2 and water. Every bit of energy for the metabolism of life on earth comes from it. Every molecule of the oxygen we breathe comes from it. The “green” in the environment is chlorophyll, the photosyntetic enzyme. And CO2 has been declining naturally to near lethal lows today from levels ten to twenty times today’s at the beginning of multicellular life. MORE CO2 IS ALWAYS BETTER. We haven’t had this much CO2 for twelve million years. Life and agriculture are blooming. Yet climate remains exactly within our ongoing Pleistocene/Holocene ice age natural temperature range. Well within our twelve thousand year Holocene natural interglacial range. And well within our one thousand year natural Eddy cycle which has had us warming naturally since the 1600s. Will keep us naturally warming another two degrees C until it turns back downwards to complete the Eddy cycle. Why would we triple our energy costs because climate deranged politicians have assumed that the co-incidental rise of CO2 and temperature since the mid-twentieth century is anything more than co-incidence? The evidence shows it isn’t. Until politicians begin to understand the basics of energy, CO2 and climate, they will continue to threaten the best fed, longest living, most prosperous conditions people have ever had. It’s as if politicians have turned into the new Luddites – smashing the technology that has given us the energy that has created our success.

  4. Spurwing Plover says:
    4 years ago

    The Liberal Democrats and their Partners in Crime the M.S. Media never allow the facts to get in their way of ruining America as World Power

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