Fox Business White House correspondent Edward Lawrence told Psaki during last Friday's White House press briefing that he had reached out to the president and CEO of the American Petroleum Institute (API) about the 9,000 unused lease permits.
Lawrence noted that the group "says that a lot of policies that have been put in place by this administration, including a ban on new development of federal lands and federal waters," are "really hindering American energy development during a critical time."In 2020, the API predicted that a ban on fracking and new oil leases would reduce GDP by $7.1 trillion by 2030, cost the economy 7.5 million jobs by 2022 and cause an average household income decline of $5,040. While energy consumption would decline by 12%, energy costs will purportedly increase by 14%, they predicted.
Fox Business White House correspondent Edward Lawrence told Psaki during last Friday's White House press briefing that he had reached out to the president and CEO of the American Petroleum Institute (API) about the 9,000 unused lease permits.
Lawrence noted that the group "says that a lot of policies that have been put in place by this administration, including a ban on new development of federal lands and federal waters," are "really hindering American energy development during a critical time."In 2020, the API predicted that a ban on fracking and new oil leases would reduce GDP by $7.1 trillion by 2030, cost the economy 7.5 million jobs by 2022 and cause an average household income decline of $5,040. While energy consumption would decline by 12%, energy costs will purportedly increase by 14%, they predicted.
(post is archived)