Expert: Biden Actions on American Oil, Gas Could Kill 1 Million Jobs

Frank Macchiarola, senior vice president of Policy, Economics and Regulatory Affairs at the American Petroleum Institute (API), said in an interview on SiriusXM’s Breitbart News Saturday with host Matt Boyle that if President Joe Biden puts a permanent ban on oil and gas development on federal waters and land, it could cost 1 million American jobs.

Boyle asked Macchiarola about the significance of Biden revoking the permit for the Keystone XL Pipeline and putting a 60-day pause on federal land leasing in his first days in office. .

energy and less reliance on foreign energy sources,” Macchiarola added.

“The full scale ban of development on federal lands you can bet the impact could be up to a million jobs in the United States,” he said.

“This shale revolution has unlocked resources that we never thought we’d be able to get to and that’s meant more jobs in the United States, lower energy costs and greater energy security,” Macchiarola said.

“That’s the difference between energy independence and energy security and reliance on foreign sources,” Macchiarola said.

Half of the energy produced in New Mexico comes from federal land and two thirds of the natural gas in the state comes from federal land

API produced a study last year that showed a federal land ban could cost up to 5 percent of all jobs in the state