Eternal vigilance is the price of affordable energy.
Washington Times (12/15/20) reports: "President-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...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."
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"Instead of wasting millions of taxpayer dollars on frivolous lawsuits and forcing energy companies to do the same, our elected officials should look for ways to work with the private sector to encourage the advancement of innovative, new power generation technologies."
– Doug Gablinske,
The Providence Journal
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