Oh, no…there are fires. And the summer heat is hot. That must mean that the climate agenda needs to take top priority.
The liberals have been claiming that climate change is real – and that we must do something about it immediately. They cite hot temperatures and countless natural disasters as proof that we must act or risk dying because of the earth’s natural habitat.
The climate on earth has been a constant evolution. For thousands of years, we’ve faced natural disasters. Yet, somehow with recycling, methane emissions restrictions, and regulations on the oil and gas industry, we’re going to solve all of those issues.
How is it that we’re going to stop hurricanes from blowing through the southeast and fires from igniting in the pacific northwest? Well, the liberals aren’t too sure, but if they can launch the climate agenda and spend trillions, it’s sure to happen.
The problem isn’t just the money that the Biden administration wants to spend on the climate agenda. It’s also about how their agenda is going to cripple the workforce.
Reducing greenhouse gas emissions has been an important part of the liberals’ agenda. What they haven’t stopped to think about is how that will impact the oil and gas industry.
Small energy companies, particularly, will suffer a costly expense on their businesses.
Can we talk about this? Can Congress discuss a bipartisan solution?
Nope. President Biden grabbed his pen and signed an executive order back in January that would direct the EPA to revise emissions regulations. The goal was to ensure that greenhouse gas emissions were cut by 50 percent by the end of 2030.
Within the plan, methane emissions produced by the oil and gas industry were prioritized.
At the end of June, Congress voted to restore the methane emission standards that date back to the Obama administration.
Congress is fine with threatening small businesses and potentially causing countless workers in the oil and gas industry to lose their jobs.
Karr Ingham, a petroleum economist as well as the executive VP of Texas Alliance of Energy producers explained that the rules under the Trump administration were sensible. He goes on to explain that “It’s conceivable that the return to the Obama-era methane rule, or the implementation of new regulations, will be so burdensome they’ll put a lot of these smaller guys out of business.”
Smaller oil and gas wells were exempt from many of the methane emissions regulations under the Trump administration. The goal was to focus on the larger operations.
Returning to the old standards will put too much of a burden on the smaller operations. Emissions controls may appear to be cost-effective. However, that’s only because of the larger operations that many of the companies have going on. It’s hardly cost-effective for the smaller companies that have lower-producing wells.
Many of the owners of small businesses within the oil and gas industry have concerns that are warranted. The added expense to be compliant is going to impact the economic viability of some of the smaller and lower-producing wells.
Since 2015, over 500 oil and gas businesses have had to shutter their operations due to bankruptcy. It’s expected that hundreds more will head in the same direction because Congress is more concerned about handling Mother Nature than protecting hard-working American jobs.
What happens when we only have conglomerates that can afford to regulate the methane emissions? Prices will soar, and liberals will stand there scratching their heads, wondering why millions of Americans are screaming about the cost of their electric bills and their fill-ups at gas tanks.
The Biden administration, with the help of a Democratic-led Congress, has just made it possible for conglomerates to win. Meanwhile, they’ve squashed out the fire of countless small businesses. And when unemployment in the industry surges, Congress will have to see just what they did.
They’re not fixing the climate. They’re ruining the workforce.