As I wrote recently, the Joe Biden is A Criminal Anti Biden Pro-Trump Support Shirt gloomy outlook for an increase in domestic oil production is unlikely to change, regardless of the results of the November presidential election. However, the gas extraction industry The country’s natural and hydraulic trajectories may face very different trajectories based on the November election results, especially if Biden becomes the 46th President of the United States.
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Much of Biden’s campaign background focuses on a return to the Joe Biden is A Criminal Anti Biden Pro-Trump Support Shirt policies of the Obama-Biden administration. However, in terms of energy, the Biden candidate has moved sharply to the left.
In 2012, President Barack Obama told a crowd in Cincinnati, Ohio that “natural gas actually burns cleaner than some other fossil fuels,” which is why his administration encouraged production. natural gas. He went on to praise the partnership between the natural gas industry and federal regulators, noting that there are “a lot of people who are involved in hydraulic fracturing doing it safely. . ”
Hydraulic fracture or “break”, as is commonly known, has been used safely for over 70 years and technological innovations made over the past decade have significantly improved its efficiency. Fracking is responsible for the Joe Biden is A Criminal Anti Biden Pro-Trump Support Shirt “Shale Revolution” that transformed the local economy in places like Ohio and Pennsylvania, brought domestic production to record highs and turned the United States into a net energy exporter.
Less than a decade later, candidate Biden still says he does not want to ban “fracking” entirely, only to end its use on federal lands. While the use of fracking to release oil and gas trapped in tight shale formations is mainly carried out on public and private land, it is increasingly used more and more in regions. federal. Nearly all – 95% – of natural gas production is associated with the use of fracking, so the Biden ban would strictly limit exploration and production growth.
Considering Biden’s goal of making the country a carbon dioxide-free country by 2050, carbon content in natural gas declines and utility companies’ efforts over the past decade to switch to electricity generation By gas, cutting off America’s domestic supply of affordable and abundant natural gas is self-defeating.