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🚨🚨🚨 Joe Biden’s energy policies could have a devastating impact on Michigan that could potentially destroy 160,000 energy sector jobs, decimate the auto industry, impede manufacturing operations, increase home heating expenses, and create California-style rolling blackouts in the Great Lakes State. Biden’s proposal to eliminate fracking, “transition from the oil industry,” and achieve “zero emissions” by 2035 would adversely impact nearly every sector of Michigan’s economy, starting with the jobs directly related to the oil and gas industry. The oil and natural gas industry supports over 159,100 jobs in Michigan, according to a 2017 study conducted by PricewaterhouseCoopers (PwC) and commissioned by the American Petroleum Institute. “The supply chain for energy in this country exists in all 50 states,” Sen. Kevin Cramer (R-ND) told Breitbart News. “Michigan is a major equipment and infrastructure state in support of the energy industry.” Collectively Michigan’s energy sector generates over $8.2 billion in wages and contributes nearly $14.6 billion to the state’s economy. These jobs encompass everything from petroleum engineers and environmental experts to rig hands, truck drivers, caterers, and contractors. In fact, Michigan’s burgeoning natural gas industry has become a vitally important sector of the state’s economy. “Michigan is number one in the nation for natural gas storage capacity, with 1.1 trillion cubic feet of underground storage — over a tenth of overall U.S. capacity,” the Mackinac Center for Public Policy reports. Biden’s “transition” from natural gas could give Michigan California-style rolling blackouts at California prices. Banning or phasing out fracking would decimate natural gas production and increase energy costs for Michigan households. Nearly 75 percent of homes in Michigan are heated with natural gas, and the cold weather state is among the top five in the U.S. for natural gas usage. The “dispatchability” of natural gas – which allows it to be stockpiled in the summer and dispatched in the winter when it is needed – has kept the price of home heating stable even during cold months.
Wednesday, October 28, 2020
Biden’s energy policies could have a devastating impact on Michigan, potentially destroy 160,000 energy sector jobs, decimate the auto industry, impede manufacturing operations, increase home heating expenses, and create California-style rolling blackouts
at 12:05 PM