The Numbers Joe Biden Doesn’t Want You to Hear About a Fracking Ban
Rep. Jeff Duncan (SC-03)
Energy Innovation Agenda: Clean Energy Infrastructure
Bill: H.R. 751, Protecting American Energy Production Act
On average, it would increase household energy costs by $618 per year.
The Biden Administration has wasted no time undermining American energy production. During his first weeks in office, President Biden revoked the Keystone XL permit, halted all new oil and gas leases, and has repeatedly voiced his intention to eliminate fossil fuels in the U.S.
President Biden has made his goal to entirely transition away from fossil fuels in the United States abundantly clear. To prevent this, I have introduced H.R. 751, The Protecting American Production Act. This bill is straightforward: it prohibits the President from declaring a moratorium on the use of hydraulic fracturing, also known as fracking, unless Congress authorizes the moratorium. The bill also expresses the sense of Congress that states should maintain primacy for the regulation of fracking for oil and cleaner natural gas production on state and private lands.
In signing executive orders that prohibit the issuance of new oil and gas leases on federal lands, President Biden is signaling he will use any means necessary to eliminate fossil fuel production in the U.S. Instead of prioritizing American jobs and reliable energy, Biden would rather appease the far radical environmental left whose logic is backwards. They would rather make us weaker and reliant on energy from foreign adversaries, with negligent environmental standards, while simultaneously driving up the cost of energy for consumers.
As a result of work done by the Trump Administration and innovation in the private sector, the United States is the number one oil and gas producer in the world. President Biden is doing everything in his executive power to reverse course. Currently, 95 percent of new oil and natural gas wells are developed with hydraulic fracturing. A ban on fracking would effectively end U.S. leadership in energy production.
In addition to the obvious national security implications, banning fracking would have devastating economic impacts. According to a recent study, placing a moratorium on fracking would mean a $900 billion dollar increase in U.S. household energy costs, $7.1 trillion in potential losses to the U.S. economy through 2030, and more than 7 million fewer U.S. jobs by 2022.
On average, a fracking ban will increase household energy costs by $618 per year. This increase would include higher cost for gasoline, residential natural gas for heating, electricity and heating oil. This very tangible cost increase for Americans would hurt heavy energy industries, small businesses, and those economically hurt by COVID-19 the most.
Most aspects of American’s lives are touched by energy produced from oil and gas — roads and bridges, PPE, medicines, and many other things we rely on in our everyday lives.
Many of my constituents are concerned about the potential cost increases of a fracking ban.
I spoke with one of my constituents, Jeff Roberts, regarding the Biden Administration’s energy agenda and how it has a direct impact on his family’s company. Mr. Roberts is a third-generation builder and president of A.B. Roberts Construction Company in Anderson, South Carolina. When asked about how the energy costs impact the construction business, he said:
“Energy costs affect every aspect of the building industry and cannot simply be passed through to our customers. At some point, it becomes unaffordable for everyone. We are blessed with domestic energy resources that are not only affordable and reliable but also abundant for years to come. Except for petroleum fuels, there are currently no alternative fuel sources to power heavy trucks, construction equipment, trains or planes. So far, the search for reliable and affordable ‘clean green’ energy has been elusive. However, we can do both at the same time: continue to use our own domestically produced fuels while continuing to develop sources of clean energy that can reliably and affordably do the same tasks. Until that day comes, we need to continue to use Made-in-USA oil and gas.”
Mr. Roberts speaks for so many of my constituents and folks all across the country. While radical ideas, like a fracking ban, may seem attractive, the actual implementation of them will have direct impacts on everyday Americans and the businesses they have fought so hard to build and maintain throughout this pandemic.
As we seek to recover from the economic devastation of the COVID-19 pandemic, it is imperative we prioritize protecting American jobs and security. By prohibiting the President from banning fracking, we in turn safeguard our energy production, national security, and the livelihoods of thousands of Americans.
If President Biden wants to back up his “Buy America” rhetoric, let’s start with buying American Energy and protecting American jobs and industry.
Get the latest from Rep. Duncan here.