A new projection found that Joe Biden could kill 1 Million jobs by 2022.
Joe Biden will end 1 million American jobs by 2022. Absolutely devastating. https://t.co/8pzQIAfhEm
— Abigail Marone (@abigailmarone) January 27, 2021
The organization projects a $700 billion hit to U.S. gross domestic product should the ban be extended through 2030. Such action would also erase $9 billion of revenue, some of which is used to fund education and conservation programs.
API projects 1 million job losses would occur by 2022 with the states of Texas, Wyoming and New Mexico seeing the biggest impact. The U.S. oil and gas industry supports 10.3 million jobs, with workers making an average salary of $101,181, according to a 2015 study from PricewaterhouseCoopers and the American Petroleum Institute.
The Biden administration says job losses that occur in the oil and gas industry will be made up by those created in renewable energy. However, those jobs require a different type of skill set.
I wouldn’t be shocked if it turned out to be more.
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