Bidenomics - Disasterous affect on Wyoming Economy

[central17]

Biden climate orders put Wyoming in crosshairs

President Biden’s executive order that stops the issuance of new permits and leases for oil and gas drilling and fracking on federal lands may hit Wyoming hard.

www.foxbusiness.com

A ban on new leases and permits would from 2021 through 2024 result in more than 18,000 jobs lost each year, or 72,000 total, according to a University of Wyoming study. There are about 291,700 people in Wyoming's workforce.

A ban would also eliminate $2.1 billion in tax revenue, $10.3 billion in gross domestic product and $4.7 billion in wages over that time, the study found.

 

[CaneBandit]

Horrible, if true.

 

[ellu]

Horrible, if true.

For clarity its not a University of Wyoming article, its by a Professor at the University. Some folks have difficulty processing how an individual's perspective isn't necessarily that of the institution.

This professor in the past has been criticized for his non-neutrality, a literal quote "
A new University of Wyoming professor has been criticized for being the energy industry's go-to academic for highlighting the positives, and not the negatives, of fossil fuel development.

Timothy Considine is a professor of economics at UW's School of Energy Resources. Before leaving Penn State University, he began researching a report paid for by an oil and gas group called the Marcellus Shale Coalition.

He finished the report while at the University of Wyoming."

The article is from Western Energy Alliance and the Petroleum Association of Wyoming in response to the report.

Western Energy Alliance group has a PAC - they are literal lobbyist. https://www.westernenergyalliance.org/pac.html

Petroleum Association of Wyoming's President Pete Obermueller has the distinction of being the top lobbyist https://trib.com/news/state-and-reg...cle_8848687b-e715-586c-b0be-db56e2af9e03.html

So is this a good thing for energy? Not likely, they lobbied the last administration for it and got reform that gave growth, only, issue I take is the mischaracterization of the source and the presumption of a non bias in the opinion.

Personally, I own property where natural gas has been found in Florida (Collier County) and I sit on a Board with Shell senior leadership, just clarifying the presentation of the info is all.

 

[CaneBandit]

For clarity its not a University of Wyoming article, its by a Professor at the University. Some folks have difficulty processing how an individual's perspective isn't necessarily that of the institution.

This professor in the past has been criticized for his non-neutrality, a literal quote "
A new University of Wyoming professor has been criticized for being the energy industry's go-to academic for highlighting the positives, and not the negatives, of fossil fuel development.

Timothy Considine is a professor of economics at UW's School of Energy Resources. Before leaving Penn State University, he began researching a report paid for by an oil and gas group called the Marcellus Shale Coalition.

He finished the report while at the University of Wyoming."

The article is from Western Energy Alliance and the Petroleum Association of Wyoming in response to the report.

Western Energy Alliance group has a PAC - they are literal lobbyist. https://www.westernenergyalliance.org/pac.html

Petroleum Association of Wyoming's President Pete Obermueller has the distinction of being the top lobbyist https://trib.com/news/state-and-reg...cle_8848687b-e715-586c-b0be-db56e2af9e03.html

So is this a good thing for energy? Not likely, they lobbied the last administration for it and got reform that gave growth, only, issue I take is the mischaracterization of the source and the presumption of a non bias in the opinion.

Personally, I own property where natural gas has been found in Florida (Collier County) and I sit on a Board with Shell senior leadership, just clarifying the presentation of the info is all.

Didn’t read it, hence the, “if true,” portion of my comment.