SugarDaddy1
Literotica Guru
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- Dec 6, 2012
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SourceMansour, born and raised in metro Detroit, MI, warned how Biden’s proposals to ban fracking as part of a broader strategy to “decarbonize the economy” 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 state of Michigan.
Mansour said Biden’s proposal amounts to “basically eliminating an industry that accounts for about $1.3 trillion dollars worth of economic input into this country and an industry that accounts for about nearly seven or eight percent of our GDP. Joe Biden wants to sunset that industry.”
The fossil fuel industry supports 10.3 million jobs, produces $714 billion in labor income, and generates $1.3 trillion in economic output while accounting for 7.6 percent of U.S. GDP, according to the American Petroleum Institute, the oil and natural gas industry’s largest trade organization.