American Energy Independence at Risk With Biden Orders, Experts Say
Members of U.S. Energy’s Executive Leadership recently contributed to an article on how the Biden Administration’s climate change agenda impacts US oil production and the economy.
You can read the full article on The Epoch Times.
Executives at the U.S. Energy Development Corporation (USEDC) told The Epoch Times the recent executive actions will impact the long-term future of energy production more so than the short term. USEDC is an oil and natural gas driller and producer that, according to its website, “has invested in, operated and/or drilled more than 2,400 wells in 13 states and Canada and has deployed more than $1.5 billion on behalf of our partners” over the past 40 years.The Epoch Times
Chief Executive Officer
Jordan Jayson, Chief Executive Officer, U.S. Energy Development Corporation:
“Because there are existing permits in place, the impact will not be felt immediately, and energy independence will remain short-term,” Jordan Jayson, CEO of USEDC, told The Epoch Times via email. “However, long-term, these decision will ultimately force U.S. production to decline over the next several years and cause a greater dependence on foreign oil in the future.”
Executive Vice President
Matthew Iak, Executive Vice President, U.S. Energy Development Corporation:
The company’s executive vice president, Matthew Iak, said it’s clear that the administration’s executive orders “were intended to make a statement and to keep their campaign promises to move away from long-term reliance on fossil fuels.” He said the pipeline decision is an indicator that the administration “will create a difficult regulatory environment for fossil fuels in the U.S.”
“This was done in part to appease its base, and not necessarily because it makes sense or what’s best for the environment,” Iak told The Epoch Times via email.
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