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Joe Biden Just Got Served A Major Lawsuit – It Claims Joe’s Executive Order To Halt Drilling Would Cost America $33.5B

 

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Joe Biden Just Got Served A Major Lawsuit – It Claims Joe’s Executive Order To Halt Drilling Would Cost America $33.5B
 

President Joe Biden signed a boatload of executive orders in his first week in office, more than any other President in history according to reports.

But some of those orders haven’t gone over well with right-wing politicians and the general public. And one executive mandate is potentially so problematic that POTUS is facing is first big problem:

The Western Energy Alliance just hit Biden with a serious lawsuit.

 

It’s in response to the President’s controversial order that halted drilling leases on federal land. This move has come under heavy scrutiny due in part to the significant loss of jobs.

But beyond that, the Alliance claims Biden’s order will put a severe hurt on the country’s Gross Domestic Product (GDP).

Furthermore, the lawsuit alleges that the order actually goes against existing law, which will probably be a primary point if the case makes it to court.

From Breitbart:

 

The Alliance said the order conflicts with existing law and would result in a loss of $33.5 billion in lost Gross Domestic Product (GDP) across eight western states over the course of Biden’s first term.

It noted that the majority of companies it represents are small businesses with an average of 14 employees.

 

So, not only could we lose a whopping $33.5B across 8 states, but it appears we’re also damaging many small businesses.

In a lot of ways, this feels like it will hurt America more than it’ll help it. Then there’s the issue of whether or not Biden overstepped his authority, which many have already questioned.

 The suit alleges more violations as well; according to the press release:

 

 The complaint challenges Biden’s order as exceeding presidential authority and constituting a violation of the Mineral Leasing Act, National Environmental Policy Act, and the Federal Lands Policy and Management Act.

 

President of the Alliance, Kathleen Sgamma, said “the law is clear” and “Presidents don’t have the authority to ban leasing on public land.

The lawsuit adds that Biden’s ban “puts national parks at risk,” and the President is also “risking the $8.8 billion conservation revenue streams that otherwise are available from a stable federal oil and natural gas program.”

In the end, we’re talking about a grand total of 58,700 jobs, and wages would drop by $15 billion (according to a recent economic study from the Wyoming Energy Authority.

And if we look down the road, it’s possible that in the next 20 years, we might see the following staggering numbers:

 

 If extended, over the next 20 years the Biden Ban would result in $639.6 billion in lost GDP, $286 billion in lost wages, $151 billion in lost state tax revenue, and job losses climbing to 343,088 annually. 

 

 Key Takeaways:

  • President Joe Biden faces a big lawsuit. It’s a result of his order to ban drilling on federal lands.
  • The Western Energy Alliance claims the order could hit the GDP hard: a loss of $33.5B across 8 states.
  • If extended, the rule could affect 58,700 jobs, and cause the GDP loss to increase to $639.6B over 20 years.

 

 Source: Breitbart &  Washington News

 

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