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“I Would Transition from the Oil Industry, Yes”

October 23, 2020 By Richard C. Young

Joe Biden speaks on November 11, 2016. Photo by USHUD.

At last night’s debate, Joe Biden spoke of destroying the oil industry.

Under his plan, high paying jobs across states like Pennsylvania, Texas, Ohio, and Oklahoma would disappear for good.

In The Federalist, Jordan Davidson explains this energy industry job killer.  President Trump was right on the mark and Americans know it.

Davidson writes (abridged):

Democratic Presidential Nominee Joe Biden admitted during Thursday night’s final presidential debate that he going to end the oil industry if elected president.

“Would you close down the oil industry?” President Donald Trump pressed just before their closing statements.

“I would transition from the oil industry, yes,” Biden replied.

When asked by debate moderator Kristen Welker to clarify his statement, Biden claimed that he wants to shut down the oil industry because it “pollutes significantly” and needs to be “replaced by renewable energy over time.”

“That’s a big statement,” Trump said, slamming Biden for his bold proclamation.

“That may be the biggest statement in terms of business,” Trump said.

“Basically what he is saying is he is going to destroy the oil industry.

Will you remember that Texas? Will you remember that Pennsylvania, Oklahoma, Ohio?”

Earlier in the debate, Biden lied about banning fracking, claiming that he has never opposed it.

“I do rule out banning fracking because we need other industries to get ultimately to complete zero omissions by 2025,” he said.

“Fracking on federal land I said. No fracking on federal land,” Biden continued, but his efforts to scrub his previous statements were made in vain.

Trump, however, fact-checked Biden on the debate stage over his comments

“Excuse me — he was against fracking.

Trump is correct.

Despite Biden’s claims, both he and his running mate Sen. Kamala Harris have expressed interest in banning fracking in the past.

OCTOBER 22, 2020 By Jordan Davidson

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Richard C. Young
Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
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