Monday, April 5, 2021

Oil exports

Biden has stopped fracking on federal land. This represents 11% of all fracking in the United States. This will be about 900,000 barrels per day and will be made up by OPEC and Russia and thus will have little to no effect on CO2 emissions. It will reduce US exports by $54 million dollars per day or $20 billion dollars per year. It was done to show the world that the US is serious about climate change.

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