Energy companies already have the permits approved to drill/frack. he might be banning fracking NOW by not approving permits, but the energy companies have enough permits approved to frack for the next 50 years.
It stops nothing.
Oh, and Alberta/Canada is suing the US for the pipeline. So expect Biden to walk that back. He just wants the headlines to try to improve his already INCREDIBLY low approval (he's low 30's)
Even more good news - existing contracts will have to be honored, full-stop. US Government contracts are usually per-project or per-period, and the latter can go anywhere from six months to 10 years or more. Betting the Keystone XL contracts are at least 1-2 years renewable, easily.
Put this way: If the Asterisk-In-Chief tries to put a halt to the pipeline before all of the contracts reach break-points, he puts the US Government in Breach Of Contract; the GSA will have to pay not only the original contracted costs, but likely additional penalties and legal fees as well.
BTW, same goes for the wall. He can stop new work, but he cannot stop existing work. Even the US Government can't just screw over companies like that - at least not without making said companies and their lawyers very rich.
If you thought the Brown Clown cratered the economy... hold onto your hats. Sniffy and the Hoe plan to put it on life support. The communist Left truly has no place in America. NONE AT ALL!
Glad you got a grin out of that! grins are thin on the ground at the moment. We smile and fire another salvo or 10 from the Meme Cannons. KTF (Keep The Faith)
An inept demented old fool that needed an occupying army to install him into power after he cheated an election is exactly what you'd expect the last president of the United States to look like.
I can't see a scenario where we don't have stagflation. Anyone familiar with the modified Phillip's curve knows the wage setting will directly affect unemployment. So, wage hikes will drive up input prices and unemployment. Manufacturing will start to offshore again due to the increase in corporate taxes also leading to losses of jobs. Just basic economics. Everything will benefit China since Joe is a China plant.
I got a email from the RNC this morning telling me that the keystone pipeline has been canceled which will destroy thousands of jobs, Biden hasn't even been the president for 24 hours and he's already taking jobs away from the American people.
30,000 jobs in Colorado alone that are tossed to the wind and that's just the guys/gals on the rigs. The truckers, support crews and maintenance crews are all going to lose their jobs. Helluva way to get started.
I used to build natural gas turbines. It may be a good time to drill for natural gas and form communities to purchase small to medium units. Make ourselves dependent to no one.
Fucking politicians man. This is why trump was such a treasure. Campaign trump says he’ll build a wall. Later in the campaign he’s getting lambasted for it and he stands by it. Day one trump: let’s see about that wall.
This is actually 110% Trudeaus fault, he bought out the pipe on the Canadian side of the border and then never began construction on it, he just wanted to wait out until someone in the US would cancel it so he himself wouldn't be blamed for it being cancelled, he is a snake.
Energy companies already have the permits approved to drill/frack. he might be banning fracking NOW by not approving permits, but the energy companies have enough permits approved to frack for the next 50 years.
It stops nothing.
Oh, and Alberta/Canada is suing the US for the pipeline. So expect Biden to walk that back. He just wants the headlines to try to improve his already INCREDIBLY low approval (he's low 30's)
oooh excellent news. Thanks fren. I really don't want my home heating bills to go up (NG) or my car gas.
It'll be like in Canada 2x the price if the US.
Even more good news - existing contracts will have to be honored, full-stop. US Government contracts are usually per-project or per-period, and the latter can go anywhere from six months to 10 years or more. Betting the Keystone XL contracts are at least 1-2 years renewable, easily.
Put this way: If the Asterisk-In-Chief tries to put a halt to the pipeline before all of the contracts reach break-points, he puts the US Government in Breach Of Contract; the GSA will have to pay not only the original contracted costs, but likely additional penalties and legal fees as well.
BTW, same goes for the wall. He can stop new work, but he cannot stop existing work. Even the US Government can't just screw over companies like that - at least not without making said companies and their lawyers very rich.
I expect Biden would rather foot us with the bill for compensation to the contractors than allow the existing contracts to be completed.
I can't argue that, but it's not as cut-and-dried. I believe GSA would have to approve such a thing?
No idea. Hope so.
You are god damn right we are.
Based Canuck
Low 30's? How is it possible the most popular president ever, the man to get more votes ever, has an approval rating in the low 30's? Hmm...
Don't underestimate the left and their extensive lawfare expertise.
If you thought the Brown Clown cratered the economy... hold onto your hats. Sniffy and the Hoe plan to put it on life support. The communist Left truly has no place in America. NONE AT ALL!
Sniffy and the ho?
HAhahahahahahaha.
Glad you got a grin out of that! grins are thin on the ground at the moment. We smile and fire another salvo or 10 from the Meme Cannons. KTF (Keep The Faith)
The faster this happens the better. The economy will tank and inflation will go through the roof. I give it 18 months.
An inept demented old fool that needed an occupying army to install him into power after he cheated an election is exactly what you'd expect the last president of the United States to look like.
And then people will be finally uncomfortable enough.
Yea, unless the left and right unites against the corruption nothing will change.
I can't see a scenario where we don't have stagflation. Anyone familiar with the modified Phillip's curve knows the wage setting will directly affect unemployment. So, wage hikes will drive up input prices and unemployment. Manufacturing will start to offshore again due to the increase in corporate taxes also leading to losses of jobs. Just basic economics. Everything will benefit China since Joe is a China plant.
Make sure you have your money in hard assets. That way you can get through the hats times.
I gave a lot of money to some hard asses. They're earning it back plus some.
Why is this good? Better to happen quickly you mean?
Yea if it happens fast we can finally get more people to wake up. That will not happen if it happens slowly.
I got a email from the RNC this morning telling me that the keystone pipeline has been canceled which will destroy thousands of jobs, Biden hasn't even been the president for 24 hours and he's already taking jobs away from the American people.
Tell them to suck a dick if they need more $.
Ask them why they allowed it to happen
Worked for Harris
We're going to be in a recession by the end of the year. And we'll be in a depression for the next 3 following that, at minimum.
I hope destitution is a comfort to all of you peace lovers.
Peace lovers? Biden will definitely start wars. They’ll be destitute AND they’ll be fighting Biden’s wars.
And the EOTP media and the illegitimate democrat pols and the useful idiot NPC retards will all blame Trump for it.
30,000 jobs in Colorado alone that are tossed to the wind and that's just the guys/gals on the rigs. The truckers, support crews and maintenance crews are all going to lose their jobs. Helluva way to get started.
Biden's America...
8,000 people died of covid too. He's a murdering communist
Time for every state to succeed from the foreign Establishment known as DC. Let Joe be the President of nothing.
JOB KILLER JOE!
Remember Harris desperately trying to insist they wouldn't ban Fracking? Good times.
There is nobody to blame but the riggers.
True. Actual living Biden voters can’t be blamed. There’s only like 12 of them
Similar to the extreme COVID lockdowns, the environmentalist agenda is ideological and not scientific.
I mean check this out. Even if economists get together and assume the climate science is good, they find out that global warming is low on the list of world problems and that trying to ban carbon is a crap solution https://www.copenhagenconsensus.com/copenhagen-consensus-climate/results
I used to build natural gas turbines. It may be a good time to drill for natural gas and form communities to purchase small to medium units. Make ourselves dependent to no one.
The cancelation of the Keystone Pipeline project is $1,600,000 in lost union contracts.
I don't feel terrible for the Biden voting union members, because they voted for Biden.
But his is a huge defeat to the American economy because they would have spent there wages on (hopefully) American products and people!
Fuck you Unions!
'#BidenRegime
Campaign Biden: I will ban fracking
Later campaign Biden: I didn’t say that
Day one Biden: bans fracking
Fucking politicians man. This is why trump was such a treasure. Campaign trump says he’ll build a wall. Later in the campaign he’s getting lambasted for it and he stands by it. Day one trump: let’s see about that wall.
This is actually 110% Trudeaus fault, he bought out the pipe on the Canadian side of the border and then never began construction on it, he just wanted to wait out until someone in the US would cancel it so he himself wouldn't be blamed for it being cancelled, he is a snake.
I'm patiently waiting for my 2+ week lockdown-vacation.
Meanwhile Hunter got his job back working for China and the big guy.
Nice handshake.