close video Biden admin knows it created ‘economic boondoggle’ by canceling Keystone XL: Dan Eberhart
Canary CEO Dan Eberhart says the Biden administration is ‘asleep at the wheel’ when it comes to energy policy and development.
After a U.S. Department of Energy report showed thousands of energy industry jobs would’ve been created with the Keystone XL Pipeline, one oil executive slammed the White House for knowingly creating an "economic boondoggle."
"It's an economic boondoggle here," Canary CEO Dan Eberhart said on "Mornings with Maria" Friday. "What America needs is clean, cheap energy. And I think that the Biden administration keeps throwing these lifelines to the progressive left and trying to give in to their wish list, but they're doing it at the expense of the American consumer."
The Biden administration published a congressionally mandated report highlighting the positive economic benefits the Keystone XL Pipeline would have had if President Biden didn't revoke its federal permits.
The report, which the Department of Energy (DOE) completed in late December without any public announcement, says the Keystone XL project would have created between 16,149 and 59,000 jobs and would have had a positive economic impact of between $3.4-9.6 billion, citing various studies. A previous report from the federal government published in 2014 determined 3,900 direct jobs and 21,050 total jobs would be created during construction which was expected to take two years.
BIDEN ADMIN QUIETLY ADMITS CANCELING KEYSTONE XL PIPELINE COST THOUSANDS OF JOBS, BILLIONS OF DOLLARS
But immediately after taking office in January 2021, Biden canceled the pipeline's permits, effectively shutting the project down.
The Biden administration’s canceling of the Keystone XL Pipeline would have created up to 59,000 jobs and $9.6 billion in economic impact, according to a newly released U.S. Department of Energy report. (Getty Images)
"The fact of the matter is, this pipeline not only would have created jobs here, it would have helped our energy security and strengthened our alliance with Canada, and it would have given us the ability to have more plentiful, cheaper energy," Eberhart explained. "What the administration is failing to do here is reduce demand. Affecting supply and reducing supply just pushes energy costs up to consumers."
Eberhart, who oversees one of America’s largest providers of oilfield services and needs, further called out the Biden administration for approaching adversaries and seeking more oil supply, instead of domestic producers, arguing it costs jobs and economic prosperity.
"The fact that the Biden administration is asking for more oil from Saudi Arabia, more oil from Venezuela and not from Texas, not from North Dakota, is extremely frustrating," the CEO said. "We can get both the economic activity and the jobs in the U.S., and we can push the price of oil down." close video Ex-Keystone worker: Pipeline would’ve looked pretty good right now
Former Keystone Pipeline worker Neal Crabtree discusses U.S. energy dependence as new momentum builds to suspend federal gas tax.
President Biden’s green energy policy is "directly or indirectly out to harm consumers," and holds the economy and U.S. oil producers back from achieving their full potential, Eberhart continued.
"When the rubber hits the road, we've got to make the infrastructure investments to be able to do some of these green energy things," Canary’s exec said. "Consumers need to understand what that's going to cost, and taxpayers need to understand what that's going to cost. And I think they are just completely silent on that. So they're effectively misleading the American people on what the energy transition cost."Ticker Security Last Change Change % WTXR WEST TEXAS RESOURCES INC 0.12 +0.00 +0.00%
In a statement Thursday, the DOE noted that the project would have had minimal permanent job impacts, but didn't mention the thousands of jobs that were estimated during the construction of the pipeline.
Some Americans who were hired – then fired – to construct the Keystone pipeline, like Neal Crabtree, have argued the Biden administration stole an opportunity to ensure affordable access to energy.
"We didn’t just lose key infrastructure, but thousands of workers lost family-sustaining salaries, strong benefits, and a strong essence of fulfillment," had previously said in a FOX Business op-ed.
GET FOX BUSINESS ON THE GO BY CLICKING HERE close video Former Keystone XL Pipeline worker accuses Biden of destroying American energy
Former Keystone XL Pipeline worker Neal Crabtree on why voters should consider the energy policies of the Biden administration and Democrats in the midterm election
Eberhart put the onus on the Biden administration to act urgently as our energy policy is "moving in the complete wrong direction.
"We're just asleep at the wheel," the Canary CEO said. "We're creating the [oil] discount with the sanctions, the U.S. and Western Europe. And who's getting the advantage of that? China, India and South Africa. Not the U.S., not Western Europe… So I question the Biden administration here directly: What are we accomplishing on energy policy with these sanctions?"
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Fox News’ Thomas Catenacci contributed to this report.
