It’s a dark and stormy night, you’re in the middle of the last episode of the show you’ve been binging, and you’re just about to find out who the real killer is when BAM—The power goes out. It’s like the beginning of that most recent horror flick you just watched, except this time it’s much worse… the United States just passed the GREEN NEW DEAL.
POWER OUTAGES GALORE
If the Green New Deal is passed in the United States, it’s safe to say that we could expect more power outages, particularly in the warmer seasons as more people use the AC. Certain states like California are already experiencing these power outages and they haven’t even fully stopped using natural gas yet. Under the Green New Deal, the United States would move away from reliable and affordable natural gas.
GOODBYE BOOMING ECONOMY
The oil and gas industry has one of the largest workforces in the country. It supports 9.8 million jobs across the United States, from site engineers to pipeline workers. Under the Green New Deal, nearly 10 million Americans would be wondering where their next paycheck would be coming from. Not only that, but our energy exports would go down— Like way down. In 2019, the U.S. exported 4.66 Tcf (Trillion cubic feet) of natural gas.. The impact of the Green New Deal would not only be catastrophic to the economy, but also to millions of people’s livelihoods.
BUDGETS FOR CRITICAL SERVICES WOULD BE DEVASTATED
In Texas, oil and gas revenue plays an important role in funding schools. In 2018, the amount deposited into the Permanent School Fund from oil and gas revenues totaled over $2 billion. Taxes paid by oil and gas companies also fund services and projects that keep communities running, like roads and first responders. In 2018, the Texas oil and natural gas industry paid the equivalent of $38 million a day to fund our schools, roads, universities and first responders. Without oil and gas production, communities across Texas could find themselves scrambling to keep funds flowing into their essential services.