Skip to main content
Tags: knudsen | keystone | biden | billions

Montana AG to Newsmax: Biden Cost US Billions Canceling Keystone Pipeline

By    |   Tuesday, 10 January 2023 12:48 PM EST

Montana Attorney General Austin Knudsen told Newsmax that President Joe Biden cost the economy billions of dollars when he canceled the Keystone XL pipeline.

Knudsen made his remarks on Tuesday's "National Report." His comments come on the heels of a report, released last week by the administration, highlighting the economic benefits that the nation could have reaped via the pipeline.

Biden had the federal permits revoked on the project early in his presidency.

When asked what sort of difference would there be if the president did not cancel the pipeline when he did, Knudsen replied: "I think the difference we would be experiencing would be tremendous. We'd be seeing lower fuel prices. We'd be seeing increased domestic supplies of oil.

"We'd be in a situation where the president would not have had to dip into our strategic  petroleum reserves and send a lot of that oil to China.

"Domestic oil production equals energy independence, equals security for our country. We'd be seeing a lot lower gas prices sat the pump right now.

"I can speak with some expertise on this. This thing was right in my backyard, literally in eastern Montana. All those permits were in hand. All those easements were in place.

"That was the tough part. The legal hurdles had been cleared. Literally all that existed now was for the company to come in and put the pipe in the ground, and employ thousands of people.

"And that’s really what’s so frustrating here. Put aside the benefit to the economy, we’re talking about a lot of jobs Montana lost out on, that the country lost out on — billions of dollars in revenue, tens of millions of dollars in tax revenue for the state of Montana gone with the stroke of a pen. Just a staggering ignorance of simple supply side economics here out of the Biden administration."

Jeffrey Rodack

Jeffrey Rodack, who has nearly a half century in news as a senior editor and city editor for national and local publications, has covered politics for Newsmax for nearly seven years.

© 2024 Newsmax. All rights reserved.


Newsmax-Tv
Montana Attorney General Austin Knudsen told Newsmax that President Joe Biden cost the economy billions of dollars when he canceled the Keystone XL pipeline.
knudsen, keystone, biden, billions
311
2023-48-10
Tuesday, 10 January 2023 12:48 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Interest-Based Advertising | Do not sell or share my personal information

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
Download the NewsmaxTV App
Get the NewsmaxTV App for iOS Get the NewsmaxTV App for Android Scan QR code to get the NewsmaxTV App
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved