'POTUS, his policy advisers, and the majority of Democratic senators and representatives are hurrying to destroy careers, lives, and whole communities with their blind rush to a zero carbon emissions economy.' -James Rogan
, economists from the U.S. Federal Reserve Board and the Federal Reserve Bank of San Francisco state unequivocally that the transition away from fossil fuels presents"significant risks for communities historically built around the fossil fuel industry." The researchers examine the decline of communities in the Appalachian coal region to project what will happen to large geographies of the nation in the headlong rush to a carbon-free economy.
This research is consistent with earlier studies conducted by professor Gordon Hanson of Harvard University. Hansonthe green energy transition would"profoundly disrupt" whole communities dedicated to the extraction of fossil fuels. He explained that the fossil fuel industry — oil, gas, and coal — pays relatively high wages to men and women without college degrees.
Hanson further highlighted what should be obvious to Biden and Democratic elites: Affected communities will see lower family formation, higher out-of-wedlock births, more children living in relative poverty, and higher rates of alcohol and drug addiction with the attendant increase in early mortality. Biden’s rush to a green economy is creating a new culture of poverty embedded in the fossil fuels regions of the United States.
But the consequences are clear. Biden and Democrats are the wolf at the door of fossil fuels extraction communities.
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