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Zekelman Industries Chair and chief executive officer Barry Zekelman goes over the economic effect of Biden's power plans on the steel and also oil industries as the management seeks to U.S. opponents for oil.
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BARRY ZEKELMAN: You recognize, when they terminated the Keystone pipeline, it's truly a false trail, right? That's not mosting likely to solve worldwide warming. All we did is export the need for oil as well as the supply of oil to other countries that rather honestly, create it in a much dirtier way than the US. The United States is the cleanest nation for producing nonrenewable fuel sources. As well as clearly the requirement is still there.
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Manufacturer calls this Biden admin move a 'brutal and naive' mistake
Zekelman Industries Chair and CEO Barry Zekelman discusses the economic impact of Biden's energy policies on the steel and oil industries as the administration looks to U.S. adversaries for oil.
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BARRY ZEKELMAN: You know, when they canceled the Keystone pipeline, it's really a red herring, right? That's not going to solve global warming. All we did is export the demand for oil and the supply of oil to other countries who quite frankly, produce it in a much dirtier way than the US. The US is the cleanest country for producing fossil fuels. And clearly the need is still there.
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FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.
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