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Karl Rove: Promised Biden 'transition' from oil, fossil fuels would be death blow to Texas economy

Added 10-29-20 12:29:02am EST - “Joe Biden's promise to "transition" from the oil industry and? fossil fuel exploration will kill the economy in Texas and other states while increasing energy costs and causing massive? job losses, Fox News contributor Karl Rove told…” - Foxnews.com

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Posted By TheNewsCommenter: From Foxnews.com: “Karl Rove: Promised Biden 'transition' from oil, fossil fuels would be death blow to Texas economy”. Below is an excerpt from the article.

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Joe Biden's promise to "transition" from the oil industry and fossil fuel exploration will kill the economy in Texas and other states while increasing energy costs and causing massive job losses, Fox News contributor Karl Rove told "The Ingraham Angle" Wednesday.

"Houston’s economy is driven by the fact that all of the exploration in the Gulf of Mexico is directed, funded, staffed and executed out of the city of Houston," Rove told host Laura Ingraham. "You take that business and the Houston economy will get hit hard," he said,

Rove added that "downstream" businesses, such as refineries, would have to shut down under a Biden presidency.

The former George W. Bush adviser also noted that while Democrats claim to be champions of public schools, the Texas oil industry is the second-largest source of tax revenue that benefits the state university system.

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