This order will cost approximately one million Americans jobs in the near term.
It will also decrease U.S. Gross Domestic Product by $700 billion.
This executive order also puts America's energy security at risk.
U.S. oil imports from foreign sources would increase by 2 million barrels a day.
Through 2030, the U.S. would spend $500 billion more on energy from foreign suppliers.
Instead of making it easier for American companies to increase domestic oil and gas production and hire more U.S. workers, Biden has begged OPEC and Russia to increase global output to ease rising prices.