Thursday, March 22, 2012

Oil Production Plummets Under Obama

Today, Barack Hussein Obama tried to portray himself as the candidate of "drill here, drill now," because oil production in the US is actually up under his rule. But it's up because so much production is outside of his authority to stop it. On federal lands, where he does have the power to obstruct oil extraction, production is down. Way down.
In his 2012 State of the Union Address, President Obama said that “American oil production is the highest that it’s been in eight years.”

But on Wednesday, the nonpartisan Congressional Research Service released a new report that finds that the overwhelming majority—96 percent—of the increase came from land not owned by the federal government.

In 2011, oil production on federal lands declined by an average of 275,000 barrels per day, whereas production on non-federal lands increased by 395,000 barrels per day. The CRS's analysis aligns with that of the Energy Information Administration, which found that oil production on federal lands dropped 14 percent in 2011.


Anonymous Anonymous said...

I would recommend that you actually read the Energy Information Administration, as it is pretty informative regarding oil production on Federal lands and the reasons for a decrease in 2011.

On the other hand, if you blame Obama for the decrease in oil production in 2011, you would have to give him credit for the increase in 2010.

11:04 AM  
Blogger Michael said...

Oil production rose solely because of improvements in extraction technology, aka fracking.

And anyone who has been paying attention knows that Obama's EPA has been trying to gin up justifications for banning fracking.

11:17 AM  

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