Lying, misdirection and obfuscation. The Republican exercise regimen.
“Oil production can create dependable jobs in the United States if given the chance. Too bad Obama has said ‘no’ to American energy production.”
“Of course, we don’t have new wells off East or West Coast, and, of course, the president hasn’t done anything to expand production in Alaska either. It is absurd for the president to claim anything other than that for which he deserves complete credit: Bringing new exploration to a halt in a vain and destructive attempt to force America to stop consuming the oil that in his mind and the mind of his political allies is imperiling the planet.”
World Net Daily:
. . the House Natural Resources Committee unveiled figures showing under Obama, there were the fewest onshore oil and gas leases issued since 1984. . .
And oil and natural gas production on federal lands has plummeted by more than 40 percent compared to just 10 years ago.
The House committee noted White House press secretary Jay Carney has been trying to defend Obama’s “dismal energy record.”
Boo hoo. If energy companies can’t decimate our wildlife reserves, coasts and fisheries, America can’t produce any oil. Or can it?
U.S. oil gusher blows out projections
By Simone Sebastian | Houston Chronicle | February 19, 2012
The United States’ rapidly declining crude oil supply has made a stunning about-face, shredding federal oil projections and putting energy independence in sight of some analyst forecasts. . .
The number of rigs in U.S. oil fields has more than quadrupled in the past three years to 1,272, according to the Baker Hughes rig count. Including those in natural gas fields, the United States now has more rigs at work than the entire rest of the world.
Here come record amounts of oil:
“It’s staggering,” said Marshall Adkins, who directs energy research for the financial services firm Raymond James. “If we continue growing anywhere near that pace and keep squeezing demand out of the system, that puts you in a world where we are not importing oil in 10 years.” . .
Last month, the U.S. Energy Information Administration upgraded its forecast of crude production in 2025 to 6.4 million barrels per day – 1 million barrels more than were pumped in 2010.
Previously, the EIA had projected the U.S. would peak at 6 million barrels in 2022. . .
By the EIA’s forecast, the United States will challenge Saudi Arabia as the world’s top oil producer when crude and other forms of liquid petroleum are included.
The reasons: Surges in production in South and West Texas, North Dakota and the Gulf of Mexico. Natural gas production, through fracking, has also gone through the roof. Through the roof’s roof.
So American energy production is way up. How inconvenient for the Republicans. I’d say this supports Obama’s decision making on off-shore leases and the Keystone pipeline.