Another BIG lie to add to all the others that Obama feeds to the liberal media, the robot reporters, and journalists, who have lost all integrity and spew it as fact.
Time they grew a backbone!
President Obama's Oil Production Lie
snipe
2012/03/04 20:08:37
And boy do the obots suck it all up!
With gas prices soaring on his watch, President Obama is eager to deflect attention from his record of blocking American energy production that would help address the pain at the pump and create jobs. As part of this strategy, the president is trying to take credit for an increase in domestic oil production – a claim he repeated this afternoon in Florida. It’s a nice talking point, but a highly misleading one.
Here are the facts: it is the significant increase in energy production on state and private lands – where Washington has limited control – that is largely responsible for the recent boost in oil production. According to a new non-partisan analysis of government data, oil production on private and state lands jumped by 14 percent during the last fiscal year. Production on federal lands, meanwhile, dropped by 11 percent. This trend is almost certain to continue given that the Obama Administration’s draft five-year drilling plan prohibits offshore drilling in new areas, and only allows lease sales to occur in areas that are already open.
As for any recent increases in oil production on federal lands, they can largely be attributed to the policies of previous administrations. The Natural Resources Committee has more on this and the president’s other dubious energy claims.
Often quick to assign blame, the White House is stingy about sharing credit. Take the president’s new budget, in which more than half of the proposed savings comes from the Budget Control Act and spending cuts the president opposed for months. In both cases, the administration is trying to take credit when it shouldn’t, distract from the size and scope of the problem at hand, and give itself a pass on coming up with much-needed solutions.
“Rising gas prices drain economic confidence fast,” The Washington Post notes, “as most Americans feel pinched as soon as they fill up their next tank.” Americans deserve the truth about our energy challenges, and solutions that square with reality. That’s why Republicans unveiled the American Energy Initiative last year, and passed several bills to expand domestic energy production as part of the Plan for America’s Job Creators. Learn more at http://jobs.GOP.gov.
http://www.speaker.gov/Blog/?postid=281672
Top Opinion
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marylou5 2012/03/04 20:26:29
In an August 27th, 2011 article of the Wall Street Journal, It states that there are "1,069: The number of rigs drilling for oil in the U.S. this week."
"The figure reflects a huge surge in U.S. oil drilling, up nearly 60% in the past year and the highest total since at least 1987,"
"The U.S. pumped 3.9 million barrels a day from onshore fields in March, up 5.9% from a year earlier and the most in nearly a decade."
"Rising production—along with other factors such as increased use of alternative fuels and reduced consumption due to more fuel-efficient cars—is helping to make the U.S. less dependent on foreign oil. U.S. crude oil imports last week were down 11% from a year ago; on a percentage basis, the U.S. imported less of its oil last year than any year since 2003."
Now there is a difference between oil rigs on private land and federally owned land. So let's look at Obama's record on oil rigs and leases according to the Bureau of Land Management,
Here is the bureau of land management stats on NEW LEASES for drilling on federal land. In 2011, 2,188 new leases were given out by Obama. In comparison, George Bush gave out only 2,022 in 2003. While the numbers do not mean much to me because leases increase and decrease due to the price of a ...
In an August 27th, 2011 article of the Wall Street Journal, It states that there are "1,069: The number of rigs drilling for oil in the U.S. this week."
"The figure reflects a huge surge in U.S. oil drilling, up nearly 60% in the past year and the highest total since at least 1987,"
"The U.S. pumped 3.9 million barrels a day from onshore fields in March, up 5.9% from a year earlier and the most in nearly a decade."
"Rising production—along with other factors such as increased use of alternative fuels and reduced consumption due to more fuel-efficient cars—is helping to make the U.S. less dependent on foreign oil. U.S. crude oil imports last week were down 11% from a year ago; on a percentage basis, the U.S. imported less of its oil last year than any year since 2003."
Now there is a difference between oil rigs on private land and federally owned land. So let's look at Obama's record on oil rigs and leases according to the Bureau of Land Management,
Here is the bureau of land management stats on NEW LEASES for drilling on federal land. In 2011, 2,188 new leases were given out by Obama. In comparison, George Bush gave out only 2,022 in 2003. While the numbers do not mean much to me because leases increase and decrease due to the price of a barrel of oil. When prices increase, oil companies want to drill, when prices decrease, it is not as profitable and they do not want to drill.
I know who's lying and its not Obama....
i just want to go after one of the WSJ points. i saw the article when it was printed and i don't agree WITH that one point.
rising production (of existing wells) IS a function of higher prices. reduced consumption is from more fuel efficient cars, perhaps from alternative fuels, i'd argue that the biggest reduction is based on our anemic recovery. if jobs suck, people aren't going to drive as much. transportation of goods will drop. its a vicious cycle.
that reduction in importation in oil also implies that economic issues apply.
i suppose the way to confirm that would be to check miles driven in the US.
i wouldn't call this a primary source, but:
http://www.usatoday.com/news/...
which seems to support my contention. less miles driven, more production should translate into less importation.
Fact one Oil prices are high not because of a high demand as there is no shortage The price of oil is linked to the US Dollar, which is at the present time very weak in the world market Thanks to the fed printing money they can’t back
Fact two Yes the production of crude oil at the present time is up. (Not at an all time high as some people would like you to believe) Not because of that one, But because the new drilling is on private or state owned Land which this administration has no control of.
http://en.wikipedia.org/wiki/...
http://www.indexmundi.com
FACT THREE and the most important That on will lie through his teeth about anything if he thanks it will help him. Time to throw the bum out.
Semper Fi
You want the culprit?
Go with what O'Reilly says....it's the big oil companies.
Like they say...when the price of oil is low, they make a small profit.
When the price of oil is higher, they make a bigger profit.
It doesn't matter to them...it costs the same to produce the oil no matter what.
But when the price of oil is set, globally, they go with the (oil) flow, that's all.
So now conservatives are concerned with big oil making a bigger profit?
Since when?
You've been telling us for decades that profit is a good thing...LOLOL!!
Quit yer bitchin, already...will ya?
Tha means that for every dollar you spend on gas, the Company gets only 6 cents.
Apple has a margin in the range of 25%. Even Planned Parenthood has a higher profit Margin selling abortions than the oil companies.
Is that right?
The high price of gas is not controlled by the Oil Companies. It is controlled by OPEC and the Speculators all over the world, many of whom hate us. They control the price of the Crude that the big oil companies need to provide the finished products. And if yo notice in the graph, that is the biggest part of the price of a gallon of gas.
You want lower Gas prices? Begin to drill domestically,. and you remove the leverage they have over us.
And don't throw in that BS about Ethanol etc. It costs 70 cents in Fossile fuel to produce $1 worth of Ethanol. Which when used in a car reduces its power output by about 30%.
Ever wondered why your car gets less gas Mileage in the winter? Most cars drop 4-5 MPG when the Winter blend hits the pumps. Winter blend by the way is another of the EPA regs you hear little about. In an effort to keep the Ethanol companies in business.
We could drill on every inch of land in the US, and it would barely make a dent at the gas pumps for Americans. We purchase oil from the world oil market, not from Texas...
The number of rigs have shot up 60% under Obama, largest increase since 1987... it is not about oil rigs or drilling on our soil. That will not solve anything accept to line oil company pockets. Meh...
First of all, we could say "forget alternative energy, let's just allow a drill in everyone's backyard", and it would STILL not "flood" the world oil market. That is ridiculous.
Secondly, OPEC offsets oil production decreases and increases ALL the time. US adds 3% to the world oil market by drilling in Grandma's back yard? No problem, they would just decrease their own production just a smidge, bring prices back to a level they are comfortable with. Again, they do this all, the, time. Not news. You can fantasize about the US being able to do much about the price of gas, but it simply is not true. This "non power" over the virtual lifeblood of America is exactly why Obama is pushing alternative energy so vigorously. We are a MUCH weaker nation when we are so dependent on nations that we generally would otherwise abhor. Oil dependency is the problem, not how much oil the US can add to the world oil market. That is nonsense put out by oil companies and their shills because it is easy to sway those that do not know any better. "We can fix this if they would just let us drill more on your land". Nice try, multinational oil marketing man...
More drilling, etc, etc... does nearly absolutely nothing for Americans. It increases oil company profits, not much more.
Germany just abandoned subsidies for PV solar. Denmark just abandoned subsidies for off shore wind farms. even the europeans are facing economic and tax policy reality.
if the US drilled/provided its entire energy supply (let's say that we reduced consumption by a number that permitted that, where the supply and demand curves crossed), it wouldn't matter what the foreign price of oil would be.
when those foreign sources lose the American market, what do you think that the price will have done?
what we lack is a cohesive energy policy that discourages overuse and encourages alternative fuel use. T Boone Pickens is talking about a $10B to make CNG filling stations available to fuel cars and trucks, more widespread. if oil prices get that high, the switchover won't take that long and it wouldn't require federal dollars..
Because those businesses are doing so well! Germany's problem is there there is now TOO MUCH competition for things like solar... coming from places like China, etc.Too bad it isn't coming from the US. We seem to hate paying for alternative energy research, and as warned by many, including Obama, other nations are taking the lead. We love us some oil, baby. We'll even go to war over it. It basically shapes our national "interests".
Not happening with oil. We simply do not have that much. Making matters worse, to come even close we would have to virtually rape our environment to get it while continuing the reality that burning fossil fuels does absolutely nothing good. Oil is the problem.
Exactly.
Go down. Exactly.
You greatly underestimate how entrenched and efficient the oil consumption is in this country. It is not so easily replaced. Not by a long shot.
there is no 'lead' here. its political 'investment' for little or no economic benefit.
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i know. that was my point i thought that i was clearly alluding to drilling more and using less so that the supply demand curves crossed, so THAT's when we'd be energy independent...
energy independence is not impossible.
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actually, i don't think that i underestimate anything. Pickens is pushing the Nat Gas Bill that would promote trucks converting to CNG. he says, FWIW, that trucking converted from gasoline to diesel in 6 years. i'd take that with a grain of salt only because the trucks, when this conversion took place, were substantially smaller than they are now. even so, self interest is a powerful motivator. especially when you consider that CNG is half the price of diesel ($2 vs $4/gal).
i don't advocate replacement of fuels except where it makes sense. widespread usage of CNG could be one alternative. i'm not sure of any other straight up replacement. maybe CNG to replace #2 home heating fuel. i dunno. there are always options.
throwing up our hands and saying that we can't do anything else is beneath us.
I am merely pointing out the facts, which had been lacking here.
all your charts show is that more rigs pump when oil gets expensive.
Right! Because those drilling the oil are owned by multinational oil companies. Oil that is then just put in the world market bucket for all to buy from. It makes them more money, but that is about it.
You see, the US does not drill for oil. Large oil companies do...
it should be obvious.
so what? that 'world market bucket' you talk about is why oil is considered a fungible product. every barrel of oil drilled here makes every barrel of oil drilled somewhere else availabe to be used somewhere else in a different market.
the US doesn't build bridges either. or houses. or capital.
besides. lots of companies drill for oil. not all are large. i seem to recall a time that i could have bought into an oil well in southern IN that pumped three barrels a day...
They are maximizing profit, obviously. It is their ONLY goal.
Your 3 barrel a day pump is meaningless. Utterly meaningless to American gas prices. It is the large oil companies that make the difference.
every barrel of oil drilled here makes every barrel of oil drilled somewhere else availabe to be used somewhere else in a different market.
Strange. Which one is it? "more rigs pump when oil gets expensive", means less when it isn't. You suggested this, with my graph, and it is correct. If we drill more here, they DECREASE production over THERE. OPEC does this all the time. Just like you realized. Every large oil company does this, and they are all in the same market. Saying we need to drill more here, even with rigs down when prices are down, is just another way of big oil companies saying:
"Look, prices are up, we want to sell more of OUR oil, to make more money. If we can drill more on your land, that will take money from OPEC as they will decrease production to make up the difference, we could make higher profits. The only thing that will change is that we will make lots of money, and they will make less. It is our only goal, so we really have no choice. It is great that it is so easily confused for public f...
They are maximizing profit, obviously. It is their ONLY goal.
Your 3 barrel a day pump is meaningless. Utterly meaningless to American gas prices. It is the large oil companies that make the difference.
Strange. Which one is it? "more rigs pump when oil gets expensive", means less when it isn't. You suggested this, with my graph, and it is correct. If we drill more here, they DECREASE production over THERE. OPEC does this all the time. Just like you realized. Every large oil company does this, and they are all in the same market. Saying we need to drill more here, even with rigs down when prices are down, is just another way of big oil companies saying:
"Look, prices are up, we want to sell more of OUR oil, to make more money. If we can drill more on your land, that will take money from OPEC as they will decrease production to make up the difference, we could make higher profits. The only thing that will change is that we will make lots of money, and they will make less. It is our only goal, so we really have no choice. It is great that it is so easily confused for public fear mongering. Easy to say 'if you let us drill, our prices will go down'. Makes sense, right? Or, 'we'll be less dependent on the Middle East', but really, it is the same "pile" of oil, we just want a bigger piece of the pie."
Nothing more. At all.
i didn't say it was going to save the day. i was saying that there are many small producing wells out there. maybe they'll ome back into full production with oil at these prices. owned by mom and pops...
the world demand is only slightly behind world production. that puts upward pressure on pricing. if one significan t field goes down, the price will rapidly increase.
we cold count on our allies to keep pumping whatever they feel like, or we can increase our pumping and not compete with those other world wide competitors that will pay any price for oil they can't get.
Obama 2012 has been publishing this graph that shows the price of gasoline bottoming out at $1.90 right before Bush left and climbing after Obama takes over.
it bottomed out because Bush opeend up large tracts in the Pacific, Atalntic and new areas in the GOM. Obama promptly closed them. had they been leased and drilled (takes somewhere between 5 and 10 years) the US would be reaping taxes and royalties and we'd be using more of our oil and competing less for that limited supply of worldwide oil.
it hasn't put any downward pressure on oil pricing because we didn't do it. what might have been less competitive is now mor...
i didn't say it was going to save the day. i was saying that there are many small producing wells out there. maybe they'll ome back into full production with oil at these prices. owned by mom and pops...
the world demand is only slightly behind world production. that puts upward pressure on pricing. if one significan t field goes down, the price will rapidly increase.
we cold count on our allies to keep pumping whatever they feel like, or we can increase our pumping and not compete with those other world wide competitors that will pay any price for oil they can't get.
Obama 2012 has been publishing this graph that shows the price of gasoline bottoming out at $1.90 right before Bush left and climbing after Obama takes over.
it bottomed out because Bush opeend up large tracts in the Pacific, Atalntic and new areas in the GOM. Obama promptly closed them. had they been leased and drilled (takes somewhere between 5 and 10 years) the US would be reaping taxes and royalties and we'd be using more of our oil and competing less for that limited supply of worldwide oil.
it hasn't put any downward pressure on oil pricing because we didn't do it. what might have been less competitive is now more competitive.
when the OPEC people cheated on each other to reap every penny of high priced oil we saw the cheapest prices in decades. a veritable glut. when we drill, here, we change that game. they can't count on that gravy train.
with Obama in charge, they can count on it. prices are going into the stratosphere.