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The Debunker: Obama really is the non-energy president

Evil 1 2012/03/08 13:07:47
With gas selling above $5 per gallon just blocks from the White House, President Barack Obama is already trying to duck responsibility. In his weekly radio address Feb. 25, the President said that “under my administration, America is producing more oil today than at any time in the last eight years.

While it’s true that U.S. oil and natural gas production are up, this is not thanks to, but in spite of Obama. All the increased production has come from state and private lands, where the President has little power. On federal lands controlled by Obama, production has actually fallen.

According to an Institute for Energy Research analysis of data from the Interior Department’s Office of Natural Resources Revenue, production of oil increased 14 percent and natural gas 12 percent on private and state lands in Fiscal Year 2011, while on federal lands, production of oil declined 11 percent and natural gas 6 percent.

Read More: http://www.humanevents.com/article.php?id=50049

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2014/10/26 00:25:44

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