RobDownSouth
Never Banhammered
- Joined
- Apr 13, 2002
- Posts
- 72,726
The foresight and leadership of President Obama has resulted in $57 a barrel oil prices.
This is great news for America!
This is great news for America!
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Which of his state policies that have the effect of curtailing production did he reverse in order to cause the increase in production and earn him this acclaim?
The foresight and leadership of President Obama has resulted in $57 a barrel oil prices.
This is great news for America!
Which of his state policies that have the effect of curtailing production did he reverse in order to cause the increase in production and earn him this acclaim?
RWCJ #1 Rule: Obama the Commie Nigerian only gets blame. With a Republican in the WH prices would be $20 per.
Pretty much. Like I've said before, if President Obama personally cured cancer today, Vetteman, query and busybody would all be here tomorrow lamenting the loss of good paying oncologist jobs that occurred on President Obama's watch.
Under Obama, the BLM lease arrangements were changed (use it or lose it). Fewer leases were issued, but the ones that were issued got developed.
This led Mitt Romney to holler that there were fewer leases issued and be mum about the production increases. And millions of conservatives assumed Obama's action curtailed production, when it actually encouraged it.
Possibly accelerating forward a few developments in the process of denying the bulk of leases is not a long term strategy of increased oil production by an stretch of the imagination.
Numbers?
So a 10% increase in production on public land during the period when oil prices were soaring is to his credit, and closing out more than 2/3 of the leases was a move to increase production? Got it.For example, in 2007 48,933 Leases were in effect on 4,634,736 acres of land. Of those 21,680 leases were actively producing.
In 2013 47,427 leases were in effect on 1,172,808 acres of land. Of those 23,507 were actively producing.
So less leases, a LOT less acreage leased, yet production has soared.
The highest month of production in 2007 was 161,344 thousand barrels.
The highest in 2013 (the latest we have complete data for) was 243,971 thousand barrels.
The highest so far for this year? 280,432 thousand barrels.
Source
So a 10% increase in production on public land during the period when oil prices were soaring is to his credit, and closing out more than 2/3 of the leases was a move to increase production? Got it.
Your inclusion of all oil produced in the US conflates production on private land which has nothing to do with the administrations policies.
The endless circumlocutions of administration apologists to paint night as day is amusing.
True, there has been a significant drop in oil production on federal land and in the number of permits and leases issued. A drop tied, in part, to the unprecedented Deepwater Horizon oil spill.
Even the Institute for Energy Research acknowledged that "This decrease isn't a result of President Obama's policies exclusively, but it is the result of decades and policies that have systematically reduced energy production on federal lands."
The endless attempts to blame the President for all of the worlds ills while denying any accomplishments never ceases to amaze me.
Despite Rob's insistence that when gas prices rise his policies that have the effect of reducing the projections of oil production he gets no blame, but when he makes no changes to those policies and industry thrives despite them he gets all the credit.
#AscriptionAgain
You were axed what policies of
Hussein
Soetor
Obola
Led to lower prices
We still wait