Update this just came to my attention. 1:21 am 3/13/11. Doc Hastings (R-WA) Chair of the House Natural Resources Committee on rising gas prices:
It is foolish for us to ignore the resources that we have in our country right now.
Original post begins below.
Yes Mr. President, you are the ultimate spinmaster, that is for sure. Under fire from consumers and businesses enraged about the rising price of gasoline, you set out on a mission to either “spin the facts” or take credit, when credit is due, from previous administrations.
In his White House blog last week, Obama had this to say:
From 2008 to 2010, oil production from the Outer Continental Shelf increased more than a third â€“ from 446 million barrels in 2008 to an more than 600 million barrels of estimated production in 2010. Onshore, responsible oil production from public lands has also increased over the last year, from 109 million barrels in 2009 to 114 million barrels in 2010.
Yes, it did. See chart below prepared by the Energy Information Administration (EIA):
What Obama doesn’t say is, this is a direct result of the Deep Water Royalty Relief Act (see page 7 and hereafter referred to as DWRRA) of 1995 during the Clinton Administration which I’ll discuss down the road. I know your eyes are bugging out about 2011 and 2012, we’ll get to that in a few as well…
One campaign promise Obama did keep was his desire to curtail the US dependency on fossil fuels and the creation of more “green jobs and energy.” So it’s probably no wonder he chose former Colorado US Senator Ken Salazar to head his Department of the Interior. Salazar had this little exchange on the Senate floor in 2008 with Mitch McConnell:
How high can it go? Salazar didn’t object when McConnell said “$10 per gallon.” And yes, because this is an edited exchange, I did look further and the prestigious Institute for Energy Research uses this same video so I am trusting their judgment. And what is T-man Geithner doing in Germany? (See IER link immediately above). He’s telling us that “boosting oil output would calm fears.” For once you are correct sir, and the US is the third largest producer of oil, so what are we waiting for?
Let’s take a look again at that eye-popping chart above. Yea, Obama would like all of us to think this country is running out of oil, coal and natural gas. Don’t worry about it. We have tons, barrels and trillions of CF. Problem is getting it out of the ground. And no, it ain’t because of lack of technology or infrastructure or willingness on the part of oil, gas and coal companies.
Take a look at this handy-dandy chart prepared by the Bureau of Land Management (BLM) and notice the number of oil and gas leases issued post-DWRRA compared to NOW:
- 1995: 4,528
- 1997: 4,182
- 1999: 3,075
- 2001: 3,289
- 2006: 3,985
- 2008: 2,416
- 2009: 2,072
- 2010: 1,308
Notice when the mega-dropoff started? Yep, Obama has been using the BP DeepWater Horizon spill as an excuse to cut down on leases and curtail our drilling and mining for our own fossil fuels which I guarantee DO exist. USGS says so as I outlined in a previous article and I don’t believe they are deceiving us.
Any wonder now why your eyes are bugging out about the predicted lack of oil and NG production in 2011 and 2012?
BOEMRE has only issued 2 post-BP spill deep-water drilling permits. One to Noble Energy’s Santiago rig on February 28, which is 46.5% owned by BP. The second permit was issued to BHP Billiton (h/t to Kenny Solomon) on March 10 for an operation already in progress off the coast of Louisiana but put on hold because of the BP spill.
Obama in his presser on March 10 was asked the possibility of opening up our oil and gas reserves to help alleviate the dramatic rise in gasoline prices. But those reserves should only be used in an emergency.
The only “emergency” here is an administration unwilling to allow our own fossil fuels to be tapped.
Crossposted at Conservative Outlooks
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