From AP News yesterday...
US may soon become world's top oil producer.
Driven by high prices and new drilling methods, U.S. production of crude and other liquid hydrocarbons is on track to rise 7 percent this year to an average of 10.9 million barrels per day. This will be the fourth straight year of crude increases and the biggest single-year gain since 1951.
Fourth straight year...wait a minute! I thought the president was blocking oil drilling. Well, there goes another lie. Speaking of BS...
The increase in production hasn't translated to cheaper gasoline at the pump, and prices are expected to stay high relatively high for the next few years because of growing demand for oil in developing nations and political instability in the Middle East and North Africa. Still, producing more oil domestically, and importing less, gives the economy a significant boost.
That's right. And how is it helping the economy again?
Businesses that serve the oil industry, such as steel companies that supply drilling pipe and railroads that transport oil, aren't the only ones benefiting. Homebuilders, auto dealers and retailers in energy-producing states are also getting a lift.
But I thought the president was destroying our economy. It's getting better?
Hmm....
8 comments:
Yep, because of fracking technology the US is on track to produce more oil than Saudi Arabia.
I still think it's a mistake, but it puts the lie to the Republican fiction that President Obama is somehow preventing Americans from getting enough oil and gas.
Again, BS peddled as fact. Obama is only claiming success of the market while hindering it behind the scenes. We have been over this before but here is some help for you mental midgets who didn't learn a thing last time:
Debunking Omaba's Blatant Energy Lies
And then:
2009
* Administration cancels leases on 77 parcels of land in Utah (February).
* Administration delays new offshore leasing plan by adding another half year to comment period (February).
* Administration proposes billions in new taxes on oil and gas industry in FY 2010 budget proposal (February).
* Following protests by environmentalists, BLM suspends sale of 31 drilling tracts in Utah that had already been purchased (June).
* Administration revisits Utah leases, continuing suspension or permanently withdrawing most (October).
* Administration announces new round of oil shale research and development leases in Colorado, Wyoming, and Utah with significantly reduced lease acreage and unattainable lease terms (October).
* Administration shortens lease terms for upcoming Central Gulf of Mexico lease sale (November).
2010
* Administration proposes additional regulatory hurdles for development on federal lands (January).
* Administration proposes billions in new taxes on oil and gas industry in FY 2011 budget proposal (February).
* Administration cancels the remaining Alaska lease sales in the Beaufort and Chukchi Seas offshore and withdraws Bristol Bay from the program (March).
* Administration cancels the Virginia offshore lease sale, despite bipartisan support from Virginia’s governor and congressional delegation (May).
2011
* Administration proposes billions in new taxes on oil and gas industry in FY 2012 budget proposal (February).
* Administration releases a draft forest management plan that proposes a ban on horizontal drilling in the George Washington National Forest (April).
* Administration issues an ANPR regarding new regulations for gas gathering lines that would substantially impact development of the Marcellus Shale (August).
* Administration proposes one-size-fits-all new source performance standards that, lacking a phase-in period to manufacture the control equipment, may significantly hamper oil and gas operations (August).
* Administration again proposes billions in new taxes on the oil and gas industry (September).
* Administration issues new 2012-2017 five-year plan that fails to open any new offshore areas to oil and gas development (November).
* Administration releases final study plan on potential impacts on groundwater from hydraulic fracturing that fails to address concerns regarding the transparency and scientific validity of the study’s approach (November).
* Administration raises the minimum bid amount for offshore lease blocks in water depths of 400 meters and greater from $37.50 per acre to $100 per acre (December).
* Administration produces a draft report outlining the findings of its groundwater investigation in Pavillion, Wyoming and receives extensive criticism for questionable scientific methodology (December).
* Administration cancels a planned auction of public lands in the Wayne National Forest to review scientific information regarding horizontal drilling and hydraulic fracturing (December).
2012
* Administration rejects permit for Keystone XL pipeline (January).
* Administration begins testing water wells in Dimock, Pennsylvania despite having no new information to justify reversing previous statements that laboratory data did not indicate that water quality presented an immediate health threat (February).
* Administration recommends removing from leasing availability over 1.8 million acres of oil shale and tar sands energy resources in Colorado, Utah and Wyoming (February)
Why don't you ever look behind the BS spin you take as fact?
Wait, weren't you the one who pointed out that it would take at least 10 years for new production to come on line whenever we said we needed to increase drilling?
That means that the recently increased production has been in the works for at least 10 years. Obama didn't build that.
That's not the point that Mark is making. He is saying that the president didn't block anything so he is not anti-oil. Those leases were being left unused and he didn't block Keystone. Talk about BS, butt wipe.
Downtown apparently can't read either. No wonder you proglodytes are so ignorant!
Mark (I mean downtown) says you are a buttwipe. A dumbass fuckstick buttwipe, no doubt!
Yes, apparently people get testy when everything they know is wrong. Some lash out and some just continue spouting the same crap over and over like M. So incurious these leftys!
Nuh-uhhh!!
Marcyhttp://www.humanevents.com/2012/10/22/vote-fraud-alert-obama-scores-big-among-north-carolina-vampires/
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