About President Obama’s Energy Policy

This is a graph from Investors.com of energy of energy production on federal land since 2003:

The article reports:

When President Obama, in responding Tuesday to Mitt Romney‘s chiding about failing to approve the Keystone XL pipeline, claimed that his administration has added enough new oil and gas pipelines to “encircle the Earth and then some,” we felt a perfect response from Romney would have been, “You didn’t build that.”

The article further reports:

According to the Interior Department‘s Bureau of Land Management, in 2008 under President Bush a total of 55,085 oil and gas leases were in effect on federal land. In 2011 under Obama, there were just 49,174, a decrease of 11%.

Federal acreage under lease shrank from 47.2 million in 2008 to just 38.5 million, a drop of 19%. And 6,617 oil and gas permits were approved in 2008 vs. 4,244 permits in 2011, a decrease of 36%.

The Heritage Foundation‘s Nicolas Loras points out that a recent report from the EIA documents the fact that energy production fell 13% on federal lands in fiscal 2011 compared with fiscal 2010.

Although tapping domestic energy would not bring down gasoline prices tomorrow, it would impact those prices in the near future. It is time to elect a President who will allow us to become energy independent.

 

Enhanced by Zemanta