CNS News posted an article posted a story yesterday about the President’s recent statements about his administration’s energy policy:
The article reports:
In his March 10, 2012, Weekly Address, President Obama said that “[u]nder my Administration, oil production in America is at an eight-year high. We’ve quadrupled the number of operating oil rigs, and opened up millions of acres for drilling.”
He continued: “But you and I both know that with only 2% of the world’s oil reserves, we can’t just drill our way to lower gas prices – not when we consume 20 percent of the world’s oil. We need an all-of-the-above strategy that relies less on foreign oil and more on American-made energy – solar, wind, natural gas, biofuels, and more.”
Well, he seems to have conviently overlooked a few things.
Some inconvenient facts reported in the article:
As CNSNews.com has reported, oil production on federal lands declined in fiscal year 2011 from fiscal year 2010 by 11 percent, and natural gas production on federal lands dropped by 6 percent during the same timeframe.
In contrast, oil production on private and state lands accounted for the entire increase, reported the IER, as production was up 14 percent from 2010 to 2011. Natural gas also was up 12 percent from 2010 to 2011.
The article also reported that the reason America is producing more oil has to do with permits issued in the two year period before President Obama took office. It takes about three to five years to bring on production in oil fields.
Please follow the link to CNS News to read the entire article. There is an awful lot of smoke and mirrors in what the President is saying about his energy policies, and the article explains what the facts actually are and how the President is skewing the information.