Saturday, February 25, 2012

Obama Takes Credit for Bush' Drilling Policy

In an Obama campaign ad from 2008 against John McCain, candidate Obama tied John McCain to President Bush's drilling plan and said it would not "produce a drop of oil for seven years."

Obama was right. It did not produce in seven years. It took almost eight years. With oil production up in spite of the president's "cap and trade" and "fuel costs will necessarily have to go up to advance my green agenda", Obama is taking credit for the plan that George W. Bush enacted when gas and oil prices went up during his presidency.

 According to Jay Carney this week, "Oil and gas production is the United States has risen every year since the president's been in office. Oil production is now higher than it's been in eight years."

However, industry analyst will all say this about the rise in production. It is occurring in spite of Obama and his green agenda.

If you look at federal lands under the president's control, oil production is down. Production in the Gulf of Mexico is down 30%. Production in the Rocky Mountains on federal lands is down 70%. This is according to Jack Gerard, head of the American Petroleum Institute.

In addition to that, Obama has put 85% of the outer continental shelf off limits to drilling and is making only 3% available for petroleum exploration and development.

Although it takes years for oil deposits to be identified and put into production, the president should not take credit for the decisions and policies put into place by President Bush.

On private land, oil production is booming. In North Dakota, the state is producing 450,000 barrels a day and has an unemployment rate of 3.3%. The lands that are being used to drive this prosperity in North Dakota are privately held. The land is not owned or controlled by the federal government.

No one is denying the need for renewable resources; however, the president has been going out of his way to drive his green agenda and costing the consumers dearly at the pump and grocery store.

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