The Motley Fool Discussion Boards
Retirement Discussions / Retire Early CampFIRE
|Subject: Re: What Romney shoulda said||Date: 11/16/2012 8:33 PM|
|Author: Goofyhoofy||Number: 655606 of 847355|
And they have been created in industries like Oil and Gas production that you, Mr. Obama, have done your best to hinder.
There is no dispute that natural gas production on private lands has increased. Adam Sieminski, head of the U.S. Energy Information Administration, told a congressional subcommittee in August that it went up "by 16.4 billion cubic feet per day" from fiscal year 2005 to fiscal year 2011, which ended September 30, 2011 -- a period that includes parts of the administrations of both President George W. Bush and Obama.
Meanwhile, natural gas production on federal and Indian lands has steadily fallen, a trend that began around fall 2002. This is due to a consistent decrease in offshore gas drilling, though such gas production onshore, on federal lands, is actually higher now than it was at the end of the Bush administration.
Deepwater Horizon might have had a little something to do with the slowdown in permitting on "Federal lands," at least the ones that are underwater.
It's those pesky things called "facts", again.
BTW: projections are that, at the current rates of production and increase, the US will be the #1 oil producer in the world by 2016. One can only wonder how that is possible if Obama and the big bad Federal machinery are doing "everything they can" to slow it down.
|Copyright 1996-2016 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|