Monday, March 12, 2012

Obama - Gas Prices, We Made Progress

Obama on gas prices: 'We have made progress'

Washington Examiner -- In a statement today, President Obama insists that under his administration, America has "reduced its reliance on foreign oil" and "increased domestic production." But at this point, there appears to be no strategy to tackle this monster political issue heading into the 2012 elections.

"(W)e have made progress, with imports of foreign oil decreasing by a million barrels a day in the last year alone," Obama said. "Our focus on increased domestic oil and gas production, currently at an eight year high, combined with the historic fuel economy standards we put in place, means that we will continue to reduce our nation’s vulnerability to the ups and downs of the global oil market."
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Blog author's comments - Obama expects us to believe him. Today it’s about oil; tomorrow he’ll be telling us how much he cares about Israel.

What Obama has done is thrown away billions of dollars trying to get rid of fossil fuels. If he wanted real progress why did he lobby the Senate Democrats last week to vote against the Keystone pipeline project?

Domestic production is higher in spite of, not because of the Obama administration's policies. The higher production comes from increased drilling on private lands. Oil production on federal lands is down by 11% and natural gas down by 6%.

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