...President Barack Obama claimed that under his administration, oil production in America was “at an eight-year high,” that the number of operating oil rigs had quadrupled, and that millions of acres had been opened for drilling, which were assertions that did not present all the facts, said energy experts
... “In classic fashion, he’s using a technicality to skirt the facts and keep the myth of energy scarcity alive,” the IER email said. “The reality is that the U.S. has enough recoverable oil for the next 200 years, despite only having 2 percent of the world’s current proven oil reserves.”
... “Declaring that “the U.S. has only 2% of the world’s oil,” which Obama has done, “is akin to saying that the only gasoline we will have is that which is in our tanks,” said IER.
... 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.
There's a very simple reason for the price of petroleum, by the way:
“The problem is that we have had no plan in this country to take care of ourselves. We have been living off imports for most of the last 30, 40 years,” Hofmeister said.
“And while we are in a nation that has more oil than Saudi Arabia, that has more oil than we’ll ever need, we have a government policy, Republican and Democratic governments alike, that have prohibited oil companies from accessing natural resources in this country,” he said.
He also said that American consumers are paying more at the pump because “we haven’t had a plan to produce domestic energy,” adding that “we’ve imported it for too long.”
That guy happens to be a registered Democrat, folks.
I give up. You're a brick wall.
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