Posted on 02/15/2018 6:01:03 PM PST by MarvinStinson
"We are running out of oil," US political leaders told us. "We can't compete with OPEC. We can't drill our way out of this."
In 2012, no less an authority than Barack Obama said that increased production by increased drilling – "drill, baby, drill," he called it – was not a plan, but rather "a bumper sticker." Obama assured, "We can't just drill our way to lower gas prices."
But widely unreported during the Obama years is that advances in two technologies most responsible for increased drilling efficiency – industrial fracturing (aka fracking) and horizontal drilling – were creating a revolution in the U.S. energy industry. Production became much more efficient.
Obama later tried to take credit for the results – conveniently leaving out that due to his extreme reluctance to permit drilling on federal land, all of the increase in production came from private and state-owned land.
The same goes for natural gas. The number of leases granted by Obama's Bureau of Land Management to drill for oil on federal land under Obama was far lower than any of the four previous presidential administrations.
In spite of Obama's restrictive energy policies, by 2015, the U.S. was the top producer of natural gas in the world, producing about 20% more than runner-up Russia.
Donald Trump arrived with a very different energy policy in mind from that of Obama. He wants to increase production by repealing Obama's fracking rules and make more federal land available for drilling – he even included opening up ANWR to drilling for the first time ever, as part of the tax reform bill he signed into law in December 2017.
As a result of Trump's policies, the U.S. is about to overtake Saudi Arabia and Russia to become the world's top oil-producer by 2019.
(Excerpt) Read more at americanthinker.com ...
Once again a lib is proven incorrect.
“We can’t drill our way out of this.”
Never trust Experts.
Awesome article - will reference this when the Trump haters attack at work.
Always the smartest wiseass in the room...
One thing you got to admire about Obama is it whenever he makes a prediction it’s Fairly reliable that he will be wrong.
In addition to predicting peak oil Obama also predicted Peak economy and in both cases did everything he could to make sure his predictions came true.
Still it was comforting to hear him say these things simply to know he was wrong.
Fracing and horizontal drilling have been around for a long time
Right up there with “you didn’t build that”. What a pretentious ignorant ass-clown.
Peak oil! Peak oil! The sky is falling!!
“Those jobs are never coming back” sayeth the mocha mullah.
And Kerry said 15 years ago not to drill in ANWR because it would take 10 years to greet the oil. Liberals are despicable.
Once again a lib is proven incorrect.
—
Their stupidity is amazingly consistent.
Hmmm...what if he was a muzzie to begin with?
Might check out.
Zer0 was never right about anything. Even a poor decision for a portrait. Big or small, he’s wrong.
Coal gasification could replace a large portion of diesel fuel.
And they never let something as being 100% wrong change their minds.
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