#8 - Domestic oil production has indeed sky-rocketed, and that is a good thing. Did Obama’s policies have ANYTHING to do with the expansion? Not in the least —the technology of fracking was responsible, the effort of American petroleum engineers. Obama’s energy secretary is on record, looking forward to gasoline costing $10 per gallon, something highly unlikely if American energy production were now at levels prevailing six years ago. Oil production has expanded IN SPITE of Obama’s policies, not because of them.
I remember that Reagan and Bush Sr were in office when fracking was first recognized as a possibility to tap shale. It took high oil prices and private industry to make it happen.
I remember reading about this in magazines, they said the technology was nearly production ready, all they needed was sustained oil prices above 40-50 dollars for it to be profitable.