Wallace on FOX talks to Plouffe.
Wallace reminds Plouffe that obama blamed Bush about the rising gas prices. LOL - great video. Okay, why isn’t obama not responsible now?
Plouffe - we have to drill, etc..., BUT, then we have to quickly move to Wind, Solar, Etc. (oh for heavan’s sake, what a moron)
Wallace shows numbers that almost all of the increase in drilling since 2007 is only happening on private land. obama is taking credit for something he has no right to. Another lol .
Half-truth #1: Oil production is the highest it has been in eight years.
Increased oil and gas production in the U.S. is a great development, but this is a result of increased production on private lands in North Dakota, Texas, and Alaska. On federal lands and offshore, the story is much grimmer. Production on federal lands and offshore could have yielded more output, increasing supply and therefore putting downward pressure on oil prices. Poor administrative decisions—such as refusing to open areas to exploration and production, cancelling or delaying lease sales, and the offshore drilling moratorium and subsequent “permitorium”—significantly reduced oil production, destroying jobs and reducing economic activity in the process.
If there is an economic interest to produce this oil, Washington should allow companies to do so. In North Dakota, oil production is booming and unemployment is low. There should be more stories like this.
Half-truth #2: Increasing oil production takes too long and would not impact the market for at least a decade.
This has been the mantra of the anti-drilling crowd for years, and the longer politicians listen to the message, the longer the nation’s oil resources will remain undeveloped. If access to areas that are currently off limits is increased, it will take time to explore and extract that oil. But that does not change the fact that the nation needs it today and also in the future. Furthermore, some of this oil can reach the market in much less than a decade if the permitting process is streamlined and the Keystone XL pipeline—which could bring up to 830,000 barrels of oil per day from Canada to the Gulf Coast refineries—is built.