U.S. monthly crude oil production reaches highest level since 1998

Energy Information Administration ^ | Dec 4, 2012 | Energy Information Administration

[DKM]

One small side-note to this discussion ...

I have already seen the left taking credit for this increase under Obama.

Yet when the Palin's "drill-baby-drill" campaign was in full swing, all we heard from the left was poo-pooing it because it would take 10 years to bear fruit.

So, using their own argument against them, 10 years ago Bush was in office and should therefore get credit for this uptick in production.

[thackney]

Lots more smaller regional refineries would put gas prices back where they belong

Really? And building smaller less efficient refineries with more crude oil delivery points, farther from the petrochemical sources where they also sell product is going to greatly reduce the cost, below the existing break-even points?

The primary cost factor is the cost of oil. This won't help.

[thackney]

Read the job ads in North Dakota and Texas. We are booming with increased production.

[sport]

If you say so, o.k. But I do not believe anything that I hear from the Government, especially obama’s worshipers.