FACT about Federal land oil production DOWN.. costing USA..$3.4B in royalities WHY???

Discussion in 'Politics' started by healthmyths, Mar 15, 2012.

  1. healthmyths
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    healthmyths Gold Member Supporting Member

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    So where is Obama getting his FACTS???
    Table 1. Fossil fuel sales of production from Federal and Indian Lands, FY 2003 — FY Year barrels increase/decrease
    2003 714,285,714
    2004 696,428,571 -17,857,143
    2005 678,571,429 -17,857,143
    2006 607,142,857 -71,428,571
    2007 642,857,143 35,714,286
    2008 589,285,714 -53,571,429
    2009 660,714,286 71,428,571
    2010 767,857,143 107,142,857
    2011 660,714,286 -107,142,857

    So Obama says there is MORE production then in 7 years???

    YEA on Private land... BUT WHAT ABOUT FEDERAL LAND?

    And guess what?
    The USA would have received a $34 a barrel royalty and
    because of Obama's hatred of oil profits and oil companies lost $3.64 billion in royalties on the reduction of 107 million barrels in 2011!
    WHY????
    U.S. federal oil and gas royalties - SourceWatch


    Analysis & Projections - U.S. Energy Information Administration (EIA) - U.S. Energy Information Administration (EIA)
     
    Last edited: Mar 15, 2012
  2. healthmyths
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    healthmyths Gold Member Supporting Member

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    And remember.. in 2011 Oil production on Federal lands DECREASED by 107 million barrels!
    WHY and where did the OIL come from to make up the 107 million barrels that could have come from Federal lands and paid $3.4 billion in royalities???
     

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