- Sep 19, 2011
- 28,463
- 10,041
- 900
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)
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)
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