Mr. H.
Diamond Member
The best way to lower gas prices is open the floodgates for domestic drilling all over the U.S. There are plenty of drilling rigs owned by domestic family drilling services ready to go. Cut drilling regulations as well as refining regulations.
You are really very ignorant or a liar. Of course, the possibility of being both is highly possible.
Tuesday, March 13, 2012
By Neela Banerjee, Los Angeles Times
WASHINGTON -- Against the backdrop of gasoline prices rising at the pump in an election year, a new Obama administration report cites "significant progress" in reducing foreign oil imports and increasing domestic oil and gas production.
The report by six federal agencies was released early Monday on the first anniversary of a speech by President Barack Obama in which he pledged to reduce U.S. dependence on foreign oil imports by one-third in about a decade.
According to the study, the United States reduced net imports of crude oil last year by 10 percent, or 1 million barrels a day. The United States now imports 45 percent of its petroleum, down from 57 percent in 2008, and is on track to meet Mr. Obama's long-term goal, the administration maintains.
Read more: Obama report: Oil imports dropping, domestic production highest since '03
What I find fascinating is how this Adminstration is touting the increased oil and gas production since they took office as if "they" were the ones responsible for that increase. The truth is that oil and gas production has decreased on lands controlled by the Federal Government. The increase in production has come from State and private lands. In reality we've seen an increase in production DESPITE this Administration's policies. In the the future we'll continue to see a decrease in production from Federally controlled lands because of Obama policies.
Righto you are.
And, what's with crediting Obama and/or his policies/administration?
Never has he mentioned the companies that are risking capital and reinvesting profits and utilizing cutting-edge technology to search for/drill for/and produce oil and natural gas in this country.
And furthermore- fully 90% of the oil and natural gas that's drilled/discovered/produced in this country is done so by Independents, NOT major multi-national conglomerates like Exxon or BP. THESE are the companies that Obamas tax policies are aimed at- the smaller businesses. At least $40 Billion in taxes on the Independents are included in Obama's proposed budget. If enacted they will ruin the industry, reduce exploration and production, and increase imports.