- Sep 19, 2011
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We told you Obama HAD NO business experiences, NO knowledge of economics AND YET he became the
President who directly signs Federal oil leases.
If Obama had not been so uneducated about the economics of gas i.e. here is what HE wanted to see:
"I'd like higher gas prices, just not so quickly.."
and he backs that belief hiring Energy secretary Chu, who said in 2008...
“Somehow we have to figure out how to boost the price of gasoline to the levels in Europe.”
And so Obama signed fewer federal oil leases and production dropped fro 33.8% on Federal lands
to 23% in 2013.
THINK what would have happened in 2008 when Obama took office IF HE HADN"T wanted higher gas prices and put into effect the signing of FEWER oil leases... what would be the price of gas be today given
the tremendous price drop due to production on NON-Federal lands increase!
The cost to the American consumers can be figured!
When Obama took office in 2009 gas was $4.00...
In 2007 the USA used 142 billion gallons of gas.
In 2013 The USA used 132 billion gallons at $2.00/gallon.
How much gasoline does the United States consume - FAQ - U.S. Energy Information Administration EIA
142 billions at $4.00 equals $569 billion spent by consumers for gas in 2007.
134 billion gallons at $2.00 equals $269 billion in 2013.
Think folks.. that is $300 billion WASTED because Obama wanted higher gas prices.
Today the White House proudly supports
Now after 6 wasted years
How Obama Became the Oil President
He once talked of plans to reduce oil consumption—now the US drills more than ever. What happened?
Here are some of the other measures recently taken by the administration to boost domestic oil production, according to a recent White House factsheet:
* An increase in the sales of leases for oil and gas drilling on federal lands. In 2013, the Bureau of Land Management held 30 such sales—the most in a decade—offering 5.7 million acres for lease by industry.
* An increase in the speed with which permits are being issued for actual drilling on federal lands. What's called "processing time" has, the White House boasts, been cut from 228 days in 2012 to 194 days in 2013.
* The opening up of an additional 59 million acres for oil and gas drilling in the Gulf of Mexico, the site of a disastrous BP oil spill in April 2010.
In other words, global warming be damned!
In a turnaround that has gotten next to no attention and remarkably little criticism, President Obama is now making a legacy record for himself that will put the "permanent reduction of our dependence on oil" in its grave. His administration is instead on a drill-baby-drill course to increase production in every way imaginable on US territory, including offshore areas that were long closed to drilling due to environmental concerns.
It costs Americans over $300 billion a year in higher gas prices alone to educate this dummy!
President who directly signs Federal oil leases.
If Obama had not been so uneducated about the economics of gas i.e. here is what HE wanted to see:
"I'd like higher gas prices, just not so quickly.."
Embedded media from this media site is no longer available
“Somehow we have to figure out how to boost the price of gasoline to the levels in Europe.”
And so Obama signed fewer federal oil leases and production dropped fro 33.8% on Federal lands
to 23% in 2013.
THINK what would have happened in 2008 when Obama took office IF HE HADN"T wanted higher gas prices and put into effect the signing of FEWER oil leases... what would be the price of gas be today given
the tremendous price drop due to production on NON-Federal lands increase!
The cost to the American consumers can be figured!
When Obama took office in 2009 gas was $4.00...
In 2007 the USA used 142 billion gallons of gas.
In 2013 The USA used 132 billion gallons at $2.00/gallon.
How much gasoline does the United States consume - FAQ - U.S. Energy Information Administration EIA
142 billions at $4.00 equals $569 billion spent by consumers for gas in 2007.
134 billion gallons at $2.00 equals $269 billion in 2013.
Think folks.. that is $300 billion WASTED because Obama wanted higher gas prices.
Today the White House proudly supports
Now after 6 wasted years
How Obama Became the Oil President
He once talked of plans to reduce oil consumption—now the US drills more than ever. What happened?
Here are some of the other measures recently taken by the administration to boost domestic oil production, according to a recent White House factsheet:
* An increase in the sales of leases for oil and gas drilling on federal lands. In 2013, the Bureau of Land Management held 30 such sales—the most in a decade—offering 5.7 million acres for lease by industry.
* An increase in the speed with which permits are being issued for actual drilling on federal lands. What's called "processing time" has, the White House boasts, been cut from 228 days in 2012 to 194 days in 2013.
* The opening up of an additional 59 million acres for oil and gas drilling in the Gulf of Mexico, the site of a disastrous BP oil spill in April 2010.
In other words, global warming be damned!
In a turnaround that has gotten next to no attention and remarkably little criticism, President Obama is now making a legacy record for himself that will put the "permanent reduction of our dependence on oil" in its grave. His administration is instead on a drill-baby-drill course to increase production in every way imaginable on US territory, including offshore areas that were long closed to drilling due to environmental concerns.
It costs Americans over $300 billion a year in higher gas prices alone to educate this dummy!
