Ray From Cleveland
Diamond Member
- Aug 16, 2015
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More of The Great Obama's legacy the Blob riding
"The irony is that President Obama - who is not viewed as a friend of the oil and gas industry - has presided over rising oil production in each of the seven years he has been in office. (On a separate note, expect that streak to be broken in 2016). From that low point in 2008, U.S. oil production has grown each year to reach 9.4 million bpd in 2015 -- a gain of 88% during Obama's presidency. This is in fact the largest domestic oil production increase during any presidency in U.S. history."
The Irony Of President Obama's Oil Legacy
And yet like the economy, he had nothing to do with it. Most of those gains were on private land via fracking.
95% of land wells are still on private lands.
Obama Administration Approving Only 35 Percent of Gulf Drilling Plans
Obama administration cuts back oil shale development
GOP, Industry Ready To Fight Back Obama’s Regulation On Shale Gas
Obama’s energy legacy: Oil, natural gas production on federal lands tanked