Ray From Cleveland
Diamond Member
- Aug 16, 2015
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Why did the US Oil patch increase production 70% + under Obama.
"Under Obama, the steady drop in U.S. oil production which had occurred virtually unchecked since 1971 has been reversed. Crude oil production has risen every year of his administration. It has jumped 72% since he took office, producing about 3.6 million additional barrels a day during that time."
Why U.S. oil production is booming under Obama's watch
Decades of declining oil production has been reversed since Obama took office, leading to the largest increase in the nation's history.money.cnn.com
It was the advancement of fracking. They found more productive ways to do horizontal drilling.