Obama’s Policies Have Reduced Domestic Off Shore Oil Production By 13%

Never in the history of humanity has a more idiotic plan been put forward and sold with bigger lies. Energy is the key stone to any and every economy, be it man power, animal power, wood or coal or nuclear. How else does one power industry that makes human life better (unless of course its making the bombs that end that human life, but that’s a different topic). Never in history, with the exception of the Japanese self imposed isolation in the 1600s, did a government actively force its people away from economic activity and industry.

Even the Soviets never created such idiocy.

Stanislav Mishin, 10-19-2009 Pravda.ru

With gas prices solidly above $3.00/gal (in South East Michigan) and the national average above $3, it is an appropriate time to review the results from the first two years of Obama’s oil policy.

Since Obama too office, gas prices has risen sharply. In the last two years gas has risen 55%.

But as two time Super Bowl winning coach Bill Parcells says, “You are what your record says you are.” And the facts are these: during the first two years under President Barack Obama, gas prices have risen 55%. You can compare that to the 5% drop in gas prices during the first two years of President Bush’s term or the 2% drop under the first two years of President Clinton’s term. Neither President Bush nor President Clinton had perfect energy policies. But neither of them appointed an Energy Secretary who wanted Americans to pay $9 for a gallon of gas either.

Steven Chu supported raising gas prices to European levels thereby ‘encouraging’ conservation:

In a sign of one major internal difference, Mr. Chu has called for gradually ramping up gasoline taxes over 15 years to coax consumers into buying more-efficient cars and living in neighborhoods closer to work.

“Somehow we have to figure out how to boost the price of gasoline to the levels in Europe,” Mr. Chu, who directs the Lawrence Berkeley National Laboratory in California, said in an interview with The Wall Street Journal in September.

Of course Obama doesn’t need to increase taxes to reach his goal. He and his Interior Secretary, Ken Salazar can drive up prices with blanket oil drilling bans.

In fact, when DOI Secretary Ken Salazar had his list of recommendations for the President reviewed by the seven experts from the National Academy of Engineering, those experts rejected the offshore drilling moratorium, saying, “A blanket moratorium is not the answer. It will not measurably reduce risk further and it will have a lasting impact on the nation’s economy which may be greater than that of the oil spill. We do not believe punishing the innocent is the right thing to do.”

The uncertainty alone caused by the White House has brought offshore drilling to a halt and thus is having very real effects on the Gulf’s economy. This is not the time for political games. The Administration needs to listen to the two court rulings rejecting a ban on drilling and let the Gulf’s economy recover.

Obama’s war on oil policies have resulted in a 13% reduction of domestic off shore oil production:

The slowdown also has long-term implications for U.S. oil production. The Energy Information Administration, the research arm of the Department of Energy, last month predicted that domestic offshore oil production will fall 13% this year from 2010 due to the moratorium and the slow return to drilling; a year ago, the agency predicted offshore production would rise 6% in 2011. The difference: a loss of about 220,000 barrels of oil a day.

Think about the opening quote again. “Energy is the key stone to any and every economy, be it man power, animal power, wood or coal or nuclear. How else does one power industry that makes human life better.”

Obama using executive orders has reduced our domestic off shore oil production by 13% in one year. How does that help our economy?

With actions like these (and many others) it is hard not to conclude that Obama is ‘hell-bent’ on weakening America.

Comments
  • 5etester January 8, 2011 at 5:28 pm

    You don’t even need to ponder this to know his intentions as he has been crystal clear all along. Going “green” is a higher priority to the progressives than productivity and a strong economy. He said “Under my plan of a cap-and-trade system, electricity rates would necessarily skyrocket.”

    Looks like everything is going according to plan so far.

    • steve January 8, 2011 at 5:56 pm

      Like you said, before the election he said “we can’t keep our homes at 72 deg… We can’t drive large SUV’s.” And now we have measured data that he is succeeding.

  • John Carey January 8, 2011 at 5:48 pm

    I agree with 5etester on this. This is designed to do exactly what it is doing. He knows it.

    • steve January 8, 2011 at 5:57 pm

      We knew Obama’s intentions before the 2008 election. Now we have actual measured results.

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