Obama's energy website indicates that under his administration oil and gas production has been on the rise in nearly every region of the country, oil rigs in operation are proliferating, domestic production of crude oil is on track to surpass imports for first time since 1995. Isn't that wonderful?
During his second presidential campaign, Obama declared: "Under my administration, America is producing more oil today than at any time in the last eight years." (See HERE)
Yet, "The increase in domestic drilling was almost entirely in areas for which the Obama administration exercised no authority, as oil production on federal land declined by 11 percent in fiscal year 2011, according to a study by the Institute on Energy Research (IER), a free-market energy think tank. But oil production on state lands increased that year by 14 percent and increased by 12 percent on private lands. 'A lot of the wells that were supposed to be drilled weren’t because of the moratorium,' Dan Kish, senior vice president for policy at the IER, told CNSNews.com. 'Drilling is up in the U.S. on lands he [Obama] has no say over. On lands he has all the say over, drilling is down.'" (See HERE and HERE and HERE)
Elsewhere Dan said: "Even though the federal government, between its onshore and offshore lands, owns more acreage than all private and state lands in the U.S. combined, last August the Congressional Research Service found that 96% of the increased production in oil over the last five years came from those private and state lands. Thanks to current government policies, only the very largest companies can survive the bureaucratic and legal hassles of operating on federal lands. Although they belong to taxpayers, regulators behave as if they are the king’s lands and waters, which no one dare touch....The president is quick to take credit for an increase in oil and gas production that is happening everywhere but on his lands, but accepts no responsibility for those areas where he has any control. In those areas the record is abysmal...Last year the U.S. increased oil production faster than at any time since the first oil well was drilled in 1859…that was prior to the Civil War. Yet while this year’s estimated increase will be larger, chances are that production on government lands will continue to fall. If that isn’t positive proof that the government is holding back U.S. economic growth, then I don’t know what is." (See HERE)
Left-leaning FactCheck.org indicates: "Obama was wrong when he told Romney it’s 'just not true' that domestic oil production on federal lands is down 14 percent and gas production has fallen 9 percent in one year. Production of oil and natural gas on federal lands and in federal waters did indeed fall by those percentages as Romney said, although Romney erred in saying the drops took place 'this year.' The decreases occurred in fiscal year 2011." (See HERE)
Investors.com indicates: "What about Obama's companion boast — that his energy policies have spurred increased domestic oil production? That dog won't hunt, either. He claims he's opened up more offshore areas to drilling; but in fact, he's scaled back leasing in the Atlantic and Gulf of Mexico. And the entire Pacific Coast is still off-limits. Energy Department data show oil production on federally controlled offshore areas is down. On federal lands, it's flat. The only reason oil production is up today is thanks to drilling on private and state lands." (See HERE)
Worse yet, "According to a study by Washington-based Advanced Resources International, Obama's new regulations would reduce domestic oil production by up to 37%. There are lies, damned lies, and then there are Obama's charts." (See HERE)
For an explanation as to why these Leftist energy LUNCs occur, please see: Gov: Wrong Tool for the Right Job - Introduction and Cold Nanny as well as The Politics of Compassion, Emotions, Ignorance, Denial, Blame-Shifting, and Victimization