Quote:
Originally Posted by Fundguy1
You are correct on oil production and natural gas production falling on federal lands. But your context is wrong. Oil production of federal oil production dropped, which was a much larger slice of total us oil production than private production was of us production.
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Again, I challenge you to explain why then if oil prices were relatively stable for 30 years why at precisely when Obama took office did they double and remain so since?
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Complete baloney.
Here's the facts, from the pdf I linked in point 2 above:
Millions of barrels of crude production from US federal lands by year and as a % of total US production:
2006 - 572 Million barrels making 31.3% of the total.
2007 - 618 Million barrels making 33.3%
2008 - 565 Million barrels making 30.7%
2009 - 647 Million barrels making 33.9%
2010 - 722 Million barrels making 36.4%
In the first two years of Obama's term, crude production from federal lands increased dramatically. The increase in oil prices has nothing to do with the fictitious claim that Obama reduced production from federal lands.