Thursday, January 19, 2012

Under Obama, Oil and Gas Production on Federal Lands Is Down 40%

In his announcement rejecting the Keystone XL pipeline today, President Obama boasted that under his administration, “domestic oil and natural gas production is up.” Obama, of course, failed to mention that his administration can’t actually take any credit for the increase.
The vast majority of America’s new oil and gas production is happening on private lands in states like North Dakota, Alaska and Texas.
It’s not that Obama is devoid of responsibility. His administration oversees oil and gas production on federal lands by issuing leases. But when measuring oil and gas production in areas under Obama’s jurisdiction, the numbers tell a different story.
Citing publicly available federal data, the House Natural Resources Committee noted these figures:
  • Under the Obama administration, 2010 had the lowest number of onshore leases issued since 1984.
Despite the Obama administration’s restrictive policies for oil and gas production on federal lands, overall production still increased thanks to the pro-energy policies in states like North Dakota...more

1 comment:

Harley Spoon said...

Someone forgot to mention that there are millions and millions of acres of federal lands already under oil lease; acres that are not being explored or exploited...and these are lands determined to sit above known deposits. The federal government is not in the business of exploratory drilling or exploiting. That is up to those in the business. When they use what they have, maybe it will make sense to make more leases available. Use it or lose it!! The real reason these acres are not being exploited is that the cost of equipment is skyrocketing as the equipment manufacturers and dealer make scalp the producers, not the federal government...