Shocker: Domestic Oil Production Down, Foreign Imports Up

posted at 10:12 am on March 11, 2011 by Jazz Shaw

Fortunately for all of us, the wise energy policies of the Obama administration have us well on the way to a sustainable, secure energy future for our nation. After all, who could argue with a policy where we seek to import less oil from abroad, stifle the domestic production of such resources and do nothing to replace the shortfall?

With that in mind, surely nobody would expect a result like this.

Domestic Oil Production
Foreign Oil Imports

The lack of effective leadership on this vital issue has drawn the ire of a group of conservative leaders who recently provided a summary of just what we can expect in the future if nothing happens. Brace yourselves, as I’m sure none of you could have called this one.

Issue-in-Brief: Continued instability in the Middle East, combined with unprecedented foreign demand for oil and an uncertain economic recovery at home, has left the United States at the mercy of foreign dictators and markets – issues that would be alleviated if the Administration lifted its self-imposed energy freeze and let domestic producers get back to work, particularly in the Gulf. There is an obvious lack of leadership from the Obama Administration.

Demand for Oil is Skyrocketing

  • Since President Obama assumed office gas prices have risen 87%! (From $1.83 to $3.43 and even higher in some states!)
  • Global demand for oil is rising, and the competition for foreign resources has intensified. By 2035, the United States, Japan, OECD Europe, China, and India are projected to need 25 percent more imported oil than in 2005, with China and India accounting for the major portion of that increase.
  • Instead of reaping the economic and social benefits of developing our domestic resources, the Gulf of Mexico (GOM), even despite the recent permit granted by the Department of Interior (DOI), remains closed for business. According to the Energy Information Agency, domestic offshore oil production will fall 13 percent in 2011, a loss of about 220,000 barrels/day, mainly due to the continued lack of permits for the GOM.

Shocking. That’s the only word for it. Who could have imagined that we would have to import more oil from unstable foreign sources if we don’t allow domestic producers to drill for it here? With this in mind, I would like to officially nominate the Obama administration for the Hot Air Capt. Louis Renault Award.

This post was promoted from GreenRoom to HotAir.com.
To see the comments on the original post, look here.


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Comments

I second that nomination!

red131 on March 11, 2011 at 10:14 AM

Somehow, I doubt this will come up if Barry has his press conference on oil today, which was planned before Japan got smacked around.

teke184 on March 11, 2011 at 10:14 AM

Remember over a decade ago, when the voices on the Left told us that it did no good to try to drill for oil in ANWR or get oil from shale and sands out West because it’d take at least a decade before any of that oil would come on line?

Well, here we are, over ten years later…

coldwarrior on March 11, 2011 at 10:15 AM

I’m shocked, I tell you…SHOCKED.

indypat on March 11, 2011 at 10:15 AM

Come on people….
………let’s not be too hard on Mr. Hope and Change…
……………being President of the USA is a really tough job ….
………so tough that apparently he would rather be “President of China”:

(via Drudge)

“Mr. Obama has told people that it would be so much easier to be the president of China. As one official put it, ‘No one is scrutinizing Hu Jintao’s words in Tahrir Square.’



“Obama Seeks a Course of Pragmatism in the Middle East,” The New York Times, March 11, 2011.

Awww….poor whittle baby….
………..having to he held accountable for all of his rhetoric and grandiose promises .

Mr. 57 states is in way over his head and all we get from the useful idiots that stay on bended knee to him are …
….”Obama is like FDR/Reagan/Lincoln/and JFK all wrapped into one”

The quicker we put an end to this National Nightmare of “Hope and Change”…the quicker we can get America back on it’s feet and prosperous again.

Baxter Greene on March 11, 2011 at 10:18 AM

Color me surprised.

NJ Red on March 11, 2011 at 10:20 AM

I’m sure Barry is very happy with the current gas prices. Now if he can only get them a little higher!

GarandFan on March 11, 2011 at 10:25 AM

Notre Dame is looking good, but I still think he’ll go with Ohio State. I hear that bullying is now officially considered bad.

a capella on March 11, 2011 at 10:26 AM

If he allowed drilling here, prices would come down, and people would have little reason to leave the suburbs, where they are much harder to control.

Vashta.Nerada on March 11, 2011 at 10:26 AM

The question is: Are there enough voting enviro-leftists and poor people already on the dole out there to re-elect this guy and allow him to finish off his mission of making us a 3rd world nation?

Tim Zank on March 11, 2011 at 10:27 AM

Count it! Math is racist!

rogerb on March 11, 2011 at 10:27 AM

Can’t we just nominate this guy for the Capt. Louis Renault Lifetime Achievement Award and save the repost space?

Meric1837 on March 11, 2011 at 10:29 AM

and do nothing to replace the shortfall?

C’mon now, it’s not like Barry and co. have nothing to replace the shortfall.

They have their hopes and dreams of solar and wind energy. Sure, it won’t keep your houses heated (or cooled) or your cars running or your factories operating, but Barry can’t be bothered with minor details like that.

It’s green, and that’s what matters (not whether it actually works).

AZCoyote on March 11, 2011 at 10:31 AM

I like that you kept the scale of the two graphs the same. it demonstrates quite nicely how essentially the entirety of the increase in oil imports is due to the Gulf production ban.

steveegg on March 11, 2011 at 10:31 AM


Count it!
Math is racist!

rogerb on March 11, 2011 at 10:27 AM

“It was my understanding that there would be no math involved.”

teke184 on March 11, 2011 at 10:31 AM

The path to energy independence is traveled by becoming more dependent on foreign sources of oil. No, wait, that doesn’t sound right. Hmmm.

Pablo Snooze on March 11, 2011 at 10:32 AM

Chairman Hastings may want to spell check the foreign energy chart…

jondun5 on March 11, 2011 at 10:34 AM

Democrats are not logical.

Cindy Munford on March 11, 2011 at 10:35 AM

It’s hard to see how Obama could weaken this nation more than he is, without alarming the general population to a state of alertness. He’s doing an effective job of it, flying under sympathetic media radar.

paul1149 on March 11, 2011 at 10:35 AM

Casablanca is on my “Desert Island 10″ of movies…

Own it… Watch it… LOVE IT!!

Khun Joe on March 11, 2011 at 10:41 AM

I hate to nit-pick, but really,”foreign imports”?
Are there any other kind?

Hoof Hearted on March 11, 2011 at 10:42 AM

The bad thing is that all of this is a “Mission Accomplished” for The Won.

Cindy Munford on March 11, 2011 at 10:42 AM

It’s a way to pander to rich Saudis (that know how to launder campaign money) and American environmentalists at the same time. Winning!

RBMN on March 11, 2011 at 10:43 AM

Unexpected results?

Mo_mac on March 11, 2011 at 10:43 AM

You know who this helps, of course. It goes without saying. The one possible candidate who has the “New Energy” creds to back it up.

JimK on March 11, 2011 at 10:44 AM

Hey, someone in the WH. Wake O up. He needs to get going to the course before basketball starts around 1:00.

texriot on March 11, 2011 at 10:45 AM

You know who this helps, of course.

JimK on March 11, 2011 at 10:44 AM

Mitt Romney? /ducks

teke184 on March 11, 2011 at 10:48 AM

Jazz, I thought you were a moderate…

beatcanvas on March 11, 2011 at 10:49 AM

Thanks Barry. I’m self-employed,and drive about 60 miles a day.

katy the mean old lady on March 11, 2011 at 10:50 AM

Lucky for me I have 2 battery powered trucks and 1 battery powered car — the sad part — they are 1/32 scale ..

wheels on March 11, 2011 at 10:53 AM

A Good Solid B+.

Jocundus on March 11, 2011 at 10:55 AM

During the dark dinosaur days, Duncie the Dodo Cave-Man invented a simplistic equation

Imports = Consumption – Production

or I = C – P.

Some simplistic soul unenlightened by the Omniscient Brain of Advanced Mathematical Adjustment (OBAMA) may conclude from Duncie Dodo’s equation that if C is constant and P is decreased by a certain difference, I would increase by the same difference.

From Jazz’ graphs, we find that production decreases from 1.64 million to 1.20 million barrels/day, or a decrease of 440,000 BPD.

Imports increase from 9.11 to 9.56 million barrels/day, or an increase of 450,000 BPD.

Gee, a 440,000 decrease in P and a 450,000 increase in I are opposite and remarkably close to being equal. Oh my golly gee-willikers, we can’t possibly believe Duncie Dodo’s equation and infer a cause-and-effect relationship, can we? What a right-wing conspiracy theory perpetrated by EEEEVIL oil companies!!! Must be just a coincidence, right?

Enlighten us, O magnificent OBAMA, and save us from the throes of Duncie Dodo’s conspiracy theory! Even better, if we want to disprove Duncie Dodo, let’s try an experiment: let’s increase P and see what happens to I…

/dripping sarc off

Steve Z on March 11, 2011 at 11:14 AM

I wish they’d correct the spelling of “foreign” in that chart. The Left will just point to it to say we’re a bunch of illiterate ignoramuses.

Thanks Barry. I’m self-employed,and drive about 60 miles a day.
katy the mean old lady on March 11, 2011 at 10:50 AM

Thanks, Barry. My husband drives 120 miles a day commuting to work, and my son drives 40 miles a day to and from school. That’s a minimum of 3200 miles a month, but in reality it’s much more than that.

Buy Danish on March 11, 2011 at 11:23 AM

They will take my incandescent light bulbs away from me over my dead body.

I want more domestic production of oil and enough nuclear power plants built that we don’t need any damn foreign oil. Declaring such a program would bring down the cost of oil immediately and create some darn good jobs for some time to come……………….but, our brilliant president is stuck on stupid. He is still chasing for the illusive green energy, that is not there.

SC.Charlie on March 11, 2011 at 11:58 AM

Domestic Oil Production Down, Foreign Imports Up

Obama disagrees with these facts.

JavelinaBomb on March 11, 2011 at 1:50 PM

But, but…JB is right. My President just said during his Annunciation Of The Word that domestic production is up and foreign imports are down.

Jazz, why are you so racist?

eeyore on March 11, 2011 at 2:07 PM

But…..but……but…..The Won just said in a presser that US production is up, consumption is down (that may be right with this economy), and imports of oil are down! He said it on national TV! It must be true!

Maybe in addition to pooping skittles, the unicorns are pissing oil.

On another topic, the chocolate ration has just been increased again.

iurockhead on March 11, 2011 at 2:45 PM

Shocking. That’s the only word for it.

I prefer “criminal” to describe it. Any elected rep who does not support producing our own national energy reserves for our national security is nothing but a traitor and should be treated as one.

woodNfish on March 11, 2011 at 4:21 PM

text “Red Cross” to 90999

Help Japan people.

JustJP on March 11, 2011 at 5:02 PM