Reminder: Oil and gas production just keep falling under President Obama

posted at 5:21 pm on October 12, 2012 by Erika Johnsen

President Obama certainly knows how to talk a good game when it comes to energy policy; to the low-information layman, “all of the above” sounds like a superficially excellent plan. Work on green energy development, but keep the traditional fuel production comin’ — it’s the best of both worlds, right? Except that that’s not what the Obama administration has done at all. While the feds have poured billions upon billions of taxpayer dollars into picking economic winners and losers in the clean-energy field, Obama’s EPA/Energy/Interior team have waged a regulatory war on the coal industry and only allowed for relatively scant permitting for drilling projects.

Obama & Co. are big fans of taking credit for the increase in oil production that’s taking place on the domestic scene right now, but the credit is actually due to permits issued under President Bush (one of the few things he’s unwilling to credit to the “previous administration,” heh) and increased production on private and state lands. As Daniel Kish detailed in USNews yesterday, the Energy Information Administration recently released its Annual Energy Review 2011, and it demonstrates just how much Obama’s policy isn’t so much “all of the above” as “nothing from below”:

In reality, data shows that oil and gas production is actually falling on federal lands. Offshore oil production was the lowest since 2008, and natural gas production on federal lands was the lowest since 2003. Coal production on federal lands has fallen as well. Coal production was the lowest since 2006. Energy Information Administration also reports that 2011 had the highest average price for gasoline in U.S. history, and 2009-2011 has seen the highest average real electricity prices since the early 1990s.

What the record shows is that energy production is happening in spite of the president’s polices, not because of them. Instead, the federal government’s policy has been to restrict access to the 2.46 billion acres of onshore and offshore energy lands—lands that hold the greatest untapped resource potential—thereby denying their use to the people who own these resources.

While it is unfair to suggest than any president can control the global demand that’s leading to rising gasoline prices, the president could at least mitigate them by signaling to speculators that a greater supply is on the way. What’s more, getting in on a larger market share of these rising oil prices and taking advantage of the job creation, economic growth, and government revenue that would come with tapping into our wildly abundant natural resources means that rising gasoline prices wouldn’t have quite such a devastating impact.

As it is, the Obama administration’s drilling restrictions and regulatory warfare mean that we’re in for those “necessarily skyrocketing” energy prices, and if he wins a second term, I suspect that we’ll see him start really pushing for a national renewable portfolio standard — i.e., requiring energy supply companies to use a specified supply from renewable sources, despite the expense — which is definitely more bad news bears for our economy.


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Please run ads in Penn and Ohio with this info.

Oil Can on October 12, 2012 at 5:24 PM

Part of Romney’s 12 million new jobs will come in this sector without requiring a stimulus of government dollars.

KW64 on October 12, 2012 at 5:26 PM

0

Bmore on October 12, 2012 at 5:26 PM

I understand BHO, God have mercy on me!

Although he takes credit for all the oil and gas, he never denies that all the production is going on in spite of him. He just uses the high production figures to shut up the free market fans while trying to make it stop to save the environment.

Moreover, I am sure he has thought of the fact that if gasoline goes to $20 a gallon, the Volt looks much better.

IlikedAUH2O on October 12, 2012 at 5:28 PM

Only a complete jerk hates on the poor so much that he tries to make life way more expensive than they can afford.

And that goes for his yappy grinning sidekick too.

beatcanvas on October 12, 2012 at 5:29 PM

He’s taking a balanced approach to destroying wealth creation.

forest on October 12, 2012 at 5:33 PM

I suspect that we’ll see him start really pushing for a national renewable portfolio standard — i.e., requiring energy supply companies to use a specified supply from renewable sources, despite the expense — which is definitely more bad news bears for our economy.

If for some reason Jugears does get re-elected, one of my John Galt actions will be to take maximum advantage of subsidies for solar energy panels and have them installed on my house on my and my fellow taxpayers’ dime. Because if he gets re-elected, I expect not only that electricity will skyrocket in price, I expect that supply will become increasingly unreliable. All of the actions being taken by this administration, particularly through the EPA point to a desire to have our highly reliable electrical grid turned into a third world evenings and alternate Thursdays level of reliability.

AZfederalist on October 12, 2012 at 5:33 PM

Where are we with Keystone—either R or R mentioned it at all in the debates? Seems like we should be hammering the production of oil aspect plus jobs created big time…

hillsoftx on October 12, 2012 at 5:34 PM

Gas is up, which in turn has spiked energy prices, fuel, and a huge increase in goods and services-handed down due to those costs. It impacts a great many things. I am paying much more for groceries, house hold necessities,gas, and utility bills. 5^ effer.

Talk about hitting the middle class and poor.
Viva Brazil!
Cuba drilling right off Florida..good times.

bazil9 on October 12, 2012 at 5:41 PM

While the feds have poured billions upon billions of taxpayer dollars into picking economic winners and losers in the clean-energy field, Obama’s EPA/Energy/Interior team have waged a regulatory war on the coal industry and only allowed for relatively scant permitting for drilling projects.

FIFY. Based on what he said in the debate, Mitt Romney agrees.

Steve Z on October 12, 2012 at 5:42 PM

He’s stuffing the pockets of his cronies at Haliburton!

Ben Hur on October 12, 2012 at 5:42 PM

HA provides a wealth of information about the corruptness of our government officials. I only became aware of HA in 2008. I’m wondering if it will continue its hard hitting stories after Romney takes over if it will turn into the MSNBC of the right.

rjl1999 on October 12, 2012 at 5:46 PM

MeanWhile,on Regulations,Hopey got Door-Stopped!!

Roll Call Vote:

H R 3409 RECORDED VOTE 21-Sep-2012 12:08 PM
QUESTION: On Passage
BILL TITLE: To limit the authority of the Secretary of the Interior to issue regulations before December 31, 2013, under the Surface Mining Control and Reclamation Act of 1977

http://clerk.house.gov/evs/2012/roll603.xml

canopfor on September 22, 2012 at 2:34 AM

canopfor on October 12, 2012 at 5:47 PM

Too bad this isn’t an election year…

Seven Percent Solution on October 12, 2012 at 5:48 PM

Where are we with Keystone—either R or R mentioned it at all in the debates? Seems like we should be hammering the production of oil aspect plus jobs created big time…

hillsoftx on October 12, 2012 at 5:34 PM

Shhhh! I believe R the 1st has said that is one of the things he will sign on day one, but, Oh look! What a cute little squirrel!

Chewy the Lab on October 12, 2012 at 5:49 PM

This can’t be true! Didn’t Unca Joe just laugh this off last night?

Dack Thrombosis on October 12, 2012 at 5:55 PM

**************** ALERT ******************

Romney/Ryan in Ohio!

Live Feed(Not sure if its Live)

http://www.breakingnews.com/topic/2012-elections

canopfor on October 12, 2012 at 5:56 PM

Please run ads in Penn and Ohio with this info.

Oil Can on October 12, 2012 at 5:24 PM

Romney’s been running a terrific ad here in NH that is state-specific on the energy issue, correctly noting that our state pays more for electricity than 46 of the 50 states, and that home heating oil costs here have gone up over 50% since O’bamna came in. Not to mention gas costs twice as much per gallon now as it did then.

Ironically, one of the reasons NH’s electricity costs are thru the roof is thanks to the Democrats who ran our power company out of business about 20 years ago, simply because they hated nuclear power.

Del Dolemonte on October 12, 2012 at 5:57 PM

Somebody ask California how they like those $6.00 a gallon gasoline prices… If that somebody were smart enough to be Romney, and he were smart enough to suggest that Obama has done NOTHING to bring those prices down… Well, California would probably vote overwhelming for Romney afterwards.

Joe Biden, Paul Ryan and Bibi’s “Red Line” time line.

SWalker on October 12, 2012 at 5:58 PM

I’m wondering if it will continue its hard hitting stories after Romney takes over if it will turn into the MSNBC of the right.

rjl1999 on October 12, 2012 at 5:46 PM

Your concern has been careful noted, you are dismissed…

SWalker on October 12, 2012 at 6:00 PM

He’s stuffing the pockets of his cronies at Haliburton!

Ben Hur on October 12, 2012 at 5:42 PM

Believe it or not, O’bamna got many donations from Halliburton employees in 2008, including hefty ones from a Senior VP. He also gave the firm a No-Bid Contract in Iraq, but then quickly cancelled it because he was afraid of the fallout. It was never reported by the Democrat Media and has been whitewashed completely.

Del Dolemonte on October 12, 2012 at 6:00 PM

demonstrates just how much Obama’s policy isn’t so much “all of the above” as “nothing from below”

Obama has a balanced energy plan. Make everything expensive.

STL_Vet on October 12, 2012 at 6:01 PM

HA provides a wealth of information about the corruptness of our government officials. I only became aware of HA in 2008. I’m wondering if it will continue its hard hitting stories after Romney takes over if it will turn into the MSNBC of the right.

rjl1999 on October 12, 2012 at 5:46 PM

Dante called. Wants his Maypo.

-2

Del Dolemonte on October 12, 2012 at 6:01 PM

…YOU LIE…!!!
JugEars!

KOOLAID2 on October 12, 2012 at 6:01 PM

But don’t worry: according to ABC News today the Interior Dept. made available thousands of acres of land for solar panels in the west.

ptcamn on October 12, 2012 at 6:01 PM

That idiot in the White House gets four more years, the economy WILL tank.

GarandFan on October 12, 2012 at 6:01 PM

I think Obama meant ‘All of the above’ ground resources which would be wind and solar.

Wigglesworth on October 12, 2012 at 6:02 PM

But don’t worry: according to ABC News today the Interior Dept. made available thousands of acres of land for solar panels in the west.

ptcamn on October 12, 2012 at 6:01 PM

No problemo… Just because it would take covering the entire states of Arizona and Nevada to produce enough electricity to keep Los Angeles County going… At half it current consumption rate…

SWalker on October 12, 2012 at 6:04 PM

It’s not just supply/demand, but also the value of your currency used to purchase that energy.

Wigglesworth on October 12, 2012 at 6:06 PM

*************** CORRECTION ******************

IT IS LIVE!

Live video: Mitt Romney, Paul Ryan hold a campaign rally in Lancaster, Ohio – @NBCNews

2 mins ago by editor

http://www.breakingnews.com/topic/2012-elections

canopfor on October 12, 2012 at 6:06 PM

No problemo… Just because it would take covering the entire states of Arizona and Nevada to produce enough electricity to keep Los Angeles County going… At half it current consumption rate…

SWalker on October 12, 2012 at 6:04 PM

Exactly! Who uses this thing called “energy” anyway?

ptcamn on October 12, 2012 at 6:06 PM

All the green energy boondoggles, by virtue of the heavy govt subsidies that they require, are economic losers.
Someone PAC needs to do a whole minute long ad making O’s war on energy clear to the public. Yes, it’s justified on the pretext of climate change.
Also, the shuttering of coal plants, on top of hitting several heartland states real hard, is part of O’s attempt to greenify our grid like Europe has been doing at extreme cost. This greenification of the grid, if it continues unabated for another 4 years because of another O term, could spell disaster for us. People need to know what the risk is if O continues with the greenification of the grid. Look what’s happening in England: http://www.telegraph.co.uk/earth/energy/9590135/Millions-of-British-households-face-blackout-warns-Ofgem.html, an excerpt:

The regulator’s new analysis reveals the risk of power-cuts is almost 50 per cent in 2015..
It predicts Britain will face power shortages because old coal and oil plants are being forced to shut down under the European Union’s environmental regulations. This will partly be replaced by [ineffectual] wind farms…

anotherJoe on October 12, 2012 at 6:18 PM

canopfor on October 12, 2012 at 5:47 PM

Thanks, canopfor! I needed that. :-)

Mary in LA on October 12, 2012 at 6:21 PM

canopfor on October 12, 2012 at 5:47 PM

Thanks, canopfor! I needed that. :-)

Mary in LA on October 12, 2012 at 6:21 PM

Mary in LA:Anytime,its stop and starting at my end,I’m trooping
through it!:)

canopfor on October 12, 2012 at 6:34 PM

…I only became aware of HA in 2008. I’m wondering if it will continue its hard hitting stories after Romney takes over if it will turn into the MSNBC of the right.

rjl1999 on October 12, 2012 at 5:46 PM

If you can even ask that question, you couldn’t have been here in 2008. We were drawing blood on each other all through that primary season over McCain being just what we need/not conservative enough/a spineless wimp, or Sarah Palin being just what we need/too inexperienced/a dumb attention-whore, etc. etc. It wasn’t pretty.

Most lefties think that all conservatives think in lock-step. If you are an open-minded moderate, I should let you know that this is far from true. If you are a closed-minded leftie, I encourage you to please persist in this delusion.

And if you are a troll, then please ignore my response.

Mary in LA on October 12, 2012 at 6:46 PM

A big point to be sure, but only half of the equation. More refineries are needed. The last refinery of significance went on-line in 1977. Every time a refinery encounters a problem, gas jumps $0.25/gallon (or more). Pulling oil out of the ground faster and in greater quantities means nothing if our ability to process it into more useful products is so limited.

Left Coast Right Mind on October 12, 2012 at 6:47 PM

Yes, O justifies his war on energy because of gwarming er climate change. But, for two irrefutable reasons, agw is bunk. 1. Contrary to what the ipcc’s DEBUNKED hockey stick graph leads you to believe, there is nothing unusual about current temperatures. Indeed, there is nothing wrong with the climate. Further, 2. Contrary to the ipcc claim of a causal correlation between CO2 & climate temperatures, there is no evidence for causal correlation. None. See Al Gore called out for repeating the bogus ipcc claim about CO2 in this must see 3 minute video: http://www.youtube.com/watch?v=WK_WyvfcJyg&info=GGWarmingSwindle_CO2Lag
And another thing… Would it be doubling down on denial if we were to say that most of these climate “scientists” are leftist activists, who, after 1990 anyway, could not get into their doctorate programs without accepting the tilted science of the Chicken Littles? No. It’s kind of counter-intuitive, but it is logical, a climate scientist as a general rule, because of their inherent bias as I described, cannot be considered credible on the subject of… the climate! Not joking.

anotherJoe on October 12, 2012 at 7:04 PM

A big point to be sure, but only half of the equation. More refineries are needed. The last refinery of significance went on-line in 1977. Every time a refinery encounters a problem, gas jumps $0.25/gallon (or more). Pulling oil out of the ground faster and in greater quantities means nothing if our ability to process it into more useful products is so limited.

Left Coast Right Mind on October 12, 2012 at 6:47 PM

Quite correct;

What we really need is something like massrighty’s five point energy plan:

1. Drill/mine/extract every possible resource, from wherever we own it.
2. Build refineries in strategic locations: currently, we move unrefined product to refineries, then move the same product back over the same path to get to the points of distribution/use. Dumb, expensive, not very green!
3. Any alternative energy resource (wind, solar, water, pigsh!t,) gets a reduced/streamlined permitting process, and no subsidies of any kind. Let’em sink or swim on their own.
4. Nuclear
5. Any aid to any OPEC country (I’m looking at you, Mexico, and your pals over in the sandbox, too;) will be held back until negotiated discounts are arranged. Wanna be pals? Act like it!

massrighty on October 12, 2012 at 7:16 PM

Your concern has been careful noted, you are dismissed…
SWalker on October 12, 2012 at 6:00 PM

That’s the type of response I expected from your type.

rjl1999 on October 12, 2012 at 7:36 PM

Mary in LA on October 12, 2012 at 6:46 PM

Thank you for a reasoned response. I am a moderate but I come here because I can get the truth. I was referring to the stories/topics posted here. ..wondering if they will continue to expose corruption in the administration even if it is being run by an R.

rjl1999 on October 12, 2012 at 7:44 PM

Every time the Demmies say that this oilfield or that won’t put a dent in things exacerbates the problem. It takes a few years to bring a project online. We could be awash in Alaskan oil now if they hadn’t stopped it. And the coal mining jobs pay BIG. It all adds up to how Obama is killing this economy — via jobs, higher incomes, higher gas prices. We’re truly doomed if we re-elect this moron.

And Ken Salazar had better not set foot in Colorado again. His dream job is governor here. I hope we’ve seen enough of him.

COgirl on October 12, 2012 at 8:06 PM

Simply unshackle industry, and no stimulus will be required.

If only the GOP would quit letting the Left define the terms of the conversation.

As Thomas Sowell said the first time he heard Chris Christie speak, “Wow, an articulate and combative Republican!”

Freelancer on October 12, 2012 at 8:50 PM

The fact remains that we still need more new refineries. I’m all for opening up oil drilling, but the gas price can only be brought down by increasing supply. With every refinery running at or near capacity, nothing will change until, there are more refineries producing the gas. Technology has given this country an astounding growth in supply of oil. This will accomplish what the government allows. New refineries to go along with the increase of oil, will produce a recovery that all Americans can benefit from. The Pres. telling the EPA & the other regulatory agencies, that have been choking the oil industry, is your major cause, as Obama promised in 2008. “Under my plan energy prices will skyrocket”, Obama famously said. The same way his policies cause increased prices, there are policies which will bring prices down.
Update for those following:How to take on the Obama Enemy media: http://paratisiusa.blogspot.com/2012/09/an-open-letter-to-those-who-should-know.html?spref=tw

God Bless America!

paratisi on October 12, 2012 at 10:13 PM

Your concern has been careful noted, you are dismissed…
SWalker on October 12, 2012 at 6:00 PM

That’s the type of response I expected from your type.

rjl1999 on October 12, 2012 at 7:36 PM

That’s because you are an imbecile, a concern troll, and a damned Axelrod astroturf a$$hole.

SWalker on October 12, 2012 at 10:18 PM

That’s because you are an imbecile, a concern troll, and a damned Axelrod astroturf a$$hole.
SWalker on October 12, 2012 at 10:18 PM\

Sure got me pegged. What a short sighted person you are.

rjl1999 on October 13, 2012 at 1:00 AM

It just cost me $100 to put 22 gallons of regular gas in my truck last night…

THANK YOU, MISTER PRESIDENT!

Khun Joe on October 13, 2012 at 10:58 AM