Skip to comments.Shocker: Domestic Oil Production Down, Foreign Imports Up
Posted on 03/11/2011 7:38:39 AM PST by SeekAndFind
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.
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.
One of Jummuh Carter’s many failures. For those of you not old enough to remember the Carter administration, you’re about to experience his second term.
Yes, the Obama-Salazar energy plan is working out exactly the way it was supposed to. Next, the Middle East erupts in flames and energy prices in this country continue on their way through the roof. We are reduced to Third World living standards, and Obama will be happy with what he has accomplished.
“Shocker: Domestic Oil Production Down, Foreign Imports Up “
-Some Kenyan dude.
Obviously, the Energy Dept. is a total failure and should be defunded and shut down. The energy situation in the US has never been worse, and this time it’s come when the economy is on its knees. No use sending good money after bad into this worthless bureaucrat pit.
If Stupid would just hold a press conference and say: “As of today, the ban on off-shore drilling is lifted. In addition, the time lag between filing an oil lease petition and the granting of that petition will be a maximum of 30 days. Have a nice day.”
If he did that, the spot price of oil would drop below $70/bbl.
All part of the agenda to end American status in the wordl so the one-world currency and ‘new world order’ can slide into place on the backs of American misery. Thank the elected reps of both parties for this reality.
Obama’s real plan for America is working, and all too well.
just in time for his presser.
That department...should be amputated from the Federal Gov’mt by the end of the month. shut ‘er down!! If the Pubbies won’t...its up to We the People...
If I were President I would order the oil companies to drill where they have leases or the Government would cancel their lease’s and drill.
I see nothing wrong with a government deeply in debt as we are to start drilling on it’s own and using that oil to pay back the debt.As long as it went to pay down the debt and not fill the pockets of crooked politicians and their cronies.
Did the administration not put out a statement the other day that domestic oil production has in fact risen?? The pertinent House committee needs to haul them before congress to explain how oil production has increased. The average american family is struggling to pay for all the ideological games and experiments they are playing.
This is what happens when you put junior high kids in charge.
I expect it to get worse. There are countries than produce crude oil, but can’t even refine domestic gasoline. I can see that happening here.
The Department of Energy is only following Obama’s orders of delay,deny,restrict.
Yup, and the lying POS just repeated it in the presser he had. Rush just played the clip a few minutes ago. zero said that domestic production was higher than any other time in history.