Thursday, June 26, 2014

In 2011, oil production on federally-controlled lands -- lands under presidential control -- decreased by 275,000 barrels per day.

While President Obama's claim that domestic oil production has increased during each of the four years he has been in office is correct, both the CRS report U.S. Oil Imports and Exports and data from the Energy Information Administration (EIA) show that domestic oil production increased at a similar rate during 2004 to 2008, the last four years of the George W. Bush administration. In other words, the increase in domestic oil production under President Obama is, in reality, a continuation of a trend which began under President Bush.
In addition, the President of the United States - any President of the United States - can only control oil and gas exploration and production on lands and offshore areas owned and controlled by the federal government. According to U.S. Oil Imports and Exports, 96% of the increase in domestic oil production since 2007 has taken place on privately owned, nonfederal lands, thus making it oil and gas production in which Presidents Obama and Bush had little or no role.
According to the EIA report Fossil Fuels Produced from Federal and Indian Lands, 2003-2011, only 31.8% of all domestic oil produced in 2011 came from federal lands under the president's control. The 31.8% of oil and gas produced on federal lands in 2011 was actually below the nine-year average of 33.4%, the EIA report shows.
In reality, reports the EIA, 68.2% of the increase in U.S. oil and gas production in 2011 came from state and privately-owned lands not under the president's control. While oil production on state and privately-owned lands increased by almost 150 million barrels from 2010 to 2011, production on federally-owned lands during 2011 actually decreased by 14% or 83 million barrels from a nine-year high reached in 2010.
The CRS report U.S. Oil Imports and Export, confirms that in 2011, oil production on federally-controlled lands -- lands under presidential control -- decreased by 275,000 barrels per day.
READ MORE

No comments: