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ONshore federal production ’09-105 million barrels, 10= 108 mb. ’11= 12 mb. Offshore: ’08 = 462 mb, ’09=527 mb, ’10= 618 mb, ’11= 514 mb, can anyone say “BP is good for you”? (please note that even AFTER BP, offshore was higher under Obama, than under Bush leasing.) Natural gas from federal has been static to down, but on private, going up, so no need to increase federal. The claim Obama is the “problem” and not the companies is totally bogus. Interesting also how hard it is to track down how many barrels of offshore oil are produced and pay ZERO royalties. The same Republicans in the House Resources Committee turning it totally “political” to attack Obama, do NOT want you to know how much they’ve been giving away, for decades! About those “tax breaks” and “subsidies” oil companies want MORE of!!
Indian Land production went from 10 million barrels in ’08 to 19 million barrels in ’11. So much for “cuts”?
Using all potential alternatives still makes a LOT more sense than “drill baby’s future, drill”.
Nope, it isn’t true. We’re drilling as much here as we can, and selling it overseas. It won’t help gas prices, which are set globally. Even Fox News agreed (or did, back when Bush couldn’t control gas prices).
By “more oil”, depends whether you mean total oil, technically recoverable oil, or economically recoverable oil. The USGS currently puts the amount of technically recoverable oil in the Bakken at about 4 billion barrels – considerably less than the Middle East. . Some of the Drill Baby Drill gang like to state up to 500 billion barrels, which just isn’t realistic.
^Just like the “break even point” for developing western Colorado oil shale has gone from around $8 a gallon for gas to about $40. Yes, we DO have a lot of “resources”, but that “economically recoverable” is a real bitch to beat!
In light of all of the accepted research data documenting the actual oil reserves in America, your statement is not only factually wrong but virtually verges on being either an out and out lie on your part or that you chose not to do the basic research needed (i.e. a simple Google search) on this subject; in either case you do yourself and your cause more harm than good…sadly a typical SOP for GOPers.
Called "the Thomas Nast of his time" by The National Review magazine, Payne is an informed journalist whose investigative writing has also made national headlines.
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Comments (10) (Please sign in to comment)
dtroutma
said, about 1 year ago
ONshore federal production ’09-105 million barrels, 10= 108 mb. ’11= 12 mb. Offshore: ’08 = 462 mb, ’09=527 mb, ’10= 618 mb, ’11= 514 mb, can anyone say “BP is good for you”? (please note that even AFTER BP, offshore was higher under Obama, than under Bush leasing.)
Natural gas from federal has been static to down, but on private, going up, so no need to increase federal.
The claim Obama is the “problem” and not the companies is totally bogus. Interesting also how hard it is to track down how many barrels of offshore oil are produced and pay ZERO royalties. The same Republicans in the House Resources Committee turning it totally “political” to attack Obama, do NOT want you to know how much they’ve been giving away, for decades! About those “tax breaks” and “subsidies” oil companies want MORE of!!
Indian Land production went from 10 million barrels in ’08 to 19 million barrels in ’11. So much for “cuts”?
Using all potential alternatives still makes a LOT more sense than “drill baby’s future, drill”.
Litho stone said, about 1 year ago
@Dr Who
Got any prof to back that up?
ARodney said, about 1 year ago
Nope, it isn’t true. We’re drilling as much here as we can, and selling it overseas. It won’t help gas prices, which are set globally. Even Fox News agreed (or did, back when Bush couldn’t control gas prices).
Gypsy8 said, about 1 year ago
@Dr Who
By “more oil”, depends whether you mean total oil, technically recoverable oil, or economically recoverable oil. The USGS currently puts the amount of technically recoverable oil in the Bakken at about 4 billion barrels – considerably less than the Middle East.
.
Some of the Drill Baby Drill gang like to state up to 500 billion barrels, which just isn’t realistic.
dtroutma
said, about 1 year ago
^Just like the “break even point” for developing western Colorado oil shale has gone from around $8 a gallon for gas to about $40. Yes, we DO have a lot of “resources”, but that “economically recoverable” is a real bitch to beat!
onguard said, about 1 year ago
Drill baby drill….after November……..
1opinion said, about 1 year ago
@onguard
What are you referring to, oil production in the U.S. is at record highs.
Jimathai
said, about 1 year ago
FOX News talking about gas prices in 08
bob-lezeb said, about 1 year ago
Better a democratic vision than a GOP despotic revision..
bob-lezeb said, about 1 year ago
@Dr Who
In light of all of the accepted research data documenting the actual oil reserves in America, your statement is not only factually wrong but virtually verges on being either an out and out lie on your part or that you chose not to do the basic research needed (i.e. a simple Google search) on this subject; in either case you do yourself and your cause more harm than good…sadly a typical SOP for GOPers.
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