Henry Payne for March 16, 2012

  1. Birthcontrol
    Dtroutma  over 10 years 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”.

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    fargopete  over 10 years ago

    Got any prof to back that up?

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    ARodney  over 10 years 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).

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  4. Cowboyonhorse2
    Gypsy8  over 10 years ago

    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.

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  5. Birthcontrol
    Dtroutma  over 10 years 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!

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    leweclectic  over 10 years ago

    Better a democratic vision than a GOP despotic revision..

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  7. Lew. shaved beard jul 11
    leweclectic  over 10 years ago

    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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