Obama Said We Can’t Drill Our Way To Energy Independence. Actually, We Did.
American Thinker ^ | February 15, 2018 | Gregory Winkeleer
Posted on 2/15/2018, 9:01:03 PM by MarvinStinson
“We are running out of oil,” US political leaders told us. “We can’t compete with OPEC. We can’t drill our way out of this.”
In 2012, no less an authority than Barack Obama said that increased production by increased drilling – “drill, baby, drill,” he called it – was not a plan, but rather “a bumper sticker.” Obama assured, “We can’t just drill our way to lower gas prices.”
But widely unreported during the Obama years is that advances in two technologies most responsible for increased drilling efficiency – industrial fracturing (aka fracking) and horizontal drilling – were creating a revolution in the U.S. energy industry. Production became much more efficient.
Obama later tried to take credit for the results – conveniently leaving out that due to his extreme reluctance to permit drilling on federal land, all of the increase in production came from private and state-owned land.
The same goes for natural gas. The number of leases granted by Obama’s Bureau of Land Management to drill for oil on federal land under Obama was far lower than any of the four previous presidential administrations.
In spite of Obama’s restrictive energy policies, by 2015, the U.S. was the top producer of natural gas in the world, producing about 20% more than runner-up Russia.
Donald Trump arrived with a very different energy policy in mind from that of Obama. He wants to increase production by repealing Obama’s fracking rules and make more federal land available for drilling – he even included opening up ANWR to drilling for the first time ever, as part of the tax reform bill he signed into law in December 2017.
As a result of Trump’s policies, the U.S. is about to overtake Saudi Arabia and Russia to become the world’s top oil-producer by 2019.
(Excerpt) Read more at americanthinker.com …