Clearing-up Today’s Obama Energy Lies
This afternoon the President of the United States tried one again to mislead the public about domestic oil production and how much untapped oil is left in the ground. He said that domestic oil production is at the highest level in seven years and he indicated that American reserves are not adequate to help the US reduced its dependence on foreign oil. If Congressman Wilson was in the audience he might have repeated his famous shout “You Lie.”
Domestic Oil Production.
Obama commented that US oil production was at its highest point in seven years. That was both incorrect and misleading. Daily average production of oil last year 5,361,000 barrels/day the best since 2005’s 5,419,000/day. The real misleading fact about his statement, is that neither year is even close to levels seen only ten years before when production was 20% higher.
The President mentioned 35 offshore contracts were awarded, hiding the fact that off shore oil production has been way down since 2005, and that production took a big drop as soon as Obama took office (even before BP)
Source for both charts above the US Energy Information Administration.
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