Former Biden 2020 Staffer Has a Total Meltdown Over Dems Trying to Oust...
Why Biden's Inner Circle Is Threatening to 'Beat the S**t' Out of WH...
The Vast Left-Wing Conspiracy to Remove Joe Biden
Kamala’s Date With the 25th Amendment
Marx and the Democrats
Time for Trump to Leverage the Republican Convention!
A Never-Trumper Changes Her Tune
This Latest Move from Elon Musk Spells Bad News for Joe Biden
It Took 30 Seconds for Biden to Malfunction at Michigan Rally
Iran's Puppet President
Biden Is Blowing Up Affordable Drug Pricing
Forget Who Is President Next Year, Who Is President Now?
The Founders Supported Intellectual Property Rights. We Should, Too.
Joe Biden Isn’t Stepping Down
First They Came for the Socialists
Tipsheet

Does Obama Deserve Credit for Increased Oil Production? Hint: No.

During his energy-policy speech on Thursday afternoon, President Obama was right when he said that even if we immediately greenlighted all of our energy projects and started to drill, drill, and drill some more, it would still take years for these actions to significantly affect the price of gasoline -- it does take some time to get the production and supply of said projects up and running. But, then the President also turned around and threw out a bunch of impressive statistics about how domestic oil production has only gone up during his administration, there are a record number of oil rigs operating now, etcetera. ...Anyone? Anyone?

Advertisement

As White House spokesman Jay Carney said this week "Oil and gas production in the United States has risen every year since the president's been in office. Oil production is now higher than it's been in eight years."

Industry analysts say production is rising -- not because of President Obama, but in spite of him.

"Today on federal land, the area where the president has control, production in the Gulf of Mexico is down 30 percent. Lease sales in Rocky Mountains on federal lands are down 70 percent," Jack Gerard, head of the American Petroleum Institute said.

He says the president has put 85 percent of the outer continental shelf off limits and overall, is only making 3 percent of the areas under his control available for development.

So, the Obama/White House All-Purpose Strategy Numero Uno goes something like: blame the Bush administration's policies for everything from the terrible economy to the dragging war in Afghanistan, but gloss over and take credit for the long-term effects of the Bush administration's policies when it helps Obama to quell voters unhappy with rising gas prices. Got it.

In this case, at least, President Obama is technically correct that there's no "silver bullet" to bring down gas prices overnight. But one of his favorite new catchphrases is "an American economy built to last" -- so start building it already! Even if it takes five-ten years to get our new resources into the market, we can lay the economic foundations and build an infrastructure to really plan for "winning the future" -- and doing so will start creating lots of new jobs right now.

Advertisement

And now, for your listening pleasure, here's Dennis Prager absolutely stomping on Obama's 'algae' energy policy. Brilliant:

Sponsored

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement