Oil Production And Obama

Have you ever noticed how Obama likes to take credit for things he has had nothing to do with? But that he is also just as quick to point his bony finger in blame for those things that are rightfully his screw ups? Such is the case with his phony claims that he is responsible for increased oil production in our country. Guess what? A pound of baloney is still a pound of baloney.

So along comes a government report that puts more egg on Obama's face about his ability to lie to the American people and expect everyone to believe him just because he happens to be the President of the United States. He also happens to be a pathological liar so keep that in mind as you're listening to him open his pie hole.

If you're like me these days you're having to pull up to the pump more often than you'd like and get that uncomfortable feeling in your wallet. It's not getting any better due to his lack of a coherent energy policy. Fossil fuels aren't going away anytime in the foreseeable future whether Obama likes it or not, Drill - Baby - Drill is one key. And Pipeline - Baby - Pipeline is another.

I'll attempt to write this Hub so that even a 5th grader can understand what is really going on with the supply and demand side of this equation.

We Could Be Drowning In Oil!

I remember him saying that under his leadership energy prices will sky rocket. Why am I one of the few that remember him saying that? Just that would be enough to make me not vote for him. Energy prices drive many things in this nation and as they increase so does the price of the majority of things we use. I know liberals and tree huggers have a problem wrapping their heads around that concept but facts are facts. So back to the report.

The report is titled the "US Crude Oil and Natural Gas Production in Federal and Non-Federal Areas" and was released by the Congressional Research Service. It spells out exactly what many of us know. That Obama tooting his own horn is off key to actual factual data. You can pull it up and read it for yourself if you'd like it that way. This past campaign he stood on the podium and lied right to you with a straight face. Now I ask you again, "Have you pulled up to the pump lately?"

Marc Humphries is a government expert and a specialist on energy policy. He wrote the report. This is what he found, “All of the increase (in oil and natural gas production) from FY2007 to FY2012 took place on non-federal lands, and the federal share of total U.S. crude oil production fell by about seven percentage points.” That directly refutes what Pied Piper Obama has been crowing about.

Doesn't matter what he says or does...

Humphries goes on further with his data. Oil production on federal lands during thast period fell from 1.7 million barrels a day to 1.6 million. Isn't that a decrease Obama? Then there is the fact the actual share of production of lands owned by the federal government shrunk from 33% to 26%. So that's an increase? Using which form of math? Bare in mind at the same time that the American people actually own the lands in question, Obama does not. We own the federal government, Obama does not.

So then the question becomes where is the difference found and why? Look at it as a see-saw effect. On shore production actually increased modestly while off shore decreased. By how much? It declined form 1.4 to 1.3 million during the period studied.

Gas production seems to mirror what has happened on federal lands but to a greater degree. there was a decrease in gas production from 5.5 trillion cubic feet to 3.7 cubic feet while the federal share went from 27.8% to 15.5% of total gas production. There's that Obama math again at work. A decrease is an increase and vice versa. A bit of a difference occurs with off shore production. The report shows that both on shore and off shore production have plummeted while off shore has dropped by 50%.

Output on private lands is booming because it isn't under the boot heel of Obama and his federal agencies.. Oil production on private land grew from 3.4 million barrels a day to 4.6 million. While at the same time gas production shows an increase rising from 14.4 trillion cubic feet to 20.2 trillion.

Ham fisted energy policies like Obama's will not portend well for the good times. Why? Because 43% of all domestic crude reserves lie under federal land and 28% of gas reserves are under the federal auspices. Circle back around to who owns the federal lands.

Humphries recommends a more efficient permitting process. That probably isn't going to happen because Obama doesn't want it to happen. His agenda and the public at large's agenda aren't compatible. We don't need higher energy prices to help right our economy. We need energy independence. We need to stop sending billions upon billions of our tax dollars to the robber barons overseas.

Let me close with this video which explains his focus...

There is a war on coal by this administration. Couple that with their war on fossil fuels in general and you should have a pretty good idea of how a failed energy policy is working. The LalaLand idea that fossil fuels are just going to go away isn't realistic.

Obama speaks of change and he could change the picture here without using a remote control. He has made it harder, not easier, to get the permits to explore and produce on federal lands. He has put the disincentives in place as the roadblock. Tracts have land have been removed which had previously been cleared for exploration. Why is what you should be asking yourself. But go watch the video one more time if you can't answer that question.

If the United States actually becomes energy independent just on fossil; fuels alone there would be such an economic impact on both this nation and the world that we might be able to breathe a little easier in the long run.

"Vote It," "Like"It, "Tweet" It, "Pin " It, "Share It" With Your Followers. Time to let em read it and keep reading it.

As Always,

The Frog Prince

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Comments 32 comments

Marquis profile image

Marquis 3 years ago from Ann Arbor, MI

Obama will lie.


The Frog Prince profile image

The Frog Prince 3 years ago from Arlington, TX Author

Marquis - All it takes is for his lips to start moving.

TFP


JON EWALL profile image

JON EWALL 3 years ago from usa

The Frog Prince

Just another story.

3/30/12

2009-2012 Administration Oil Strategy Contributes to Price Increases

http://www.scribd.com/doc/87353590/Administration-...

2/25/13 Sequester - The Three Things you need to know

http://www.gop.gov/sequester/

President Obama Proposed the Sequester

The mainstream does a good job of covering for the '' Man''


WillStarr profile image

WillStarr 3 years ago from Phoenix, Arizona

Obama does not want America to prosper. His goal is to diminish America, That was what he meant by 'fundamentally transforming' America. He sees America through his anti-American father's eyes, as in 'Dreams From My Father'.


breakfastpop profile image

breakfastpop 3 years ago

Breathing a little easier is not on the agenda for Obama. Having us squirm definitely is. If you want to see the nation suffer, screw around with the energy supply and the dominoes will fall. Up, interesting, useful, awesome and shared!


MaryInMinnesota 3 years ago

Living in Northern Minnesota, we have an oil refinery just about 3 miles from my house, but it's in Wisconsin. I just heard on our local news, that Canada will begin transporting, by truck, oil to that refinery and one other one in the Minneapolis area. They will start with something like 700 thousand barrels a day, then eventually increase that amount. Here's the kicker. Gas & oil prices here in our city, closest to the oil refinery are HIGHER than itty bitty towns with populations of 67 that are 60 miles away from the refinery. Our population is around 87,000, so maybe I should move to one of those towns with populations of less than 100, where everyone knows your name LOL


Pamela99 profile image

Pamela99 3 years ago from United States

Obama is not interesting in increasing our oil supply. He is too concerned with pleasing his donors and the liberal left. We do need to make more noise to our Congressmen and in general but with Obamma at the helm it is hardly hopeful.


poetvix profile image

poetvix 3 years ago from Gone from Texas but still in the south. Surrounded by God's country.

No one busts the Pied Piper President in a lie like you. I love it! He's the best liar that's ever lived. On a side note, I'm sure it doesn't hurt all that money on the oil and gas we have to buy at higher and higher prices ultimately ends up in the pockets of his buddies in the middle east. But now he wants a strong, independent America! The man is the epitome of the word oxymoron.


ib radmasters profile image

ib radmasters 3 years ago from Southern California

The Frog Prince

In addition to all that you say here, another problem is that the oil that is pumped in the US is exported. So what is that all about?


Stu 3 years ago

Frog - You got it dead on. I'm not against energy sources that are less polluting than fossil fuels, but there has to be a balance. Economy and ecology have to be considered together, not in isolation. Also, even if green energy becomes economically feasible, it would be foolish to depend on it totally, as weather and parts supply conditions could make these forms of energy just as subject to cost jumps as legacy fuels. I support an "all of the above policy," provided that no energy source is subsidized by grants, loan guarantees, or tax breaks. In the end, the free market, in concert with sensible State, not federal law, has to decide the environmental/economical tradeoffs, as this area of law is not delegated by the Constitution to the federal government. Great thread, and I'm in 100% agreement with you. Stoo


Pamela A. 3 years ago

great aritcle Jim..keep them coming..


drbj profile image

drbj 3 years ago from south Florida

That graphic illustrating gasoline prices, Jim, at the end of your hub tells it all.


JON EWALL profile image

JON EWALL 3 years ago from usa

The Frog Prince

Obama has shut down leases on federal land and held up permits to drill.What does that mean to the taxpayer besides loss of jobs.Leases are bid for and bring in $$$$, royalties on every gallon pumped ( $18.00 a barrel) also feed the treasury. On profits, the taxpayer wins either way.We constantly hear that the treasury needs revenue, sounds like someone isn't telling the truth? It is apparent that the President isn't looking out for the people?


Stu 3 years ago

Jon - You are correct that the President isn't looking out for the People. Oblabber is much more concerned about money and votes from the green lobby. Further, by bringing our economy to collapse, which high energy prices will help to do, Obama may be able to count on anarchy as a pretext to declare marshal law and suspend elections. This man is pure evil and his only concern is himself.


JON EWALL profile image

JON EWALL 3 years ago from usa

Stu

Chicago Style politics is something the country was not ready for.THE SHARED AGENDAS OF GEORGE SOROS and BARACK OBAMA

http://www.libertynewsonline.com/article_301_31606...

Media matters

http://www.discoverthenetworks.org/printgroupProfi

the Soros tree for the destruction of our country.

A $2 million George Soros donation

Joyce Foundation's Board of Directors was Barack Obama,

http://www.discoverthenetworks.org/funderProfile.a

George Soros - Meet Obamas Employer

http://hubpages.com/politics/George-Soros-Meet-Oba...

NOT THE US GOVERNMENT WE USED TO KNOW ?

http://commieblaster.com/progressives/index.html

Hard to believe the way our government is functioning today. Surely the majority in Congress believe in the Constitution. Why do they remain silent?The answer is in the Chicago way. Lincoln once said '' to remain silent is to be a coward''.Shame on all those silent public servants.

Take note, links have been censored at times


Ghost32 3 years ago

He's done (and continues to do) everything he can to shut us down on the energy front. Even had his goons looking into the possibility of shutting down the Bakken, biggest oil boom we've got, largely on Native American lands in North Dakota. His idea was that since Reservations were "federal", he could rule 'em. Word got out to the industry, presumably via whistle blower, & he backed off that one...momentarily.

That was in 2010. What he's come up since, only the Shadow knows.


The Frog Prince profile image

The Frog Prince 3 years ago from Arlington, TX Author

Jon - There were many things available to the news media back in the 2008 run that were totally ignored. The tie in between Obama and Soros was right there for everyone to see. Soros doesn't like this country, probably even less than Obama does. You have to read Obama's books critically to see the extent that Obama despises our nation and why.

Soros has been one of Obama's puppet masters since he began running for public office. The tie in with Soros and Pertobus in Brazil is a story in, and of , itself and I wrote about the fact that Soros made a killing by going in prior to Obama giving Brazil $8 billion to drill off their shores so we could "become their best customer." Petrobuses stock shot up and Soros divested his interest and made a ton of money. Of course that was just a coincidence and so is the Tooth Fairy leaving a quarter under your pillow.

This whole mob, that's what it is, of Chicago political thugs are scumbags who prey on low information voters and that is their manna to control what they need to control. This is a classsic case of an uniformed electorate being fed pablum by a dishonest media in our country and there is no doubt in my mind that there is an unseen money trial behind the mainstream media not reporting the truth as it should be reporting. If they did Obama would have been impeached long ago.

The Frog


Angela Blair profile image

Angela Blair 3 years ago from Central Texas

This nation has laid down with a dog and is now suffering from fleas in every area -- where do we go from here and can we recover? Excellent reporting, Frog. Best/Sis


JON EWALL profile image

JON EWALL 3 years ago from usa

Angela Blair

''where do we go from here and can we recover? '' The people will get another chance in 2014.Hopefully, the people will be awaken when Obamcare kicks in with more taxation and insurance cost going thru the roof.

Will everyone do their part, call your rep and tell him to resign and get out of town


Stu 3 years ago

Jon - very intersting articles. They confirm the dynamics behind alot of Obama's behavior. I think Obama wants a nation with a rich, powerful elite at the top of government, and the rest of us dependent on central government so they can tell us what to do at all times. This of course, through the rapacious taxation necessary to fund the elites and their "programs," incents business not to invest and create jobs, and even incents people not to work because in many cases they can get almost as much money from federal and state cash and in-kind welfare programs. But, as the Iron Lady once famously said, "Socialism collapses when you run out of other peoples' money." In truth, money isn't the primary driver of the this type of collapse, because the fed's can (and are) printing it with absolutely reckless abandon. The big issue is that without people working, THERE IS NOTHING TO BUY. And you can't resort to imports, because overprinting of money ultimately makes the US dollar worth too little on the FOREX for you to be able to afford foreign goods. And forget about critical services; most of these can't be imported at any price due to obvious logistical constraints.


The Frog Prince profile image

The Frog Prince 3 years ago from Arlington, TX Author

Stu - There are people on the dole making upwards of $40K in free stuff.

The Frog


sbeds 3 years ago

I have never seen a president lie so much and actually seem to believe what he says. He could probably lie while passing a lie detector test flawlessly. That is terrifying to me.


JON EWALL profile image

JON EWALL 3 years ago from usa

The Frog Prince

''confirm the dynamics behind alot of Obama's behavior'' Check this out Audit of the Federal Reserve Reveals $16 Trillion in Secret Bailouts

http://theintelhub.com/2012/09/02/audit-of-the-fed

Obama promised TRANSPARENCY.

TARP PAYBACK FUNDS

McCarthy Joins Colleagues Asking Administration to Clarify Contradictory TARP Repayment Plans

http://kevinmccarthy.house.gov/index.php?option=co...

The Recovery Act requires

http://www.recovery.gov/Accountability/Pages/GAOFi...

requires the Government Accountability Office(GAO) to review the use of Recovery funds by states and localities every two months

WE HAVE a corrupt government in Washington?


The Frog Prince profile image

The Frog Prince 3 years ago from Arlington, TX Author

Jon - Corrupt? To its very core. The founding fathers did not intend for Congress to become a profession of thieves who go there to serve their own self interests, or those of some idiotic political philosophy called party politics. Polls say the people favor term limits so lets start instituting them ourselves since they won't.

The Frog


JON EWALL profile image

JON EWALL 3 years ago from usa

The Frog Prince

3/22/13

I watched the Senate's 2014 budget vote last night on C -SPAN ( 7 hrs worth) The budget passed 50-49 with a ton of amendments, agreed by bi partisan agreement. A breath of fresh air LASTING TO 5AM ON SAT MORNING.A victory for the people for starters.


Stu 3 years ago

Frog - your $40,000 figure is correct. And alot of lawyers are offering services to help ILLEGAL ALIENS fake the required forms to get EXACTLY THE SAME AMOUNT. We may not be loved by the Mexicans, but they sure love being here. I can't really blame them. We have immigration laws, but if we don't enforce them, they mean nothing.


JON EWALL profile image

JON EWALL 3 years ago from usa

Stu

SEC. 115. ENFORCEMENT OF THE IMMIGRATION LAWS

1986 IMMIGRATION LAWS OF THE UNITED STATES

http://chicagoconsultant.com/page9.php?category=1&...

Oil Companies Pay the Government

http://chicagoconsultant.com/page9.php?post=10

oil companies pay the government $86 million a DAY in taxes


The Frog Prince profile image

The Frog Prince 3 years ago from Arlington, TX Author

Jon - Just so I know for future reference. Is that $86 million inclusive or exclusive of the federal gas tax collected per gallon?

TFP


Stu 3 years ago

Jon,

In regard to the 1986 immigration law, this says it all: "It is the sense of the Congress that...the immigration laws of the United States should be enforced vigorously and uniformly..." The point is that Constitutional and federal law are not options for federal enforcement; enforcement of our highest laws is a federal affirmative duty. Obama's flagrant disregard for our immigration laws, DOMA, our due process laws, and other matters truly borders on treason.

While it's true that oil companies get some tax breaks other companies don't get, the answer is not to villify oil companies. We simply need a fairer tax system so all business sectors are placed on the same tax footing. It's true that at present oil companies are making outsize profits because supply is being crimped by Saudi Arabia (they are exporting less crude because they want to use more of it for internal development of their business and residential sectors). But this can be dealt with, by expanding drilling for oil and natural gas right here at home, both onshore and offshore. But that would cost Obama cash and votes from the green lobby. Obama simply doesn't care about the fact that high energy costs depress employment levels and put a great strain on the finances of American citizens.

Stu


The Frog Prince profile image

The Frog Prince 3 years ago from Arlington, TX Author

Stu - Most of the oil tax breaks go to smaller independents in this country. Politicians like to distort the truth and many people eat it like pablum.

The Frog


JON EWALL profile image

JON EWALL 3 years ago from usa

The Frog Prince

The link was censored and I lost it. From memory, that was the federal tax bite ( 40% ) on profit. Government Subsidies: To oil/gas $ 4 billion To alternate energy $90 billion

http://hubpages.com/politics/TheDeepwaterHorizonoi...

5/18/11, to repeal the $4 billion oil and natural gas companies subsides.

A news report pointed out that the mining industry in Nevada pays NO royalties to mine gold on federal land. The $20 billion industry in Nevada mines 80% of the gold in the nation and yet they pay $0 in royalties to the government. What a coincidence that Senator Reid represents the state of Nevada. President Obama and Congress attacking oil, natural gas and coal subsidies when those industries pay royalties to the government seems to be unfair. The oil industry pays 18.7% , the coal industry pays 12.5% royalties and the gold industry pays $0 . Obama has not told the public how much the alternate energy industry has received since his election.

On Private LAND, THE TREASURY MISSES OUT ON THE ROYALTIES AND LEASE INCOME

Obama order coordinates federal oversight of 'fracking,' gas development. New EPA rules?

http://thehill.com/blogs/e2-wire/e2-wire/221395-ob...


Stu 3 years ago

Frog - I know what you're talking about. In times when supply isn't crimped, the oil majors' free cash return on investment is very fair to consumers (usually around 12%). It's just like the official unemployment figure of 8%, which ignores those who have given up looking, those working part time who want full time work, those who have exhausted their unemployment benefits, and those working beneath their skill level. The real unemployment rate in the US is about 20%. I also like how the fed's put 86% of the total US public debt "off balance sheet," so they can report that we "only" owe $16 trillion. Can you imagine a corporate CEO or CFO accounting to shareholders the way the government does to the People? They would be violating SEC law and go to prison.

Jon - The NV gold thing doesn't shock me. If the gold is on state or federal land, you can bet the legislators that charged nothing for the gold got campaign contributions from the mining companies, or even illegal kickbacks. Contrast that with Sarah Palin, who forced oil companies drilling on state land in Alaska to pay market rates for drilling rights. She didn't even keep the money for state government, but distributed the lease fees to the People of Alaska. Each adult resident got over $100,000. She's a class act.

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