As Dave over at Ace of Spades says, "You'd think this'd be a big fuckin' deal"
In spite of the Obama Administration's hostility to carbon-rich energy, private actors with private capital deployed on private (and state) land have launched a game-changing revolution in domestic oil and natural gas production.
A scarcely reported milestone conveys the magnitude of this turnaround in the global energy landscape.
The U.S. passed Saudi Arabia as the world's largest petroleum producer in November 2012, according to recently released data of the federal Energy Information Administration.
Over the last five years, domestic oil output has risen 40% and continually outpaces projections. Last year, domestic output increased by 800,000 barrels per day. This is the largest increase in annual production since the first oil well was drilled in 1859 in Pennsylvania
Despite Obama shutting down production in the Gulf. Despite the EPA. Despite NY fiddle-farting around with permits for fracking.
On private lands, open to production, we are now pumping more oil out of the ground than the Saudis.
We still import, but one of the funny other unknown things is we import more from Canada than Saudi Arabia and have for years. While Obama and his EPA stall Keystone, the Eagle Ford field in south Texas has become the most productive oil and gas field in the world. In six years it grew from nothing to 375,000 barrels a day. $60 billion dollar a year impact to the Texas economy. 116,000 jobs (more than double the 48,000 in 2011).The fact that Obama is not bragging about this PROVES he does not want it to happen.
This President has done everything he can to shut down the Oil Industry. He has not been able to do so because Fracking on Private Land has made it possible for the Oil Industry to get to oil that was not previously thought to be attainable.
This is no thanks to Obama, not in the least.
How is it we have a President who watches America become so successful at something so important and he doesn't even celebrate at all?
Who elected this man, Honey Boo Boo?
I may have mentioned it before, most of US oil imports come from Canada and Mexico. Canada imports about a million barrels a day but exports about two million, this is for no other reason than geography, it is now cheaper to import for eastern Canada than bring it overland from the west. Thanks to Obama, this is now about to change. Permission has just been granted to build a pipeline to the east, this is no long multi-year program but a quick fix to convert an existing gas pipeline to oil.Obama's refusal on the Keystone pipeline is tantamount to closing up the only bank in town that will give you credit.
ReplyDelete"Hypothetically" if Obama was actually giving blowjobs to Muslim Brotherhood it would be against the interests of MB's worldwide operations (Sunni mosques), largely funded with oil money, for the US to have more oil and appear to provide for an alternative to OPEC's monopoly.
ReplyDeleteSo going with that VERY UNLIKELY (/sarc) scenario of Obama helping his terrorist MB buddies Obama will do anything in his power to stop the US from actually producing more oil.
This has got nothing to do with whether the US can become oil independent or not or whether the US imports from Canada or not. This has got everything to do with appearances. If the US appears to offer an alternative to the middle east. That screws up their market and their monopoly.
And it also gives the US more political power all around the world but Obama, in this hypothetical situation, wouldn't want that because then he won't be able to bend over to effectively give that blowjob.