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Wednesday, January 21, 2015

Fact Check: Lower Gas Prices

In his State of the Union address Tuesday, President Obama claimed that thanks to his administration's policies, "we are as free from the grip of foreign oil as we've been in almost 30 years "

Nothing could be further from the truth.

While the United States is the world's biggest producer of oil and gas, the American people have accomplished this feat despite Obama's policies, not because of them.

The simple fact is that all of the gains in oil and gas production have occurred on private lands using new technologies roundly opposed by liberal Democrats. In fact, oil production on federal lands is down 6 percent since 2009 and natural gas production is down 28 percent. Meanwhile, oil production on private lands is up 61 percent since 2009, and natural gas production is up 33 percent.

None of these gains in domestic oil and gas production would have occurred if Obama had been able to pass the carbon cap and trade plan he pushed in 2009, the stated goal of which was to decrease oil and gas consumption by driving up the cost of producing it. 

Only because Republicans stayed unified, and rejected Obama's cap and trade carbon tax, was the shale oil and natural gas boom able to produce the astounding results we are all enjoying today.

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