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Not only has the United States reduced oil imports from members of the Organization of the Petroleum Exporting Countries by more than 20 percent in the last three years, it has become a net exporter of refined petroleum products like gasoline for the first time since the Truman presidency. The natural gasindustry, which less than a decade ago feared running out of domestic gas, is suddenly dealing with a glut so vast that import facilities are applying for licenses to export gas to Europe and Asia.
National oil production, which declined steadily to 4.95 million barrels a day in 2008 from 9.6 million in 1970, has risen over the last four years to nearly 5.7 million barrels a day. The Energy Department projects that daily output could reach nearly seven million barrels by 2020. Some experts think it could eventually hit 10 million barrels — which would put the United States in the same league as Saudi Arabia.
...
The Bush administration worked from the start on finding ways to unlock the nation’s energy reserves and reverse decades of declining output, with Mr. Cheney leading a White House energy task force that met in secret with top oil executives. [...]
The Bush administration also opened large swaths of the Gulf of Mexico and the waters off Alaska to exploration, granting lease deals that required companies to pay only a tiny share of their profits to the government.
I guess even the NY Times couldn't stand Obama talking about how we are producing more energy than ever before (as if he has something to do with it) and they wanted to set the record straight. Either that or thier website was hacked by an actual journalist.
Stuff included in the article but not included by the OP:
Quote:
How the country made this turnabout is a story of industry-friendly policies started by President Bush and largely continued by President Obama — many over the objections of environmental advocates — as well as technological advances that have allowed the extraction of oil and gas once considered too difficult and too expensive to reach. But mainly it is a story of the complex economics of energy, which sometimes seems to operate by its own rules of supply and demand.
I guess even the NY Times couldn't stand Obama talking about how we are producing more energy than ever before (as if he has something to do with it) and they wanted to set the record straight. Either that or thier website was hacked by an actual journalist.
Obama has a hand in policies that help the increase in production.
Maybe you should read the very article that you cited.
Obama has a hand in policies that help the increase in production.
Maybe you should read the very article that you cited.
.
Obama has done almost everything he can to stifle oil and natural gas production in this country (but he seems to love Brazil producing it). Yeah, he has allowed some Bush policies to continue because he has to face re-election and noone gets re-elected if gas prices are through the roof. (note: they are going through the roof anyway). If he were to get re-elected (he won't) then he would give the eco-wackos everything they want.
obama has tried to shut down oil production on government lands. the increased oil production we are getting now is on private lands.
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