Thanks to hydraulic fracturing and horizontal drilling
methods perfected at the end of last decade, production of crude oil in the
United States has skyrocketed. This chart shows the swift takeoff in crude oil
production. U.S. oil production is up 53 percent since 2010, but the increase
has occurred almost entirely on non-federal lands. Production on federal lands
has not seen a similar liftoff, and is actually down overall. The reasons federal area drilling has lagged
is not because of lack of oil…… The main difference between drilling for oil on
non-federal and in drilling on federal lands is whether or not the driller has
to navigate the complex regulatory obstacles required by the federal
government. President Obama has said, “As Democrats, we believe in reducing our
dependence on foreign oil and protecting our planet. Today, America is number
one in oil; number one in gas; number one in wind power.”
But if America is number one in oil and gas, it is
certainly not because the federal government is making it easy to drill. During
the Obama administration:….To Read More….
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