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De Omnibus Dubitandum - Lux Veritas

Thursday, May 7, 2015

Oil Production Is Up 53% Since 2010, But It’s Declining on Federal Lands. Here’s Why.

Patrick Tyrrell

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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