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What’s the Energy “Truth”

21 Feb

Republicans constantly rant about the current president’s ‘agenda’ that will keep America heavily dependent on foreign oil, if he’s successful. Obama is, in their words, blatantly anti-American, and anti- big oil.  I could never understand how there is a sub-set of people in this country that could buy that nonsense, — but there is.

Any lie that republican leadership is willing to throw out there,… they have a solid group of liberal hating anti-Obama crazies that are there to suck it up and shout it out as true.

 If anything, Obama is a little too PRO-oil in my view. I don’t think that BP suffered too much for that stunt they pulled in the Gulf a couple of years ago.

 So in the interest of shedding a little light on the current state of oil production during Obama’s first term, here you go,—–

U.S. oil gusher blows out projections

The United States’ rapidly declining crude oil supply has made a stunning about-face, shredding federal oil projections and putting energy independence in sight of some analyst forecasts.

After declining to levels not seen since the 1940s, U.S. crude production began rising again in 2009. Drilling rigs have rushed into the nation’s oil fields, suggesting a surge in domestic crude is on the horizon.

The number of rigs in U.S. oil fields has more than quad­rupled in the past three years to 1,272, according to the Baker Hughes rig count. Including those in natural gas fields, the United States now has more rigs at work than the entire rest of the world.

“It’s staggering,” said Marshall Adkins, who directs energy research for the financial services firm Raymond James. “If we continue growing anywhere near that pace and keep squeezing demand out of the system, that puts you in a world where we are not importing oil in 10 years.”

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Posted by on February 21, 2012 in Uncategorized

 

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