It’s not easy finding good news to report on these days. But, I did manage to find some that you may have missed. In spite of President Obama bowing to every wish of his environmental extremist supporters to kill oil and gas production in America and to force Americans to pay ever-increasing costs for energy, the private sector has been going gang busters on private lands. The Energy Information Administration (EIA) reports that America is the world’s largest producer of petroleum liquids for the eight straight month. This EIA graph comparing US production to that od Saudi Arabia was lifted from an article at the American Enterprise Institute.
That is pretty impressive! And yes, Mr. President, the private sector did do that. They did develop the fracking and horizontal drilling technology that made this happen.
Imagine where we might be in oil and gas production if it wasn’t declining on federal lands due to Obama policies. Shameful! But it is not just the federal government that is hindering US oil and gas production from reaching its full potential. The People’s Socialist Republic of California is sitting on top of the huge Monterey shale deposit (supposedly four times bigger than the Bakken deposit in North Dakota), but the green weenies of California do not want it developed.
Imagine what America would be capable of if our government(s) put America ahead of their socialist agendas.
Well, that’s what I’m thinking. What are your thoughts?
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