The Obama Oil Slick of Lies

Obama keeps lying about his accomplishments, or more accurately lack of accomplishment, in the area of oil production and energy policy.  I’m just calling it like it is.  He’s lying.  Once is a slip of the tongue, but repeating the same half-truths and outright falsehoods over and over is lying.

Here’s some of the crap he’s lying about.


Obama Lie:

  • “Anybody who suggests that somehow we’re suppressing domestic oil production isn’t paying attention.” (in Cushing, OK, Mar 22, 2012)

Truth:

  • See below

Obama Lie:

  • “Anyone who says that just drilling more will bring gas prices down … isn’t paying attention; they’re not playing it straight. We are drilling more. We are producing more…”  (in Cushing, OK, Mar 22, 2012)

Truth:

  • Again, continue reading below…

Obama Lie:

  • But the fact is, producing more oil at home isn’t enough by itself to bring gas prices down overnight.” (in Cushing, OK, Mar 22, 2012)

Truth:

  • He contradicts himself by saying the oil prices are driven by global supply and demand, but says that increasing our production won’t affect oil prices?!?!

Obama Lie:

  • Obama says that “offshore drilling would not lower gas prices today. It would not lower gas prices this summer. It would not lower gas prices this year. In fact, President Bush’s own Energy Department says that we won’t see a drop of oil from this proposal until 2017. It will take a generation to reach full production. And even then, the effect on gas prices will be minimal at best.”  (June, 2008)

Truth:

  • July 15, 2008: President Bush rescinds Executive Order banning offshore drilling.
    • Price of oil at close on July 14 — $145.18.
    • Price of oil at close on July 16 — $134.60.
  • “Crude-oil futures tumbled $4.14 to $134.60 a barrel on the New York Mercantile Exchange, bringing the contract’s loss to $10.58 over the past two sessions – the biggest two-day drop in crude prices since January 1991. Crude has lost $10.58 over the last two sessions, the biggest two-day price drop since January, 1991. It’s now 8.6% lower than the $147.27 record high hit last Thursday. Earlier in the session, futures slumped $6.74 to an intraday low of $132, the lowest for a front-month contract since June 12.”
  • FACT:  Oil prices are driven by demand, and SPECULATION about supply, as well as actual supply.  When speculators foresee a future decrease in world supply, they raise prices so that funds will be available to pay future higher prices.  When they foresee an INCREASE in supply (i.e. when new drilling is announced, or production restrictions are eased) the price comes down.

Obama Lie

  • I have increased the number of oil drilling leases.

Truth:

  • “The number of oil and gas leases granted by the federal government in the western United States declined by 44 during the first two years of the Obama administration versus the last two years of the Bush presidency”
  • “More than 58 percent of the leases cited by the BLM were not new at all, but rather leases sold in prior years and tied up in administrative or legal challenges.”
  • “The uptick in 2011 leases cited by the BLM included leases from a significant backlog that were two to five years old.  According to Sgamma, BLM cleared the backlog in 2011, but it didn’t increase the number of new leases issued.”
  • “Secretary Ken Salazar canceled 77 oil and gas leases in Utah for environmental concerns just one month into the Obama administration.”
  • “Leasing in Colorado for 2011 is down 98 percent.”

Obama Lie (slightly different flavor of the one above):

  • I have increased oil and gas leases on federal lands… leasing on public lands has increased 20 percent in the year 2011

Truth:

  • Last year they set records for hardly issuing any leases at all.
  • In 2010, the Obama administration issued a historically low number of leases.  It’s like a store doubling their prices, and then having a half off sale the next day.
  • Total onshore leases have gone down significantly under the current administration. In fact, the number of leases issued in 2010 were at the lowest level since the bureau started publishing the data.
  • Revenue from offshore leases, which is directly tied to the number of leases issued, fell from $9.4 Billion in 2008 to only $36 million in 2011.
  • Deep water permits in the Gulf are being issued at less than half the rate of pre-moratorium levels, and shallow water permits are down 40 percent.
  • And it’s not getting better:  “The proposed (Obama) plan (for 2012-2017) fails to open up key resource areas in the Atlantic, Pacific, Eastern Gulf, and Alaskan Outer Continental Shelf, even though the administration had pledged to consider opening more critical offshore areas for leasing.

Obama Lie (half-truth):

  • Domestic oil production is at an all time high

Truth:

  • “much of the production has occurred on private lands in Montana, North Dakota, and Texas that are not subject to the slow-moving federal lease process.”
  • “The Bakken produced about 100,000 barrels in 2007 and has grown to 540,000 barrels in 2011, a near 450 percent increase,…  Sgamma attributes the success of the Bakken to the fact that it falls largely on private property.”
  • “If the Bakken were on federal lands, we would only be in year five of a seven year environmental analysis, with still a few more years to add onto that for permitting. Compare that to an average thirty day permitting time for state and private lands,”

Obama Lie:

  • Obama says he killed the XL pipeline because Republicans tried to make a political issue out of gas prices and were trying to “rush” approval of a project without giving him time to study it further.
  • Will contaminate Ogallala Aquifer

Truth:

  • The project had already been studied for three years
  • Environmental concerns had already been addressed by TransCanada’s rerouting of the pipeline around sensitive aquifers
  • The State Department, lead by Hillary Clinton, was ready to approve the pipeline
  • Nearly 25,000 miles of petroleum pipelines ALREADY exist within the Ogallala Aquifer, including 2,000 miles in Nebraska.
  • The TRUTH is that Obama denied the pipeline for PURELY political reasons.

Obama Lie:

  • Obama takes credit for approving the southern portion of the Keystone XL pipeline, from Cushing to the Gulf of Mexico

Truth:

  • He is taking credit for something that doesn’t need his approval and for oil production on private and state lands which is beyond his jurisdiction.

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