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March 30, 2012

Obama Kills Atlantic Oil Drilling For Five Years

All of the above?

The announcement by the Interior Department sets into motion what will be at least a five year environmental survey to determine whether and where oil production might occur.

Meanwhile he's claiming that oil exploration is at an 8-year high, which is true, due to his actions, which is not.

But these facts are not particularly impressive considering that production has been relatively static since 2003 -- it is only slightly higher now than in previous years. We pointed this out in an examination of the president’s State of the Union address, citing an Energy Information Administration graphic that shows production levels well below the rates from 1951 through 2002.

It’s also important to note that the Department of the Interior works with five-year lease plans for extraction. The last program, which came from President George W. Bush, ended just this year, meaning the production increase is mostly attributable to Obama’s predecessor. The ad states that production has risen “under President Obama.” This is technically true but misleading.


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posted by Ace at 07:45 PM

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