President Obama has led the biggest war on reliable energy – meaning primarily fossil fuels – of any President in history. And yet he repeatedly takes credit for these industries’ successes.
Obama has repeatedly had the gall to take credit for the growth of jobs, revenues and energy production in the oil and gas industry, while at the same time repeatedly proposing laws or working through the various executive agencies under his command to make it has hard as possible for this industry to do the best it can to maximize economic growth. For instance, the President stated: “So here’s what I’ve done since I’ve been president. We have increased oil production to the highest levels in 16 years. Natural gas production is the highest it’s been in decades.”
Reality Check: While President Obama is correct that oil and gas production are up during his presidency, little to none of the credit is due to his policies. Almost all the increase in oil and gas production has occurred on private or state lands, especially in North Dakota, Montana and even Texas. High prices for oil have driven additional development of previously uneconomic reserves. Natural gas production from federal areas has declined while natural gas production overall has increased considerably due to technological breakthroughs in the production (i.e. in fracking) of gas from vast shale deposits.
Though new leases and acreage leased has declined, oil production from existing leases has increased 13 percent over the past four years (despite last year’s significant decline). Oil production on existing leases increased due to continued high oil prices, which has made previously uneconomic reserves of oil, finally possible to develop profitably. The oil and gas industry warns, however, that this increase may come to a halt, if new oil and gas leasing and production regulations from the Obama administration under development, already proposed, or previously approved and soon to take effect, actually take effect.
But it is not just the oil and gas industry that the Obama administration has taken credit for helping while doing his level best to shut them down, rather the best example of this comes from the coal industry. From mine mouth, to shipping, to electricity production, to export markets the all the President’s men (and women) have thrown up hurdle after hurdle to the success and expansion of the coal industry which has done, and continues to do, so much to help Americans live better lives.
The American Legislative Exchange Council and Energy-facts.org have gone into great depth detailing the tremendous burdens the Obama administration has saddled the industry with in order to keep Obama’s promise to bankrupt the coal industry.
Yet with the various regulations and the President’s own statements in evidence, now the administration wants to claim credit for the coal industries success.
That’s what I call Chutzpah!