Barack Obama has repeatedly taken credit for the record oil production in the United States over the past several years.
Obama took credit for US oil production In the presidential debates.
It was all a lie.
Fossil fuel production on federal lands is at a ten year low according to a recent report. Natural gas production on federal lands is also at a ten year low.
The Institute for Energy Research reported:
The Energy Information Administration (EIA) just released its report, Sales of Fossil Fuels Produced on Federal and Indian Lands, FY 2003 Through FY 2012.[i] This report shows that total fossil fuel production on federal lands is at a ten year low, natural gas production on federal lands is also at a ten year low, and oil production on federal land fell in fiscal years 2011 and 2012 ending two years of increase in fiscal years 2009 and 2010. Specifically the new EIA report shows:
- Fossil fuel (coal, oil, and natural gas) production on Federal lands is the lowest in the 10 years EIA reports data and was 4 percent less in fiscal year 2012 than in fiscal year 2011.
- The share of fossil fuels produced on federal lands has declined from 36. 1 percent in fiscal year 2003 to 27.6 percent in fiscal year 2012.
- Crude oil and lease condensate production on Federal lands was 18 percent lower in fiscal year 2012 than in fiscal year 2010 when it reached its peak of 723 million barrels.
- Natural gas production on Federal lands is the lowest in the 10 years that EIA reports data and was 7 percent lower in fiscal year 2012 than in fiscal year 2011.
- Natural gas plant liquids production on Federal lands was 6 percent lower in fiscal year 2012 than in fiscal year 2010, when it reached its peak of 121 million barrels.
- Coal production on Federal lands was 8 percent lower in fiscal year 2012 than in fiscal year 2008 when it reached its peak of 483 million short tons.