Daily Archives: March 24, 2012

Obama Energy Plan: Delay, Deny, Deceive

Mar 24

Posted by

image

Saturday, 24 March 2012 00:00 Right Side News

This administration’s record speaks for itself. For more than three years, President Obama has implemented a three part energy strategy: delay, deny, and deceive.”  — IER President Thomas Pyle

WASHINGTON D.C. — The president continued his taxpayer-funded energy charade yesterday in Cushing, Okla., where he claimed that his administration will fast-track the southern segment of the Keystone XL pipeline.  Since the administration announced the intention to delay the pipeline’s permit in Nov. 2011, American consumers have spent more than $8.8 billion to purchase overseas oil.  And when the U.S. Senate considered earlier this month a bipartisan Keystone XL provision to authorize the pipeline, the president personally lobbied senators to defeat the measure, which failed to reach a 60-vote threshold despite gaining a 56-vote majority.

IER President Thomas Pyle released the following statement in response to President Obama’s speech today in Cushing, Okla.

“President Obama wants to deceive the American people into believing that he’s somehow responsible for the southern segment of the Keystone XL pipeline, much like he wants them to think he’s responsible for increased oil and gas production in the United States. Neither claim is true, and the president knows it.

“The administration has blocked full development of the Keystone XL pipeline, from delays last fall to the outright rejection of the pipeline permit earlier this year. The president wants to reject the pipeline, and yet take credit for approving it. Similarly, he’s closed development of millions of acres of onshore and offshore federal lands for oil and gas production, while attempting to take credit for production increases on state and private lands where he has no role.

“Just this week, the Congressional Research Service released a report showing that federal oil production represents 7.5 percent of the total oil produced from all onshore U.S. lands in 2011, despite the fact that the federal government owns more than 30 percent of the lands with oil producing potential.

“And the Energy Information Administration released data this month that shows oil production on federal lands is down 13 percent this year under the Obama administration. Natural gas production is at a 9 year low. These energy facts stand in stark contrast to the President’s bogus claims.

“Today, the Washington Post ‘downgraded’ the president’s record of truthfulness on America’s vast oil resources. The administration continues to claim that the U.S. only has 2 percent of the world’s oil resources. But according to his own administration’s data, America has 200 years of domestic oil supply at current consumption levels. And that’s not counting Canadian oil that the Keystone XL pipeline would bring to U.S. refineries.

Had the president authorized the Keystone XL permit in January – when he denied it – America would be well on our way to bringing more than 700,000 barrels of Canadian oil on line. That’s more than twice the oil that was produced on federal onshore lands last year, and it could have created as many as 20,000 jobs in the process.

“The glaring hypocrisy of the president’s speech today is that he announced that his administration would fast-track approval of a pipeline project that the White House has no control over. And if the president has the ability to fast-track permits, why has he waited until today to use that executive authority? And why only for this project?

“This administration’s record speaks for itself. For more than three years, President Obama has implemented a three part energy strategy: delay, deny, and deceive.”

» If you liked this article, please subscribe to Right Side News Daily

Related articles

Posted in AMERICAS, Clean Energy, Crony Capitalism, Eco-socialism, Economic planning, Economic policy, Energy, GEOPOLITICS, North America, Political economy, Progressive Agenda, Tax Payer's Dime, United States

1 Comment

Tags: , , , , , , , , , , ,

There are Lies, Damned Lies, and now…"Obama Lies"

Mar 24

Posted by

image

Jeffrey Klein
Political Buzz Examiner

Today President Barack Obama, along with his royally expensive Air Force One entourage, landed in Cushing, Oklahoma–the nation’s oil and gas pipeline capital–for another non-public mainstream media event, designed to stifle the public fury over skyrocketing gasoline prices.

The president once again exclaimed his standard slate of “Obama Lies;” specifically, the U.S. must always rely on foreign oil, because we only have 2% of the world’s oil reserves, but we use 20% of the world’s oil production–therefore, no amount of increase in domestic production can lower the price of gasoline.

Not so, say those in the know, along with several federal agencies–including the U.S. Department of Energy, run by the famously anti-oil Secretary, Steven Chu.

“It’s accurate but extremely misleading,” says Dan Kish of [the] Institute for Energy Research, which is supported by the industry. “What he is talking about is oil we already have found,” according to Jim Angle’s excellent FOXNews article yesterday.

Kish argues that it is at least very misleading, because Obama is referring to “proven” reserves of some 21 billion barrels.

However, analysts point out that so-called “proven reserves” were pegged at 20 billion barrels back in 1944.  Interestingly enough, since then, the U.S. has extracted about 170 billion barrels–but we still only show 20 billion barrels of “proven reserves” on the books.

The Obama Administration is already famous for double-counting 500 billion Obamacare bucks.

One federal agency says there’s 10 times more — 219 billion barrels of “technically recoverable” energy [sic].

Author’s note: For purposes of accuracy and the elimination of political and environmental “fashion-speak” in this context, only oil volume is measured in barrels–not “Energy.”  There is no such recognized thing as a “barrel of energy.”  Further, in this context, [usable] “energy” is produced by some form of [combustion] “engine” via the consumption petroleum byproducts, refined from barrels of oil.

Another agency in the Energy Department says there’s 20 times that much–400 billion barrels; while some in the oil and gas industry claim there’s 60 times that amount–1.4 trillion barrels in untapped resources.

That’s energy the government knows we have but that has not yet been drilled for; and, industry experts argue it’s there for the taking.

“The trillion-plus barrels of oil in this country, more oil than in Saudi Arabia, is not counted by the president, and I think that’s misleading the American people,” John Hofmeister, the former CEO of Shell Oil, said.

With those kinds of resources, the U.S. could continue at its current consumption rate for 200 years without any imports, Kish of IER said. “And add Canada and Mexico? The numbers go off the chart.”

Another favorite Obama lie is … “As much as we’re doing to increase oil production–we’re not going to be able to just drill our way out of the problem of high gas prices.”

“Some of us believe that the president is trying to suggest that we don’t have adequate resource[s] here in the United States, which is just not true,” says Jack Gerard, president of the American Petroleum Institute, another industry group.

In fact, one industry analyst says [that] by tapping American oil along with Canadian resources and renewable energy, the U.S. could be self sufficient in just 12 years.

Nonetheless, the Obama lies continued, with the president taking credit for approving the “fast-tracking” of the Oklahoma-to-Texas [last] leg of the Keystone XL pipeline–even though he will not, and has not, had anything to do with it–whatsoever.

Source

Related articles

Posted in AMERICAS, Economic policy, Energy, GEOPOLITICS, North America, Oil, Political economy, Tax Payer's Dime, United States

1 Comment

Tags: , , , , , , , ,

%d bloggers like this: