Wednesday, May 13, 2015

Federal Lands Oil and Gas Production Down Significantly Under Obama

Lachlan Markay reports in the Washington Free Beacon,
Oil and gas production on federal land continues to decline even as the United States experiences unprecedented growth in overall fossil fuel extraction, according to a federal report released on Monday.

The Congressional Research Service found that oil production on federal land declined by 10 percent from 2010 to 2014 while production on private land increased by nearly 90 percent.

Gas production on federal land decreased by 31 percent during the same period, while production on private land increased by 21 percent.

Congressional Republicans pointed to the data as evidence that the Obama administration is not exploiting the country’s wealth of energy resources.

“President Obama can’t claim credit for America’s energy boom, or the lower gas prices and jobs it created,” House Speaker John Boehner said in a statement on the CRS report.
Read more here.

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