DrLove
Diamond Member
Presidents have some effect, but they aren't the only effect. However, I remember prices spiking when Obama shut down off-shore drilling. Only a liar refused to admit it.Liar.Maybe if Obama hadn't actually admitted that his policies were actually designed to cause energy costs to "necessarily sky-rocket"...we probably wouldn't have jumped on him about it.
Obama drilled like crazy - gas prices kept coming down ... Catch up
The irony is that President Obama - who is not viewed as a friend of the oil and gas industry - has presided over rising oil production in each of the seven years he has been in office. (On a separate note, expect that streak to be broken in 2016). From that low point in 2008, U.S. oil production has grown each year to reach 9.4 million bpd in 2015 -- a gain of 88% during Obama's presidency. This is in fact the largest domestic oil production increase during any presidency in U.S. history.
The Irony Of President Obama's Oil Legacy
![]()
Obama didn't drill shit. And production isn't only tied to drilling. Most of the new production was from Fracking.
Oil companies had to do most of it on other than federal lands.
Thanks to Fracking, U.S. Will Pass Saudi Arabia In Oil ProductionLinks
The International Energy Agency has issued projections that the United States will displace Saudi Arabia as the world’s largest oil producer by 2015. By 2020, notes a report in Investing Daily, the United States will produce 11.6 million barrels a day. During the same period, Saudi Arabia’s output is expected to fall from 11.7 million bpd to 10.6 million bpd.
U.S. Oil Production Up, But On Whose Lands? - IER
Thanks to Fracking, U.S. Will Pass Saudi Arabia In Oil Production
Which is kind of the entire point of this thread Muddy. Presidents don't control oil prices.
But thanks for the confirmation that no matter WHAT -- You wouldn't give Obama credit even for flipping on a light switch![]()
I'll bet you were a Newt supporter in the 2012 primary when he promised 2.50 gas and it ended up under 2 bucks.
Remember when high gas prices were "Obama's fault?" : National Interest : WHYY