Oddball
Unobtanium Member
- Banned
- #21
Horseshit.Nope, Obama is right. His policies did increase oil and gas drilling and immensely increased production of both.
Where the OP gets it wrong, is in comparing the number of oil and gas leases under Bush and Obama. Obama cancelled a lot of old leases on low yield lands where the tenant had held the lands for years and wasn't drilling. The leases he granted were to lands which showed strong potential and where the lessee had a proven success record in drilling. The result was a much higher production yield on the leases he granted.
The Irony Of President Obama's Oil Legacy