berg80
Diamond Member
- Oct 28, 2017
- 16,894
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OIL AND GAS
TRUMP: āThanks to our bold regulatory reduction campaign, the United States has become the number one producer of oil and natural gas, anywhere in the world, by far.ā
THE FACTS: Trump is taking credit for a U.S. oil and gas production boom that started under Obama. The U.S. Energy Information Administration says the U.S. has been the worldās top natural gas producer since 2009, top petroleum hydrocarbon producer since 2013, and top crude oil producer since 2018.
Thatās owing to a U.S. shale boom that has driven production up since 2011, not to deregulation or any other new effort by the Trump administration.
TRUMP: āThanks to our bold regulatory reduction campaign, the United States has become the number one producer of oil and natural gas, anywhere in the world, by far.ā
THE FACTS: Trump is taking credit for a U.S. oil and gas production boom that started under Obama. The U.S. Energy Information Administration says the U.S. has been the worldās top natural gas producer since 2009, top petroleum hydrocarbon producer since 2013, and top crude oil producer since 2018.
Thatās owing to a U.S. shale boom that has driven production up since 2011, not to deregulation or any other new effort by the Trump administration.