Whatever happened to "Drill Baby, Drill"?

[NightSwimmer]

In key shift, US oil production tops net imports


By JOSH LEDERMAN
Associated Press

WASHINGTON (AP) -- For the first month in nearly two decades, the U.S. in October extracted more oil from the ground than it imported from abroad, marking an important milestone for a nation seeking to wean itself off foreign oil.

A promising sign for a still-slugging economy, the shift could foreshadow future opportunities to boost jobs in the U.S., lower the trade deficit and insulate the economy from foreign crises that can send oil prices rising. But it also speaks to deeper, underlying changes in the way Americans use oil, as price-conscious consumers seek to limit what they pay at the pump.

Not since 1995 has the U.S produced more crude oil than it imported. For several years now, domestic production has been on the rise while net imports have been declining. But data released Wednesday by the Energy Information Administration, the statistical wing of the Energy Department, show the trend lines have finally crossed, with crude oil production topping 7.7 million barrels per day.

 

[ya-ta-hey]

In key shift, US oil production tops net imports


By JOSH LEDERMAN
Associated Press

WASHINGTON (AP) -- For the first month in nearly two decades, the U.S. in October extracted more oil from the ground than it imported from abroad, marking an important milestone for a nation seeking to wean itself off foreign oil.

A promising sign for a still-slugging economy, the shift could foreshadow future opportunities to boost jobs in the U.S., lower the trade deficit and insulate the economy from foreign crises that can send oil prices rising. But it also speaks to deeper, underlying changes in the way Americans use oil, as price-conscious consumers seek to limit what they pay at the pump.

Not since 1995 has the U.S produced more crude oil than it imported. For several years now, domestic production has been on the rise while net imports have been declining. But data released Wednesday by the Energy Information Administration, the statistical wing of the Energy Department, show the trend lines have finally crossed, with crude oil production topping 7.7 million barrels per day.

Mr. Swimmer,

You answered your own question. It worked.

 

[resident_evil]

No thanks to liberal policies though.

 

[lupehernandezdepedajack]

We are drilling and drilling a lot in spite of the administrations strangle hold on drilling in public lands. The drilling going on now is on private land according to CNN there has been a 42% decerease in leases and a 37% decrease in drilling permits on Federal Land under Obamas plans

 

[NightSwimmer]

No thanks to liberal policies though.

What? Republicans won in 2008 and 2012? Guess I've been reading skewed polls?

 

[NightSwimmer]

We are drilling and drilling a lot in spite of the administrations strangle hold on drilling in public lands. The drilling going on now is on private land

Read the linked article. You're wrong -- as usual.

 

[Cerulean Mutt]

How can that be? Everybody knows President Obama has blocked drilling for oil all across the country.

Betcha Obama's directing the Department of Energy to [Unwelcome language removed] the numbers to hide the fact that he's destroying America by making us dependent on foreign oil from his homeland.

 

[lupehernandezdepedajack]

Read the linked article. You're wrong -- as usual.

The article says very little about production on Federal Lands the fact that is not stated is the reduction of leases and drilling permits since Obama has been in charge. This silly article only says Obama has promoted drilling on Federal Lands. Thats the same thing as saying if you like your insurance and doctor you can keep them

 

[NightSwimmer]

The article says very little about production on Federal Lands the fact that is not stated is the reduction of leases and drilling permits since Obama has been in charge. This silly article only says Obama has promoted drilling on Federal Lands. Thats the same thing as saying if you like your insurance and doctor you can keep them

Right... Don't believe your lying eyes. Stick with the talking points and maintain your faith. Reality means nothing.

 

[resident_evil]

What? Republicans won in 2008 and 2012? Guess I've been reading skewed polls?

Liberals are against fracking and don't want tar sands oils. The sources of or new found oil reserves.

 

[Alinvegas]

In key shift, US oil production tops net imports


By JOSH LEDERMAN
Associated Press

WASHINGTON (AP) -- For the first month in nearly two decades, the U.S. in October extracted more oil from the ground than it imported from abroad, marking an important milestone for a nation seeking to wean itself off foreign oil.

A promising sign for a still-slugging economy, the shift could foreshadow future opportunities to boost jobs in the U.S., lower the trade deficit and insulate the economy from foreign crises that can send oil prices rising. But it also speaks to deeper, underlying changes in the way Americans use oil, as price-conscious consumers seek to limit what they pay at the pump.

Not since 1995 has the U.S produced more crude oil than it imported. For several years now, domestic production has been on the rise while net imports have been declining. But data released Wednesday by the Energy Information Administration, the statistical wing of the Energy Department, show the trend lines have finally crossed, with crude oil production topping 7.7 million barrels per day.

Turned into Frack baby Frack.

 

[NightSwimmer]

Liberals are against fracking and don't want tar sands oils. The sources of or new found oil reserves.

We aren't Canada, last I checked.

 

[Corruptbuddha]

What? Republicans won in 2008 and 2012? Guess I've been reading skewed polls?

Actually, if you care to look it up, these are the benefits from Bush policies. Yeah, it's taken a few years.

 

[resident_evil]

Read the linked article. You're wrong -- as usual.

But on the production side, energy experts and the oil industry say the higher volumes of oil coming out of the ground come despite Obama's policies, not because of them. They say Obama has made it harder, not easier, to produce oil on government land. After all, the U.S. still imports far more oil-based products like gas and diesel than it exports. As the world's biggest oil consumer by far, the U.S. is still a long way from being energy-independent.

 

[NightSwimmer]

Actually, if you care to look it up, these are the benefits from Bush policies. Yeah, it's taken a few years.

Don't doubt that an oil man President and his flunky Bush puppet did all that they could to benefit the oil industry.

My point is that the even more expansive oil industry welfare policies that McCain/Palin were pushing back in 2008 were stupid and unnecessary.

 

[NightSwimmer]

@resident_evil


Oil industry "experts" can say whatever they like. The numbers speak for themselves.

 

[resident_evil]

We aren't Canada, last I checked.

Are you saying we don't have tar sands?

http://www.usoilsandsinc.com/

 

[resident_evil]

@resident_evil


Oil industry "experts" can say whatever they like. The numbers speak for themselves.

Oil industry experts tell us that Obama has not facilitated their work and quite evidently Obama doesn't drill baby drill for oil himself so the questions is what credit does he actually deserve? Little to none is the answer.

Only a socialist would believe that the numbers are attributable to the State (i.e. Obama). Nobody builds anything according to Obama. lol.

 

[NightSwimmer]

Are you saying we don't have tar sands?

http://www.usoilsandsinc.com/

No. Just that Canada has more and tar sands aren't our primary source of production, by any means.

 

[resident_evil]

No. Just that Canada has more and tar sands aren't our primary source of production, by any means.

I'm making the larger point of bias against production by liberals.