IBD Sets the Record Straight on the President’s Energy Record
In an attempt to deflect attention away from his “worst week ever” and the health law’s ongoing troubles, President Obama turned to energy in his weekly address to highlight news that America is becoming more energy independent. The president marked the extraordinary milestone that for the first time in two decades, the U.S. is now producing more oil than we are importing. “After years of talk about reducing our dependence on foreign oil, we are actually poised to control our own energy future,” Obama said.
Missing from the president’s speech was any reference to actions by his administration that are impeding the energy production he so proudly touts. The Energy and Commerce Committee released a report earlier this year from the Congressional Research Service detailing that all of the increases in domestic oil production from 2007 have taken place on non-federal lands, revealing America’s energy boom has actually occurred in spite of the president’s policies not because of them.
With delayed permits, restricted drilling access, and the increased threat of regulation, this administration has done much more to block energy production than encourage it. Over the weekend, Investor’s Business Daily set the record straight on the president’s energy record in an editorial entitled Obama Takes Credit For Oil Boom He's Tried To Block. The IBD editors write:
… Not only has U.S oil production exceeded imports for the first time in nearly 20 years, America is on its way to being the world's top oil producer, a watershed that will be reached in 2015, according to the International Energy Agency's most recent World Energy Outlook.
We expect the Obama administration will take credit for that, as well. But it is not responsible for any of the progress made in oil production.
Indeed, it has done more to curb oil output than increase it.
While domestic oil production is growing, it is increasing only on private and state lands. The American Petroleum Institute notes that "in areas controlled by the federal government, production has actually fallen on President Obama's watch."
We've made the same point in the past, but we feel that we have to make it again, because this administration continues to mislead on the subject. …
Read the complete editorial online, HERE.