Sunday, March 11, 2012

30%

How Obama Is Choking Off U.S. Oil Production - By Mario Loyola - The Corner - National Review Online: "Obama will soon be personally responsible for preventing some 2 million barrels per day of possible North American crude oil production from reaching the American economy. The U.S. currently produces only about 6 million barrels of domestic crude oil, so that would be more than a 30 percent increase in domestic production.

The president likes to say that America is producing more oil than ever before, but that’s due entirely to shale oil (e.g., fracking) and oil sands. The boom in production from private sources is currently shielding the administration from the political consequences of taking such a huge amount of oil off the market.  "
But don't worry, O Duce has our best interests at heart.