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Thread: Oil at $75 Means Patches of Texas Shale Turn Unprofitable

  1. #191
    Educator Uncensored2008's Avatar
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    Re: Oil at $75 Means Patches of Texas Shale Turn Unprofitable

    Quote Originally Posted by minnie616 View Post
    According to Fact check there were over 5,000 permits for drilling on federal lands during the first 3 years of Obama's first term.
    {While production booms on non-federal lands and boosts U.S. exports, production on federal lands is lagging. In fact, all of the increased oil production from 2009 to 2012 took place on non-federal lands, according to the Congressional Research Service, while the share of oil production on federal lands fell by seven percent.

    Oil production on federal lands was down 31 percent from 2011 levels, while production on state and private lands increased by 15 percent, reports the Energy Information Administration.}

    White House praises oil drilling while blocking it on federal land | The Daily Caller


    Where fact check plays it's game is in failing to identify new versus existing permits. The 5,000 permits were there already and represent renewals, rather than new permits. In fact, the permits on federal land in general have declined by a third, under Obama.

  2. #192
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    Re: Oil at $75 Means Patches of Texas Shale Turn Unprofitable

    Quote Originally Posted by Deuce View Post
    If only that Obama had allowed more drilling.
    The US has had the highest rig count in over 40 years under this administration... and that had NOTHING to do with Obama.. The oil business is a BUSINESS and when the ppb is high they invest in rigs, exploration and drilling.

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    Re: Oil at $75 Means Patches of Texas Shale Turn Unprofitable

    Quote Originally Posted by Uncensored2008 View Post
    {While production booms on non-federal lands and boosts U.S. exports, production on federal lands is lagging. In fact, all of the increased oil production from 2009 to 2012 took place on non-federal lands, according to the Congressional Research Service, while the share of oil production on federal lands fell by seven percent.

    Oil production on federal lands was down 31 percent from 2011 levels, while production on state and private lands increased by 15 percent, reports the Energy Information Administration.}

    White House praises oil drilling while blocking it on federal land | The Daily Caller


    Where fact check plays it's game is in failing to identify new versus existing permits. The 5,000 permits were there already and represent renewals, rather than new permits. In fact, the permits on federal land in general have declined by a third, under Obama.
    There are 4,000 permits available on Federal land, but the regulations are more stringent... and you can't dictate where oil companies drill.

  4. #194
    Educator Uncensored2008's Avatar
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    Re: Oil at $75 Means Patches of Texas Shale Turn Unprofitable

    Quote Originally Posted by poweRob View Post
    I guess he wasn't so "clear" about that.
    I'm perfectly clear. Oil production on federal land has decreased by a third under Obama.

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