Never let a Good (Gas Price) Crisis go to Waste

If BS were a motor fuel, we'd all be playing Obama audios while driving. During the second presidential debate, Obama claimed that America is "drilling more on public lands than in the previous administration and the previous president was an oil man." Using Department of the Interior Bureau of Land Management information, the Washington Examiner's Conn Carroll has done the due diligence: In 2008 under President Bush, there were a total of 55,085 oil and gas leases in effect on federal land. In 2011 under Obama, there were just 49,174, a decrease of 11 percent. In 2008 under Bush, there were 47.2 million acres of federal land under lease. In 2011 under Obama, there were just 38.5 million, a decrease of 19 percent. In 2008 under Bush, the federal government approved 6,617 oil and gas permits. In 2011 under Obama, the federal government approved just 4,244 permits, a decrease of 36 percent. The decrease in oil and gas leases, acres, and permits under Obama has led to a decrease in oil...(Read Full Post)

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