Top 3 myths in Obamas lecture on gas prices.

WaveCameCrashin
WaveCameCrashin Posts: 2,929
edited March 2011 in A Moving Train
http://www.americansolutions.com/drill/ ... prices.php



Top 3 Myths in Obama's Lecture on Gas Prices
By Steve Everley on March 11, 2011 2:06 PM
President Obama held a press conference today to discuss rising gasoline and oil prices. Gasoline at the pump now costs an average of $3.50 per gallon nationwide, and experts project prices to eclipse $4 per gallon this year, possibly by the beginning of the summer driving season.

But instead of providing a solution that most of America wants -- more domestic drilling -- President Obama used his presser to recite misleading talking points to justify his anti-energy policies, arguments that have all been thoroughly debunked.

Here are the three biggest myths from President Obama's remarks this afternoon:

"We can't escape the fact that we control only 2% of the world's oil." This is a common refrain among anti-drilling Democrats and environmentalists, and it's repeated enough that many people accept it as true. In reality, it's 100% false. The number comes from a highly conservative estimate from the Energy Information Administration totaling America's proven reserves where we are already drilling. It does not include the 10 billion barrels available in the Arctic National Wildlife Refuge. It does not include most of the 86 billion barrels available offshore in the Outer Continental Shelf, most of which President Obama has placed under an executive drilling ban. And it does not include the 800 billion barrels of oil we have locked in shale in Wyoming, Utah, and Colorado. Those shale resources alone are actually three times larger than the proven reserves of Saudi Arabia, so the claim that the U.S. only has 2% of the world's oil is clearly false.
"Industry holds leases on tens of millions of acres both offshore and on land where they aren't producing a thing." President Obama adds to this whopper by saying he wants to "encourage companies to produce [on] the leases they hold." While this sounds like a common sense fix, it's actually just blind rhetoric reserved only for people with a shocking ignorance of drilling. You can read more about this here and here, but it basically boils down to this: A lease is for exploration and production, not just production, and because oil is not equally distributed across the globe, one parcel of leased acreage may not hold any oil. Moreover, due to the circuitous and needlessly complicated permitting process, it can take years for companies who own a lease to complete their exploration activities. To get to the production phase, it could take as long as ten years. Ironically, President Obama wants to tax companies for not producing on their leases, even if the federal government's refusal to grant permits is the reason why those companies are not drilling.
"Last year...our oil production reached its highest level in 7 years." This is pure spin. President Obama is deliberately trying to take credit for actions unrelated to his policies. The increased level of production is due to the actions of previous administrations and production in the Dakotas where most drilling is occurring on private land. By contrast, the Energy Information Administration projects that there will be a decline in production of 220,000 barrels of domestic oil per day in 2011, and in 2012 America will produce 150 million fewer barrels in the Gulf of Mexico, all because of President Obama's policies to discourage or ban domestic drilling. In addition, President Obama's drilling moratorium (and subsequent refusal to issue drilling permits) has forced at least 7 rigs to leave the Gulf and sign contracts in other countries, taking much needed jobs and revenue with them.
As gas prices skyrocket, Americans are reminded every day that the federal government's refusal to allow responsible domestic drilling can have an incredibly destructive economic impact. Instead of trying to fix this problem, the Obama administration has worked every day to make sure that America produces less oil and has to rely more on OPEC for our energy needs.

No amount of White House spin or misleading talking points can change that tragic fact.
TAGS:
Drill Now,Gas Prices,Offshore Drilling,President Obama












Last week, Interior Secretary Ken Salazar told Congress that oil production in the Gulf of Mexico "remained at an all-time high, and we expect that it will continue as we bring new production online."  He claimed: "In 2009 there were 116 rigs in the Gulf of Mexico, in 2010 in February, 120, in February 2011, 126."
But Salazar's numbers distort the true number of working rigs in the Gulf of Mexico. According to Baker Hughes:

Four days before the Deepwater Horizon accident there were 55 rotary rigs actually drilling offshore in the Gulf of Mexico.
On May 28, 2010, when the administration announced the six-month moratorium on deepwater drilling, there were 46 rotary rigs operating in the Gulf. 
Last week, 25 rotary rigs were operating in the Gulf of Mexico.
So the fact that there is an "all-time high" number of rigs in the Gulf ignores the fact that most of those rigs are not working.  Claiming an increase in idle rigs in the Gulf as a success story is like claiming the job market is great because a lot of people are unemployed and available to work.
In the same hearing, the Secretary also claimed that "the production has remained at an all-time high" within the Gulf of Mexico and there is no way to actually make this true.  The Energy Department's Energy Information Administration reports that production in the Gulf of Mexico is in decline, forecasting a decline of 250,000 barrels a day from Gulf production, due partly to the moratorium and restricted permitting.  While the annual production figure for 2010 was greater than 2009, EIA's month-by-month production figures show a peak in May of 2010, and a relatively steady decline since. And EIA Petroleum Engineer Gary Long told trade publication E&E News that the rig count in the Gulf was cut in half after the Deepwater Horizon accident and that it wouldn't rebound to previous levels until the end of 2011 under the assumption that the permitting process is restored to historical rates. Further, since there is a lag time from the time an exploration permit is approved to the time of actual production, and since no only a handful of permits for new wells have been granted since April of 2010, it is likely that Gulf of Mexico production will continue to be hit hard in 2012 and beyond.

We appreciate that, when it comes to selling the administration's energy policy, Secretary Salazar is in a tough position.  Fortunately we are here to help, help provide the abundant and affordable energy that our economy needs, and help create the jobs our workers want.  As API President Jack Gerard said recently:

"Our industry remains committed to working with government to meet our current and future challenges, but we need Congress and the administration on board. Let's stop talking and let's get back to work."
Post edited by Unknown User on
«1

Comments

  • Godfather.
    Godfather. Posts: 12,504
    great article ! so it's time to shit or get off the pot. :o

    Godfather.
  • Paul Andrews
    Paul Andrews Posts: 2,489
    You know, instead of bitching about oil prices (we pay $1.40 a litre) we need to be finding alternatives and using less - not drilling in sensitive areas - not invading oil rich countries - and not sucking up to questionable governments to meet our demands for oil.

    We sold one of our two cars and I ride a mountain bike to work and use public transport where possible.

    Every little bit counts.
  • whygohome
    whygohome Posts: 2,305
    You know, instead of bitching about oil prices (we pay $1.40 a litre) we need to be finding alternatives and using less - not drilling in sensitive areas - not invading oil rich countries - and not sucking up to questionable governments to meet our demands for oil.

    We sold one of our two cars and I ride a mountain bike to work and use public transport where possible.

    Every little bit counts.

    Paul, you are trying to preach common sense to Americans. It is useless.

    As for the article presented by the OP, I have read numerous articles written by scientists who say the exact opposite. Let's look past one website article before we decide what is fact and what is not.
  • gimmesometruth27
    gimmesometruth27 St. Fuckin Louis Posts: 24,479
    i clicked on the link and a blue page asking for donations that says "stand with newt" popped up. i read no further...

    sorry.....but that tells me all i need to know about americansolutions.com...
    "You can tell the greatness of a man by what makes him angry."  - Lincoln

    "Well, you tell him that I don't talk to suckas."
  • whygohome
    whygohome Posts: 2,305
    i clicked on the link and a blue page asking for donations that says "stand with newt" popped up. i read no further...

    sorry.....but that tells me all i need to know about americansolutions.com...

    And that's why I said the article has zero credibility. :lol:
  • gimmesometruth27
    gimmesometruth27 St. Fuckin Louis Posts: 24,479
    whygohome wrote:
    i clicked on the link and a blue page asking for donations that says "stand with newt" popped up. i read no further...

    sorry.....but that tells me all i need to know about americansolutions.com...

    And that's why I said the article has zero credibility. :lol:
    why is it on these websites when a republican gives a "speech" it is never criticized, but when obama answers questions and speaks at a press conference it is a "lecture"? i did not read his quotes as lecturing?
    "You can tell the greatness of a man by what makes him angry."  - Lincoln

    "Well, you tell him that I don't talk to suckas."
  • Prince Of Dorkness
    Prince Of Dorkness Posts: 3,763
    edited March 2011
    In other countries, it's illegal to intentionally post intentionally misleading, false and incorrect information and present it as "news."

    Clearly it isn't here.
    Post edited by Prince Of Dorkness on
  • i clicked on the link and a blue page asking for donations that says "stand with newt" popped up. i read no further...

    sorry.....but that tells me all i need to know about americansolutions.com...


    So just bcos you don't like Newt you automatically dismiss it? :roll: why don't you research it and prove its claims to be false then. I know I'm out numbered by the progressive statist on here like yourself,but It's the party and president that you support that constantly lies and is deceiving people on a daily basis.I'm not here to defend the republican party,I'm just as discusted with them as I am the democrats. All m trying to say is sometimes it's better to be a little open minded and not throw your guard up all the time. And the link is actually two different links. I forgot to post the second one.


    http://blog.energytomorrow.org/2011/03/ ... ction.html

    Last week, Interior Secretary Ken Salazar told Congress that oil production in the Gulf of Mexico "remained at an all-time high, and we expect that it will continue as we bring new production online."  He claimed: "In 2009 there were 116 rigs in the Gulf of Mexico, in 2010 in February, 120, in February 2011, 126."
    But Salazar's numbers distort the true number of working rigs in the Gulf of Mexico. According to Baker Hughes:

    Four days before the Deepwater Horizon accident there were 55 rotary rigs actually drilling offshore in the Gulf of Mexico.
    On May 28, 2010, when the administration announced the six-month moratorium on deepwater drilling, there were 46 rotary rigs operating in the Gulf. 
    Last week, 25 rotary rigs were operating in the Gulf of Mexico.
    So the fact that there is an "all-time high" number of rigs in the Gulf ignores the fact that most of those rigs are not working.  Claiming an increase in idle rigs in the Gulf as a success story is like claiming the job market is great because a lot of people are unemployed and available to work.
    In the same hearing, the Secretary also claimed that "the production has remained at an all-time high" within the Gulf of Mexico and there is no way to actually make this true.  The Energy Department's Energy Information Administration reports that production in the Gulf of Mexico is in decline, forecasting a decline of 250,000 barrels a day from Gulf production, due partly to the moratorium and restricted permitting.  While the annual production figure for 2010 was greater than 2009, EIA's month-by-month production figures show a peak in May of 2010, and a relatively steady decline since. And EIA Petroleum Engineer Gary Long told trade publication E&E News that the rig count in the Gulf was cut in half after the Deepwater Horizon accident and that it wouldn't rebound to previous levels until the end of 2011 under the assumption that the permitting process is restored to historical rates. Further, since there is a lag time from the time an exploration permit is approved to the time of actual production, and since no only a handful of permits for new wells have been granted since April of 2010, it is likely that Gulf of Mexico production will continue to be hit hard in 2012 and beyond.

    We appreciate that, when it comes to selling the administration's energy policy, Secretary Salazar is in a tough position.  Fortunately we are here to help, help provide the abundant and affordable energy that our economy needs, and help create the jobs our workers want.  As API President Jack Gerard said recently:

    "Our industry remains committed to working with government to meet our current and future challenges, but we need Congress and the administration on board. Let's stop talking and let's get back to work."
  • Jasunmark wrote:
    In other countries, it's illegal to intentionally post intentionally misleading, false and incorrect information and present it as "news."

    Clearly it isn't here.


    Well if it's false than by all means please prove it and I will admit I was wrong.and
    Guess what? Were not other countries. We have something called freedom of speech and one you should be thankful for called freedom of expression.
  • prfctlefts wrote:
    We have something called freedom of speech and one you should be thankful for called freedom of expression.

    When "Freedom of Speech" means that news stations can broadcast outright lies to spread propaganda, fear and ignorance, I think we might want to rethink it for the new reality.

    When it means that newspapers can publish fabricated stories as a way to mislead the public, I'd say it's nt really helping us.

    However, since you believe so much in "freedom of expression," I don't have to post proof that you're wrong, right? I can just say "everything you just posted is a big pile o crap" and you have to just let me say it.
  • You know, instead of bitching about oil prices (we pay $1.40 a litre) we need to be finding alternatives and using less - not drilling in sensitive areas - not invading oil rich countries - and not sucking up to questionable governments to meet our demands for oil.

    We sold one of our two cars and I ride a mountain bike to work and use public transport where possible.

    Every little bit counts.


    First of all we are trying but when you have beuracrates like the EPA who are he'll bent on shutting down oil companies and coal it's not easy. If we were invading countries for their oil then why do prices continue to rise? I mean wouldn't it be cheaper :? Also for what it's worth I also ride a bike and use CARTA every day to and from work which is our public trans system :D
  • Jasunmark wrote:
    prfctlefts wrote:
    We have something called freedom of speech and one you should be thankful for called freedom of expression.

    When "Freedom of Speech" means that news stations can broadcast outright lies to spread propaganda, fear and ignorance, I think we might want to rethink it for the new reality.

    When it means that newspapers can publish fabricated stories as a way to mislead the public, I'd say it's nt really helping us.

    However, since you believe so much in "freedom of expression," I don't have to post proof that you're wrong, right? I can just say "everything you just posted is a big pile o crap" and you have to just let me say it.



    You mean networks like MSNBC or just FOX? You mean lib rags like the NYslimes and the Washington Compost?

    I think your confusing the two freedoms. To my knowledge freedom of expression is like art, porno flicks ect..
  • gimmesometruth27
    gimmesometruth27 St. Fuckin Louis Posts: 24,479
    prfctlefts wrote:
    i clicked on the link and a blue page asking for donations that says "stand with newt" popped up. i read no further...

    sorry.....but that tells me all i need to know about americansolutions.com...


    So just bcos you don't like Newt you automatically dismiss it? :roll: why don't you research it and prove its claims to be false then. I know I'm out numbered by the progressive statist on here like yourself,but It's the party and president that you support that constantly lies and is deceiving people on a daily basis.I'm not here to defend the republican party,I'm just as discusted with them as I am the democrats. All m trying to say is sometimes it's better to be a little open minded and not throw your guard up all the time. And the link is actually two different links. I forgot to post the second one.


    http://blog.energytomorrow.org/2011/03/ ... ction.html

    Last week, Interior Secretary Ken Salazar told Congress that oil production in the Gulf of Mexico "remained at an all-time high, and we expect that it will continue as we bring new production online."  He claimed: "In 2009 there were 116 rigs in the Gulf of Mexico, in 2010 in February, 120, in February 2011, 126."
    But Salazar's numbers distort the true number of working rigs in the Gulf of Mexico. According to Baker Hughes:

    Four days before the Deepwater Horizon accident there were 55 rotary rigs actually drilling offshore in the Gulf of Mexico.
    On May 28, 2010, when the administration announced the six-month moratorium on deepwater drilling, there were 46 rotary rigs operating in the Gulf. 
    Last week, 25 rotary rigs were operating in the Gulf of Mexico.
    So the fact that there is an "all-time high" number of rigs in the Gulf ignores the fact that most of those rigs are not working.  Claiming an increase in idle rigs in the Gulf as a success story is like claiming the job market is great because a lot of people are unemployed and available to work.
    In the same hearing, the Secretary also claimed that "the production has remained at an all-time high" within the Gulf of Mexico and there is no way to actually make this true.  The Energy Department's Energy Information Administration reports that production in the Gulf of Mexico is in decline, forecasting a decline of 250,000 barrels a day from Gulf production, due partly to the moratorium and restricted permitting.  While the annual production figure for 2010 was greater than 2009, EIA's month-by-month production figures show a peak in May of 2010, and a relatively steady decline since. And EIA Petroleum Engineer Gary Long told trade publication E&E News that the rig count in the Gulf was cut in half after the Deepwater Horizon accident and that it wouldn't rebound to previous levels until the end of 2011 under the assumption that the permitting process is restored to historical rates. Further, since there is a lag time from the time an exploration permit is approved to the time of actual production, and since no only a handful of permits for new wells have been granted since April of 2010, it is likely that Gulf of Mexico production will continue to be hit hard in 2012 and beyond.

    We appreciate that, when it comes to selling the administration's energy policy, Secretary Salazar is in a tough position.  Fortunately we are here to help, help provide the abundant and affordable energy that our economy needs, and help create the jobs our workers want.  As API President Jack Gerard said recently:

    "Our industry remains committed to working with government to meet our current and future challenges, but we need Congress and the administration on board. Let's stop talking and let's get back to work."
    i don't like newt, and why would i go to a website that is begging for money to support him when i know that that site has an agenda and will not give the president any credence or credit at all? i don't have to research or prove anything to you. nobody here does. i think most of us are smart enough to know that anything coming from anyone in the republican party is an outright lie at the moment. also i think that we are smart enough to know that when we click on a link asking for money for gingrich that the ensuing articles are going to be partisan pieces of crap at worst, and half truths at best. you say don't throw my guard up? why? and let you just hit me in the face with another hatchet job and critique with no solutions? no thanks.

    and please, let's not discuss presidents who lie to the people on a daily basis....
    "You can tell the greatness of a man by what makes him angry."  - Lincoln

    "Well, you tell him that I don't talk to suckas."
  • :lol: whatever you say gimmie. That's why I posted another link that says the same thing. . And besides i posted those links to reach the conservatives and independents on here bcos no matter what in your eyes and narrow mind obama and his ilk can do no wrong. Your a "true beliver"Why is gitmo still open then or better yet how about all the lies he told us about is healthcare bill? Like our premiums wouldn't go up or you could keep your doctor. All lies. He's already given out over a 1000 waivers to corporations, geee I wonder why :? Drone on...
  • gimmesometruth27
    gimmesometruth27 St. Fuckin Louis Posts: 24,479
    prfctlefts wrote:
    :lol: whatever you say gimmie. That's why I posted another link that says the same thing. . And besides i posted those links to reach the conservatives and independents on here bcos no matter what in your eyes and narrow mind obama and his ilk can do no wrong. Your a "true beliver"Why is gitmo still open then or better yet how about all the lies he told us about is healthcare bill? Like our premiums wouldn't go up or you could keep your doctor. All lies. He's already given out over a 1000 waivers to corporations, geee I wonder why :? Drone on...
    first of all, i am no fucking drone. while you were not on here for a long time i was greatly criticizing obama and this administration over many topics. i am not a true believer, and i criticize obama for not going far enough on anything, most notably for not going far enough on healthcare, not closing gitmo, not stopping the wars, and most recently for talking of military strikes on libya, and the rendition of bradley manning and prosecution of julien assange..., i have criticized the blanket support for israel, the drone strikes murdering innocent children, etc, etc...i have my own ideas for the direction this country should be going, but please man, what we have now is better than what we would have under mccain/palin. so no, i am not a drone...

    most people on here are more moderate than your sources on american thinker and all of that, so i am sure i am not the only one who dismisses your sources out of hand. look why most of your threads only have a few responses. right wing extremism never causes good debate.

    but you have to realize that he can not do what he wants because he is hogtied by a rightwing congress. before you criticize me or my politics, read my posts and look at the political landscape in it's entirety.

    tea party on, garth..
    "You can tell the greatness of a man by what makes him angry."  - Lincoln

    "Well, you tell him that I don't talk to suckas."
  • gimmesometruth27
    gimmesometruth27 St. Fuckin Louis Posts: 24,479
    i will state that i am opposed to drilling in the protected areas where the executive ban is in place. and i am against deep water drilling. it has not even been a year since BP and deepwater horizon.... how soon we forget..
    "You can tell the greatness of a man by what makes him angry."  - Lincoln

    "Well, you tell him that I don't talk to suckas."
  • JonnyPistachio
    JonnyPistachio Florida Posts: 10,219
    I am usually pretty liberal, but just like Gimme, i'm quick to criticize Obama as well.
    I dont really care if it (we control 2%) was accurate or not.. bottom line is we have to work faster at getting off oil. Maybe rising prices is a good thing for awhile. Give Alternative fueled vehicles design/manufacturing a kick in the ass again.

    And Whygo.. its not usless to preach common sense to Americans. Just on a personal note, I know a lot of folk who have taken to carpooling and riding bikes if they can.
    Pick up my debut novel here on amazon: Jonny Bails Floatin (in paperback) (also available on Kindle for $2.99)
  • I also have been very critical of the president in many ways.

    Although there are some of the less-intelligent conservatives who blather on about how he's "a socialist" or "the most liberal president in history" or "not American" or some other clueless twaddle, my beefs have been that he tried too hard to cave to Republicans early on, didn't deliver a very good health care law, turned his back on the gay community and has been way too much of a pro-corporation president to give us real change that we wanted.

    That said, it's hard not to side with him when he's up against fruitcakes like Sarah Palin who thinks that her one term as mayor of a very small town and her few months as Governor are enough experience to run America but whines about how our current president's years as US senator and two years as the actual president are "just not enough."

    Or boobs like New Gingrich who went mercilessly at Bill Clinton for getting a blowjob in the white house when he himself never met a whore he didn't bang.

    Or people who insist on posting obvious misinformation like "Wisconsin is broke" or "Climate change is still being debated" or "the tea party is a grass-roots movement."
  • bennett13
    bennett13 Posts: 439
    prfctlefts wrote:
    :lol: whatever you say gimmie. That's why I posted another link that says the same thing. . And besides i posted those links to reach the conservatives and independents on here bcos no matter what in your eyes and narrow mind obama and his ilk can do no wrong. Your a "true beliver"Why is gitmo still open then or better yet how about all the lies he told us about is healthcare bill? Like our premiums wouldn't go up or you could keep your doctor. All lies. He's already given out over a 1000 waivers to corporations, geee I wonder why :? Drone on...
    first of all, i am no fucking drone. while you were not on here for a long time i was greatly criticizing obama and this administration over many topics. i am not a true believer, and i criticize obama for not going far enough on anything, most notably for not going far enough on healthcare, not closing gitmo, not stopping the wars, and most recently for talking of military strikes on libya, and the rendition of bradley manning and prosecution of julien assange..., i have criticized the blanket support for israel, the drone strikes murdering innocent children, etc, etc...i have my own ideas for the direction this country should be going, but please man, what we have now is better than what we would have under mccain/palin. so no, i am not a drone...

    most people on here are more moderate than your sources on american thinker and all of that, so i am sure i am not the only one who dismisses your sources out of hand. look why most of your threads only have a few responses. right wing extremism never causes good debate.

    but you have to realize that he can not do what he wants because he is hogtied by a rightwing congress. before you criticize me or my politics, read my posts and look at the political landscape in it's entirety.

    tea party on, garth..

    That article is your idea of right-wing extremism? Wow. Maybe you should read the article before you draw that conclusion. You also claim to hate "partisan crap" but then go on to say that anything said by anyone in the Republican party is an outright lie! I'm cool with differing opinions, but a LITTLE open-mindedness and/or consistency would be nice.