Don't take any crap from people who chant "drill baby drill" and rag on Obama for holding us back on fossil fuels. Here are the facts.
More drilling rigs are working now on new wells in the US than at any time since wooden derricks went out of style.
Crude oil production is 90,000 barrels a day more now than in 2010, wow.
Natural gas flow is up 7.4% passing the all time record set in 1973.
Oil imports were 57% of our consumption in 2008, now it's 45%.
Conservation and the new mpg standards will reduce use by 2.2 million barrels a day in only a few years.
The fossil fuel industry is not passing any savings from increased supply to the US consumer, instead they are exporting fuel and liquified natural gas now. We get the unsightly infrastructure, the dirt, the spills, they get the tax breaks and the profits from selling our natural resources.
See coming post.
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