Thursday, November 29, 2018

U.S. Top Oil Producer, Thanks to Obama

You read that right.

The U.S. is now the largest oil producer in the world, according to the EIA, producing some 15 million BOE per day, surpassing Russia and Saudi Arabia. (Remember back when Jimmy Carter said in 1979 the answer to our energy problems was to wear a warmer sweater...but you probably don't. He actually said this on national TV).

The United States is the top oil-producing country in the world, with an average of 14.86 million b/d, which accounts for 15.3% of the world's production. This is down from 15.12 million b/d in 2015, but it was enough to land the United States in the No. 1 spot, which it has held for the past four years running. (Source: Investopedia.)

Guess who takes credit for it? Granted, this increase in production began in 2012, but only because of private industry and the fact that the price of oil was at nearly all-time highs. And it dipped in 2016 because of Obama's anti-oil policies! 

But here he is again

Former President Barack Obama sure likes spiking footballs that others scored touchdowns with.
While talking at Rice University’s Baker Institute, Obama decided to take credit for the fact that America became one of the top oil producers in the world.
“I was extraordinarily proud of the Paris Accords because, Look, I know, I know we’re an oil country and we need American energy,” Obama said, “And, by the way, American energy production. You wouldn’t always know it, but it went up every year I was president. And that whole, suddenly America’s like, the biggest oil producer and the biggest gas — that was me, people…”
Obama continued by proclaiming that he did great things for the economy while he was in office and said that he should be thanked for it.
I for one, am not thanking him for anything. He tried to curtail energy production at every step in favor of his crony solar and wind companies, and restricting oil production on federal lands and off-shore. 
The arrogance of the man never ceases to amaze me. 

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