Breitling Oil and Gas Texas and California Morning Podcast #411

President Obama has been criticized recently for making misleading statements about Obamacare, including proclaiming that anyone who wants to keep their current health insurance plan can do so. Some have gone so far as to call that a bold faced lie.

The oil and gas industry has known for a long time that President Obama says one thing but his administration implements regulations that have the opposite effect.

For example: his claim that his administration has been a key component in the increase of oil and gas production in the US. He has touted the benefits of the increase, including reducing oil imports and decreasing the balance of payment deficit.

Yes, all of that is good, but Obama fails to note that all of this increase in production has come on private lands. Oil production on federal lands where he has any control – has declined.

 

 

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