Is Obama to Blame for Decrease in Federal Oil/Gas Production?
A recently released released study by the Congressional Research Service titled “U.S. Crude Oil and Natural Gas Production in Federal and Non-Federal Areas” (full copy embedded below) appears to be quite damning of the Obama regime. The raw numbers don’t lie: All of the increase in oil production in the U.S. from 2007-2012 happened on non-federal lands. Meanwhile, natural gas production on federal lands (including off-shore) decreased by 33% since 2007, and on non-federal lands, it increased by 40%! Is that not ample evidence that Obama’s policies are killing oil and gas development where they control it—on federal lands?
Yes and no, according none other than the National Review, the premier conservative magazine founded by William F. Buckley, Jr….
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Yesterday, as expected, the heavily Democrat New York State Assembly passed a bill (103 to 40) that would ban fracking in the state for yet another two years—even though fracking has already been banned for nearly five years (a copy of the bill as passed is embedded below). We’re not quite sure what another two years will tell us we don’t already know after five—but that’s Democrat jihadists for you. Harsh word there—jihad—but it was aptly used on the floor of the Assembly by a Republican assemblyman to describe what’s really going on in New York—and we concur.
Is New York doomed when it comes to the issue of fracking? Maybe. In addition to Cuomo being the ditherer-in-chief and failing to lead on the issue of fracking, an important group of state senators—the Independent Democrat Conference (they share control of the Senate with Republicans)—yesterday proposed a two-year further delay in fracking. Previously the state Assembly, which is heavily Democrat and is led by the nefarious Sheldon Silver, has pushed legislation to kill fracking. Sliver is supposed to be make yet another announcement today (Wednesday) along those lines.
If the situation with fracking in New York weren’t so tragic, it would be funny. Shakespearian, even. MDN told you yesterday about the Andy and Junior show—how Gov. Andrew Cuomo’s ex-brother-in-law Robert F. Kennedy, Jr. spilled the beans that Cuomo was ready to allow fracking last month and then it was (trumpet fanfare ta da da da) Junior to the rescue! RFK aka Junior says he talked Andy clean out of it (see
The truth came out over the weekend from, of all places, the Associated Press (see below). New York Gov. Andrew (“Andy”) Cuomo’s former brother-in-law, Robert F. Kennedy, Jr. (we’ll call him “Junior”), couldn’t resist his “the whole world revolves around me” narcissistic tendencies to let the media know that he, Junior, is the real reason fracking in New York is now dead.
It’s official: President Obama will nominate MIT physicist Ernest “Hair” Moniz to be the next Secretary of Energy, and Gina McCarthy to head the Environmental Protection Agency. We call Dr. Moniz “Hair” because of his “wavy mop” of gray hair—you’ll know what we mean when you see his picture.
Last week energy analyst Richard Zeits posted a terrific piece on Cabot Oil & Gas on the Seeking Alpha website (see