David Middleton gives us a thorough explanation of the oil and gas shortfall on federal lands — “It ain’t the geology, stupid!”

Watts Up With That?

Guest post by David Middleton

“We produce more oil at home than we have in 15 years.”
–President Obama, Feb. 12, 2013

Yes, Mr. President, we do produce more oil at home than we have in quite a long time. We could actually be producing a lot more than we currently are. See that decline in Federal Gulf of Mexico production from ~1.7 MMbbl/d to ~1.4 MMbbl/d since early 2010? You actually did build that.

It’s no secret in the oil patch that the recent increase in U.S. domestic oil production has occurred almost entirely on State and privately owned mineral leases in Texas and North Dakota and that production from Federal leases has been declining for most of the last four years.

The Congressional Research Service noticed the same pattern…

View original post 1,516 more words

This entry was posted in Energy. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s