DWS on oil production

← ‘Why does my gas cost $4.00 per gallon?’How Much Will It Cost to Repeal the ‘Oil Subsidies’? →
Wasserman Schultz: ‘We’ve really concentrated’ on oil production
Posted on May 7, 2011
There was an undeniable uptick in U.S. oil production in 2009 and 2010.

But new DNC chair Rep. Debbie Wasserman Schultz (D-FL) tried to take credit for it:

Like I said, domestic oil production is at its highest point in recent years. So we’ve actually really concentrated on that.

Democrats patting themselves on the back for oil production increases?

Ba. Lo. Ney.

With all due respect.

Rep. Wasserman Schultz represents the party that always tells you that there’s no point in looking for new oil fields because it takes 10 years to develop them. Remember?
World-class oil fields can take that long to develop, but it’s a stupid argument against doing them. For example, fields like BP’s Thunder Horse and Atlantis, and BHP Billiton’s Shenzi together account for 100% of the 2009-10 growth in Gulf of Mexico production. All these fields were discovered 10 years ago or more, and the owners had the foresight to stick with them even through times when the oil price was as low as $10 per barrel (1999). Back then Barack Obama was still an unknown Illinois state senator, and Wasserman Schultz was in the Florida state house.

Here’s what was predicted for BP’s big fields back in 2008, before you-know-who was elected:

When running at full tilt, Thunder Horse alone will increase overall U.S. oil and gas production by 3.6 percent. Add BP’s Atlantis platform that started up last year, and the boost grows to 6.4 percent.

Onshore, fields usually don’t take so long to develop. Just in the past few years, there has been an oil drilling boom in places like North Dakota and South Texas, and those booms are partly responsible for the production uptick. But the Feds, and certainly not the Dems, deserve zero credit for the Bakken Shale and the Eagleford Shale booms. Those plays were driven by technology and entrepreneurial, independent oil men.

And we’re no where near where we should be:

U.S. Sen. Mary Landrieu, D-La., said the slowing of permit approval will result in the loss of 250,000 barrels a day of production this year and 500,000 in 2012. [Hmmm... sounds familiar. - Ed.]

The moratorium has stopped us from looking for the next Thunder Horse or Atlantis. If the Bakken Shale were on public, not private lands, they’d be trying to shut that down, too.

Oh. Wait.

No, the answer to our energy woes lies in our private sector, not in Washington, and certainly not in the Democratic Party. And for them to try to take credit for this uptick is laughably pathetic.
While we’re at it, here’s Rep. Wasserman Schultz’s voting record on energy:

Voted YES on removing oil & gas exploration subsidies. (Jan 2007)
Voted YES on keeping moratorium on drilling for oil offshore. (Jun 2006)
Voted NO on scheduling permitting for new oil refineries. (Jun 2006)
Voted NO on authorizing construction of new oil refineries. (Oct 2005)
Thanks for all the “help”, Congresswoman.
Cross-posted at RedState.com.


Share this:
Facebook
Twitter4
Like this:
Like
Be the first to like this post.
This entry was posted in Energy and tagged Credit Where Credit Is Not Due, democrats, Energy, Obama, Rep. Debbie Wasserman Schultz. Bookmark the permalink.
← ‘Why does my gas cost $4.00 per gallon?’How Much Will It Cost to Repeal the ‘Oil Subsidies’? →
4 Responses to Wasserman Schultz: ‘We’ve really concentrated’ on oil production
Pingback: Wasserman Schultz: ‘We’ve really concentrated’ on oil production | RedState
Pingback: Wasserman Schultz: ?We?ve really concentrated? on oil production | American News Blog
Pingback: Wasserman Schultz: ‘We’ve really concentrated’ on oil production
Pingback: DECEPTION – Obama Regime, DNC Take Credit For American Increase In Domestic Oil Production! | a12iggymom's Blog
Leave a Reply

Enter your comment here...


Recent Posts
Crawfish 2
Crawfish time
BP Spill: Still Hyping After All These Years
Shorter Krugman: $15B Big Dig was worth it because it saved me $5 in cab fare. #rsrh
One picture explains why natural gas is trading at a 10 year low price.
Archives
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
Categories
BP Spill
Climate
DPRK
Economy
Energy
Environment
Government
Louisiana
Politics
Uncategorized
Meta
Register
Log in
Entries RSS
Comments RSS
WordPress.com
Maley’s Energy Blog Search