President Obama Touts Natural Gas

Natural gas is a huge boost to our businesses here in America, so we should develop it even more. We’ve got to do it in a way that protects our air and our water for our children and future generations. But we can do that.  We’ve got the technology to do it.
– President Obama, Chattanooga Jobs Speech, 7/30/2013

President Obama has been pushing natural gas virtues in speeches over the last couple years.

Those among you gravely concerned about human-caused global warming need not worry. President Obama is not going soft on fossil fuels!

The proof is in Obama actions, not in Obama speeches.

The Lowdown on Natural Gas

Natural gas production on federal land reduced under President Obama (Source: EIA)

The Obama Administration controls natural gas production on federal lands.

In 2008, federal natural gas sales were 5.7 trillion Btu and 27% of total U.S. sales. By 2012 sales had been reduced to 4.3 trillion Btu and 17.8% of the total.

Federal crude oil production has been reduced from 723 million barrels in 2010 to 596 million barrels last year. Its a reduction from 36.4% to 26.2% of total U.S. sales.

In general, production of all fossil fuels on federal lands has been reduce by 2 trillion Btu since Obama took office.

Natural gas for coal replacement in electric power plants has reduced U.S. CO2 emissions about 12%

The natural gas boom has been so successful that gas-fired power plants are rapidly replacing coal-fired power plants. That has resulted in an overall 12% reduction in U.S. atmospheric CO2.

The United States is the only major industrialized nation getting close to meeting its UN-mandated Kyoto standard. Ironically, the U.S. is the only country in the world that didn’t sign the Kyoto Treaty and doesn’t have to abide by it.

Its made possible by the fracking and horizontal drilling technology revolution. All of that was privately funded production on privately owned land.

Production of both gas and oil are way up. It is one of the few bright spots in the U.S. economy since the Great Recession.

Production is up everywhere… except on federal lands.

Dry shale gas production has increased 12-fold since 2007 (Source: EIA)

The federal government stands out because it has reduced all forms of fossil fuel production. The Obama Presidency is the only one that has willingly reduced energy production.

In the meantime, dry shale production has tripled since President Obama took office.

The EIA reports today that newly discovered proven oil and wet natural gas reserves have increased greatly since 2007.

Conclusions

Global warming activists fear not. President Obama has remained true blue to the cause.

Obama is only forced to give lip service to natural gas in speeches for political correctness.

Make no nevermind that clean-burning, inexpensive natural gas has reduced overall U.S. atmospheric CO2 emissions by 12% since 2007.

The facts speak for themselves. The United States is experiencing a private-sector renaissance in oil and gas production the likes of which hasn’t been seen in half a century.

It is creating 10s of thousands of six-figure jobs.

Thank goodness President Obama is having no part of that. He is busy saving the planet from global warming.

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About azleader

Learning to see life more clearly... one image at a time!

Posted on Aug 1, 2013, in Business, Climate, climate change, economics, Economy, envronment, Government, news, Politics, science. Bookmark the permalink. 1 Comment.

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