U.S. energy production is booming
WASHINGTON — You wouldn’t know it from the Republicans, but these are boom times for American energy.
And you wouldn’t know it from President Barack Obama, but he has very little to do with that.
From the presidential campaign trail to Congress, Republicans have been hammering Obama for locking up the nation’s energy resources. GOP presidential frontrunner Mitt Romney, for one, accuses Obama of pursuing policies “that keep us from using our own energy.”
But such complaints don’t hold up. The U.S. produced more oil in 2010 than it has since 2003, and all forms of energy production have increased.
Obama is not only hoping that simple, rock-solid statistic will silence his GOP critics, he’s angling to get some credit for the trend as he navigates a tricky re-election campaign. But he oversells the government’s influence on the industry and ignores the fact that many wells coming into production were planned years ago, before he was president.
“We’ve opened millions of new acres for oil and gas exploration,” Obama bragged in recent speeches. “Right now, American oil production is the highest it’s been in eight years.”
Data collected by the Energy Information Administration, an independent statistical arm of the Energy Department, is on Obama’s side, at least when it comes to pushing back against comments like those heard in the Republican campaign.
Besides the upward trend for oil, more gas has been produced in each of Obama’s three years in the White House than any other year since 1936, thanks in large part to a boom in the production of natural gas from shale and other hard-to-reach sources.
Mining for the radioactive ore that fuels nuclear power plants has also risen every year under Obama. And no other president has seen more energy produced from renewables, which include hydroelectric power, solar, wind and biofuels.
Coal mining is also on the rebound, after declining in 2008 and 2009 due in large part to the weak economy and milder weather reducing electricity demand.
In speeches and his first campaign ad, Obama also points to the nation’s reduced dependence on foreign oil. But the energy information agency says that the decline began in 2005 and comes from a variety of factors — among them the recession, high gas prices that dampened driving and changes in efficiency and consumer behavior that pre-date the Obama administration.
Even if Obama’s policies aren’t the cause for these trends, the data certainly makes it harder for Republicans and the oil and gas industry to substantiate their claim that his policies have dampened energy production.
A report by the energy information agency projects oil and natural gas production in the U.S. will continue to climb over the next eight years, reducing oil imports and making the U.S. a net exporter of natural gas.
But that same report provides ammunition for Republicans, because it predicts that in the short term, oil production in the Gulf of Mexico, where the Obama administration placed a moratorium on new deep-water exploratory drilling, will show a decline in 2011 and this year before rebounding later.
In the face of rosy production numbers, Republicans and the oil and gas industry focus on federal lands, because that’s where the government controls access and permitting to drill.
