Thursday, March 15, 2012

Again on Salazar's Mis-statement regarding oil and gas production


A few days ago I authored a piece on Secretary of Interior Ken Salazar's contention that "we are producing more from public lands, both oil and gas, both onshore as well as offshore, than at any time in recent memory."

Apparently I wasn't the only one asking if that were true. Today the EIA released, "Sales of Fossil Fuels Produced from Federal and Indian Lands, FY 2003 through FY 2011." I love the opening line, "This paper was prepared in response to recent requests that the U.S. Energy Information Administration (EIA) provide updated summary information regarding fossil fuel production on Federal and Indian lands in the United States."

Here's the summary table. Much prettier than my graphs and by converting everything into BTU equivalents is much more informative than my simple presentation.

Obama's Secretary of Energy, Steve Chu, has finally admitted high gas prices are not a good thing.  Maybe this EIA study will get Salazar to retract his statement. Then we can work on Biden, who today claimed the bail-out of GM (by putting it into bankruptcy and reducing headcount), and the bail-out of Chrysler (by putting it into bankruptcy, reducing head count and selling to the Italians), saved one million jobs, more jobs than the entire auto industry had at the peak of the cycle. Good trick since GM and Chrysler combined have about 35% market share of the US market.


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