27 Feb 2012 10:32 am
Newt Gingrich has just released a nearly 30 minute long TV ad that`s all about rising gas prices and what president Newt Gingrich will do to bring them down. According to Newt Gingrich and his 30-minute infomercial, the Obama administration is, quote, "anti-oil."The truth?Newt Gingrich is a big fat liar.Who's the liar? Little Miss Marxist, as usual. Gingrich is correct, as anyone who's followed Obama's three years in office would know.this past weekend, the president made a startling claim: Under my administration, America is producing more oil today than at any time in the last eight years.The claim is true, but as always, a very crafty lie of omission. America is producing more oil than eight years ago, but not because of anything the president has done. In fact, production is up only because Americans are resourceful and have battled past the obstructions Mr. Obama has erected.Since taking office, he has declared 85 percent of our offshore areas off-limits, decreased oil and gas leases in the Rockies by 70 percent, rejected the Keystone XL pipeline and has 10 federal agencies planning more regulation of hydraulic fracturing, which is key to oil and natural-gas development, says Jack Gerard, president and CEO of the American Petroleum Institute.The administrations own Energy Information Agency estimates that oil production in the Gulf was down 22 percent in 2011 and projected to be down 30 percent in 2012 after Mr. Obamas Gulf moratorium policies were put in place, the API said.So, how on Earth is America producing more oil? Because of action taken by President Bush, and even his predecessors.That production is a direct result of leases issued before this administration and as result of development on private and state lands, Mr. Gerard said, according to Fox News.On private lands, oil production is booming, wrote Fox reporter Jim Angle. In North Dakota, the oil and gas are on private or state land and beyond the presidents control. The state has gone from producing a small amount of oil to some 450,000 barrels a day. Unemployment is 3.3 percent, the lowest in the country. And the state has a budget surplus in the billions.http://www.washingto...our-more-years/