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Oil production is booming in spite of Obama

If you are one of the millions of Americans who has to fill up their own gas tank, you already know that gas prices are rising … and fast. According to the U.S. Energy Information Administration, the average price for a gallon of gas is $3.59 nationwide, up almost 7 percent from just one week ago. Many analysts, including Oil Price Information Service’s Tom Kloza, believe gas will continue to surge past $4.00 a gallon, and may even hit $4.25 nationwide by April. To put that in perspective, the all-time record high for an average gallon of price is $4.11. The last time gas prices hit that mark was July 2008, right as the U.S. economy was sinking into recession.

Desperate to not become the target of motorist rage over gas prices, President Obama delivered a speech in Miami Thursday explaining why he isn’t to blame. “Now, we absolutely need safe, responsible oil production here in America.  That’s why under my Administration, America is producing more oil today than at any time in the last eight years,” Obama said.

And that is technically true: American oil production is the highest that it’s been in eight years. But this is happening in spite of Obama and his policies, not because of them.

What Obama did not mention today is that much of the rise in domestic oil production is due to energy development on private and state lands that Obama has no control over. Since 2000, oil production on lands not owned by the federal government is up 11 percent. Meanwhile, development on federal lands can take years. To the extent that oil production has risen on federal lands, and there is dispute over whether it is up at all, it is the result of lease sales made years ago by President Bush. As far as Obama’s actual policy record, it shows that he has done everything he can to thwart oil and gas production:

Obama’s actual policies, not the rhetoric he deployed in Miami Thursday, closely match the promises he and his cabinet made before they were in office. For example, his Energy Secretary Steven Chu famously told The Wall Street Journal in 2008, “Somehow we have to figure out how to boost the price of gasoline to the levels in Europe.” And when Obama was asked by CNBC’s John Harwood that same year if high gas prices actually “helped” the United States, Obama said, “I think that I would have preferred a gradual adjustment.”

When Obama took office gas was $1.85 a gallon. A little over three years later gas is up to almost $3.60. If anything, today’s gas prices are exactly what Obama wanted to happen.