President Obama Touts Increases in Domestic Oil and Gas Production
Speaking at a UPS facility in Las Vegas on Thursday morning, President Obama touted his administration’s record on domestic oil and gas production, noting that increased production means we’re “moving in the right direction.” This statement is entirely incompatible with the President’s stated goal of decreasing greenhouse gas emissions in order to address climate change.
Watch the clip, beginning at the 5:35 mark:
Here’s a transcript:
For decades, Americans have been talking about how do we decrease our dependence on foreign oil. Well, my administration has actually begun to do something about it.
Over the last three years, we negotiated the toughest new efficiency standards for cars and trucks in history. We’ve opened millions of new acres for oil and gas exploration. Right now, American oil production is the highest that it’s been in eight years. Eight years. Last year, we relied less on foreign oil than in any of last 16 years. That hasn’t gotten a lot of attention, but that’s important. (Applause.) We’re moving in the right direction when it comes to oil and gas production.
And today, I’m announcing that my administration will soon open up around 38 million acres in the Gulf of Mexico for additional exploration and development, which could result in a lot more production of domestic energy.