It’s official. There is now more oil and gas drilling occurring under the Obama administration than under the administrations of George W. Bush, Bill Clinton, George H.W. Bush, and the second half of the Reagan administration.
Salem Gebrekidan at Reuters has the story:
“The number of rigs drilling for oil in the United States this week reached a record high in at least 24 years as producers scrambled to tap resources in unconventional oil fields in North Dakota, Texas and other states, data from an oil services firm showed on Friday.
“U.S. oil rigs rose to 1,080, the highest number on Baker Hughes’ data, which goes back to 1987. The oil-directed rig count this week is 55.4 percent higher than a year ago, when 695 rigs were operating.”
Read the full story.
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more drilling would create jobs and fix the economy.
There’s more drilling, so where are the jobs?
the state didn’t take the severance taxes to balance the state budget. Local governments could be doing economic development and rebuilding infrastructure if these funds were available.
Counties that produce severance tax revenue get 30 percent (if memory serves) off the top and they use some on their own projects and give the rest to towns and cities.
But you’re right that the bulk of the money goes to the state, which moves it around for a while and then parcels it out to various projects. Some are in communities where there is no severance tax-producing activity.
It’s a perennial battle in the legislature.
For severance tax the state splits 50/50 the revenues between state (DNR) and the locals. For the local share, the state divides 70/30 (grants to locals/direct money to locals). For too many years the state has taken the 70% local share and used it to balance the state budget.
That is taking money from the local governments that can be used for economic development in rural areas of the state.
Drilling isn’t all bad – there are benefits.
have managed to sell the president a lie…just like they have sold it to the American people.
In a TV ad by Conoco-Phillips, three students are standing in a teaching arena at a school. The young man says, “there is a hundred year supply of energy, right here under our feet” (I am paraphrasing, yes).
One of the girls with him replies, “yeah, if you want to ignore our environment”.
The other girl chimes in, “but…it’s cleaner!”
to which the first girl replies, “OK, I’m listening.”
It is this bald-faced lie that always seems to do the trick for them.
I will say this…that “classroom” in the commercial wouldn’t have been at Cornell University nor at Duke University (Go Blue Devils!), because both of those institutions have done studies that belie that claim.
The results of both studies indicate that, taken in toto, from “cradle to grave” as it were, production and use of natural gas is at least as polluting and may be dirtier than burning coal or oil.
But the non-stop saturation of the MSM with misinformation by Chevron, Exxon/Mobil, ANGA, the API, and the rest of that gang of professional liars has convinced the president, along with the majority of Americans, that natural gas is a “clean” alternative.
It isn’t true.