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Thursday, March 22, 2012

Report: Oil Production on Federal Lands Dropped 275,000 Barrels a Day in 2011

Report: Oil Production on Federal Lands Dropped 275,000 Barrels a Day in 2011: "In his 2012 State of the Union Address, President Obama said that “American oil production is the highest that it’s been in eight years.”
But on Wednesday, the nonpartisan Congressional Research Service released a new report that finds that the overwhelming majority—96 percent—of the increase came from land not owned by the federal government.
In 2011, oil production on federal lands declined by an average of 275,000 barrels per day, whereas production on non-federal lands increased by 395,000 barrels per day.  The CRS's analysis aligns with that of the Energy Information Administration which found that oil production on federal lands dropped 14 percent in 2011."

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