DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - New Obama Recession, is a forgone conclussion at this point.

**Shootohoist** · 04-23-2011, 01:48 AM

Here's a wild idea, let's look at real data! US Oil Production:

I have an idea. How about we use ALL the data? From your link.....

First, production levels actually have been quite stable over the eight-year period. Comparing 2009 and 2010 statistics, petroleum production only rose about 3 percent. And the level for 2010 is only 11 percent higher than for the lowest year in that eight-year period. So the increase the president is referring to is not particularly dramatic.

The second caveat is that the Energy Information Administration projects that production totals are poised to fall from their current levels over the next two years.

Domestic crude oil production, the agency says, is projected to decline by 110,000 barrels a day in 2011 and by an additional 130,000 barrels per day in 2012. The agency makes that projection based on expected production declines in Alaska due to maturing oil fields. Production in the Gulf of Mexico is also projected to decline. Both are partially offset by projected increases in the Lower 48 states, but on balance, EIA sees the numbers falling.

No wonder conservatives here almost never deal in facts and rely almost exclusively on rhetoric.
Is that right?

04-23-2011, 01:48 AM	#27
Shootohoist Join Date Oct 2005 Posts 478 Senior Member	Here's a wild idea, let's look at real data! US Oil Production: I have an idea. How about we use ALL the data? From your link..... First, production levels actually have been quite stable over the eight-year period. Comparing 2009 and 2010 statistics, petroleum production only rose about 3 percent. And the level for 2010 is only 11 percent higher than for the lowest year in that eight-year period. So the increase the president is referring to is not particularly dramatic. The second caveat is that the Energy Information Administration projects that production totals are poised to fall from their current levels over the next two years. Domestic crude oil production, the agency says, is projected to decline by 110,000 barrels a day in 2011 and by an additional 130,000 barrels per day in 2012. The agency makes that projection based on expected production declines in Alaska due to maturing oil fields. Production in the Gulf of Mexico is also projected to decline. Both are partially offset by projected increases in the Lower 48 states, but on balance, EIA sees the numbers falling. No wonder conservatives here almost never deal in facts and rely almost exclusively on rhetoric. Is that right?
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