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Administration Oil Strategy Contributes to Price Increases

Administration Oil Strategy Contributes to Price Increases

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Published by Energy Tomorrow
The administration says its policies have supported more development and that oil production is rising, but most of today’s production increases relate to projects begun before it came into office as well as to what is happening on state and private lands. Moreover, from 2009 to 2011, production from federal lands and federal waters combined declined significantly for both oil and natural gas.
The administration says its policies have supported more development and that oil production is rising, but most of today’s production increases relate to projects begun before it came into office as well as to what is happening on state and private lands. Moreover, from 2009 to 2011, production from federal lands and federal waters combined declined significantly for both oil and natural gas.

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Published by: Energy Tomorrow on Mar 30, 2012
Copyright:Attribution Non-commercial

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07/26/2014

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