Uh, no. He hasn't. I've oft heard it claimed (by some of our resident Obama lovers) that he has reduced oil imports during his time as President. Mish explains it much better than I could. http://globaleconomicanalysis.blogspot.com/2012/03/president-obamas-lies-regarding-us.html The Los Angeles times notes Obama, chart in hand, presses his case on gas prices As rising gas prices are putting pressure on politicians to act, President Obama called on Congress to vote quickly to eliminate subsidies for the oil industry, returning to a favorite target the president. Obama repeated his case, outlined in a speech last week, that there is "no silver bullet" to rising gas prices. He highlighted his administration's effort to reduce dependence on foreign oil and boost development of alternative energy. This week he introduced a new prop to illustrate his point. As Obama spoke, a chart popped up on television screens behind him. The graph showed U.S. dependence on foreign oil falling since 2005 -- from 60% of net imports to 45% in 2011. The White House handed out copies to the crowd. Obama told them to take it home -- "it makes for a great conversation piece at parties." "Now, one reason our dependence on foreign oil is down is because of policies put in place by our administration and my predecessorâs administration. And whoever succeeds me will have to keep it up." Really? No, Not Really? The Facts show that President Obama is disingenuous at best, and a blatant liar at worst. I lean towards the latter. Reader Tim Wallace provides charts to prove it. Petroleum Distillates Usage That looks pretty good, doesn't it? But what the heck does it have to do with reduction in foreign demand, and more importantly, Obama's role (or lack thereof) in achieving those gains. For the answer to those most pertinent questions, let's display the usage in terms of foreign demand. Petroleum Distillates Percentage Usage Chart Explanations Reader Tim Wallace writes ... There you have it. President Obama absolutely did not cut dependency on foreign oil. In fact, foreign oil dependency rose from roughly 37% to 40% under his administration. To be more precise, foreign petroleum usage in his administration went from 37% to a peak of 41% last year, currently at 39.9%. The only way Obama can take credit for the decline in consumption caused by the recession, is to take credit for the recession itself. Mike "Mish" Shedlock
"Now, one reason our dependence on foreign oil is down is because of policies put in place by our administration and my predecessorâs administration. And whoever succeeds me will have to keep it up." ----------------------------- "And whoever succeeds me will have to keep it up." Gees that's an odd statement. You'd think during an election year he would have said something like "...and I'll continue to follow these policies if elected " or something of the sort. These are Obama's direct words, he' an orator hence carefully choosing his words, Secondly. the use of the word "predecessor" while giving credit to Bush but when shit is wrong he flat out blames Bush and uses his name directly. Next up, our narcissist in chief uses the word "our" admisitration not the posessive "my". Obama either has found Jesus or is growing up or preparing for defeet. Now I know this is trivial but Obama's success has been the result of paying attention to detail and "marketing 101". p.s. Defeet -generally means the recipient is being told to get lost and don't come back.
Can you post links to these claims by ET resident Obama lovers ? I dont recall seeing many ET Obama supporters making this claim often as you have suggested
OK hypocrite, then what was the implication of this thread that you started? Obama announces new oil drilling http://www.elitetrader.com/vb/showthread.php?s=&threadid=220621 Or this tidbit from YOUR post? THE FACTS: The Obama administration issued more than 200 new drilling permits before the Gulf oil spill alone. Over the past year, since new safety standards were imposed, the administration has issued more than 60 shallow-water drilling permits. Since the deep water moratorium was lifted in October, nine new wells have been approved. http://www.elitetrader.com/vb/showthread.php?s=&postid=3222977&#post3222977 Or this Obama "achievement" that you spammed in several posts? Oil-signed a bill that allowed more oil drilling right before the gulf spill http://www.elitetrader.com/vb/showthread.php?s=&postid=3152379&#post3152379 http://www.elitetrader.com/vb/showthread.php?s=&postid=3150614&#post3150614 http://www.elitetrader.com/vb/showthread.php?s=&postid=3147778&#post3147778
And Obama and the Democrats keep yelling that crude production in the U.S. is at an all time high. It's just another lie by the left. It's not even close to being true. <img src="http://www.eia.gov/dnav/pet/hist_chart/MCRFPUS1a.jpg"> http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPUS1&f=A
Did they say all time high? Or did they it is better? The hard right edge of the chart is what is relevant, we talked about this before.