Number of New Oil Wells and New Leases Have Decreased Under Obama, Data from BLM Show

[Dammy]

http://cnsnews.com/news/article/num...ases-have-decreased-under-obama-data-blm-show

In fiscal year 2008, the last official year of the President George W. Bush’s administration, 5,044 new oil wells were started, meaning that actual drilling began, which is what oil firms refer to as “spudding in” or to “spud” a well bore. In FY 2009, however, in Obama’s first year as president, there were 3,267 wells spudded, a decline of 1,777.

In addition, the Obama administration spudded 3,166 new wells in fiscal year 2010 and 3,260 in FY 2011, according to the Bureau of Land Management. That’s still less than the number of wells spudded, per year, under Bush in 2008, as well as the number in 2007 – 5,343 wells – and in 2006 – 4,708 wells.

The number of new oil drilling leases also declined under Obama, according to the Bureau of Land Management. In FY 2008, there were 2,416 leases issued for operations on federal lands.

In FY 2009, however, the number of new leases issued fell to 2,072, according to the Bureau of Land Management. In FY 2010, the number was lower still at 1,308; and in FY 2011, the number was 2,188. In every year of the Obama administration, the number of new leases issued was lower than in Bush’s last year.

I wonder how many more lies that Obama will speak of that the mainstream media will ignore?