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February 22, 2015

Obama Repeats Low Gas Prices Boast

Once again, Barack Obama happily takes credit for cheaper prices at the gas pump. “As Democrats, we believe in reducing our dependence on foreign oil and protecting our planet,” Obama said Friday. “Today, America is number one in oil; number one in gas; number one in wind power. Every three weeks, we bring online as much solar power as we did in the entire year of 2008. And thanks to lower gas prices and higher fuel standards, the typical family should save about 750 bucks at the pump.” As we have said every time he repeats this empty boast, Obama has nothing to do with lower oil prices, unless “despite his efforts” counts. According to The Daily Caller, “The U.S. went from producing 5 million barrels per day in 2008 to nearly 7.5 million barrels per day in 2013 – a huge increase, but one that almost exclusively took place on private and state lands. Obama has little to no control over private and state lands. He does, however, have control over federal lands where oil production has been faltering. … From 2009 to 2013, crude oil production [on federal lands] fell from 1.8 million barrels per day to 1.7 million barrels per day, according to the Congressional Research Service.” Obama knows low gas prices benefit everyone – especially the middle class he’s so fond of these days – but if it were really up to him we’d all be driving Chevy Volts and paying $10 a gallon. More…

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