Your Federal Government (NOT) At Work -- This Pretty Much Says It All; Federal Oil Production Down 7% Over Last Five Years; States' Oil Production --> Energy Independence; USA Oil Production Surpasses Saudi's; Another Presidential Speech Coming? Hugo Chavez Dead: Who Attends the Funeral?

 Oil & Gas Journal is reporting:

While US oil and gas production has climbed to its highest level in 2 decades, all of the growth since 2007 has occurred outside federally controlled areas where production actually declined, a recent report from the nonpartisan Congressional Research Service found.

“Where the states have been in charge, we have seen energy development boom in a safe and responsible way, but under federal control we have seen a sharp decline in production,” he declared. “A web of red tape and a backlog of delayed permits are blocking important energy production opportunities on federal lands.”

All of the fiscal 2007-12 US crude oil production increase took place outside nonfederal areas onshore and offshore [incredible], and the federal share of total domestic crude output fell by about seven percentage points during that period, the report said.

So, if the federal government was permitting oil and gas projects BEFORE the sequester, we shouldn't see any difference in permitting AFTER the sequester. 

Let's see: who's been in charge since 2007? Who's taking the credit for America's incredible oil production?

Domestic oil and gas production, which has increased each year President Obama has been in office, is part of his all-of-the-above strategy to develop every available source of American energy.

Slow-rolling the American public. Slow-rolling the oil and gas industry.

***************************

Hugo died. Who will attend the funeral? The president, vice president, SecState, senior senator from Nevada?

***************************

USA surpassed Saudi Arabia in oil production in November, 2012, the first time in a decade.

From CarpeDiem:

However, based on international monthly oil production statistics from the EIA currently available through November 2012, the United States surpassed Saudi Arabia’s petroleum output in November.  

Thanks to the significant increases in shale oil production in North Dakota and Texas, total oil output in the US expanded by more than 7% between August and November, while output in Saudi Arabia fell by 4% during that period. Those trends brought “Saudi America’s” petroleum output in November (11.65 millions bbl/d) above Saudi Arabia’s production (11.25 million bbl/d) by 400,000 barrels per day, and is the first time in more than ten years (since August 2002) that the US has produced more petroleum products than Saudi Arabia.

And back in 2007, Marathon considered the Bakken a "marginal" play.