Cartoon: Where Obama Won’t Drill For Oil


Very telling summary in one cartoon, by Michael Ramirez:

References here and here.

No wonder among all these 40+ charts detailing his economic achievements, a bunch show gas prices spiking upwards!

And some graphics on what is mentioned above…

Via The Gateway Pundit:

Via Death By 1000 Papercuts, Red Planet Cartoons on the ANWR:

And from The Gateway Pundit on offshore drilling:

And get this via AoSHQ: RECOVERABLE OIL IN COLORADO, UTAH, WYOMING “ABOUT EQUAL TO ENTIRE WORLD’S PROVEN OIL RESERVES” COMBINED

See also related:


2 Responses to “Cartoon: Where Obama Won’t Drill For Oil”

  1. Ron Says:

    The Boston Globe

    More US oil drilling doesn’t mean lower gas prices
    Statistical review finds no link between the two

    By Jack Gillum and Seth Borenstein | Associated Press
    March 22, 2012

    WASHINGTON — It’s the political cure-all for high gas prices: Drill here, drill now. But more US drilling has not changed how deeply the gas pump drills into your wallet, math and history show.

    A statistical analysis of 36 years of monthly, inflation-adjusted gasoline prices and US domestic oil production by the Associated Press shows no statistical correlation between how much oil comes out of US wells and the price at the pump.

    If more domestic oil drilling worked as politicians say, you’d now be paying about $2 a gallon for gasoline. Instead, you’re paying the highest prices ever for March.

    Political rhetoric about the blame over gas prices and the power to change them — whether Republican claims now or Democrats’ charges four years ago — is not supported by cold, hard figures. And that’s especially true about oil drilling in the United States. More oil production in the United States does not mean consistently lower prices at the pump.

    Sometimes prices increase as American drilling ramps up. That’s what has happened in the past three years. Since February 2009, US oil production has increased 15 percent when seasonally adjusted. Prices in those three years went from $2.07 per gallon to $3.58.

    US oil production is back to the same level it was in March 2003, when gas cost $2.10 per gallon when adjusted for inflation. But that’s not what prices are now.

    That’s because oil is a global commodity and US production has only a tiny influence on supply.

    When you put the inflation-adjusted price of gas on the same chart as US oil production since 1976, the numbers sometimes go in the same direction, sometimes in opposite directions. If drilling for more oil meant lower prices, the lines on the chart would consistently go in opposite directions. A basic statistical measure of correlation found no link between the two.

    “ ‘Drill, baby, drill’ has nothing to do with it,’’ said Judith Dwarkin, chief energy economist at ITG investment research. Two other energy economists said the same thing, and others in the field have been making that observation for decades.

    The statistics directly contradict the title of GOP presidential candidate Newt Gingrich’s 2008 book “Drill Here, Drill Now, Pay Less,’’ as well as the claims from the GOP presidential candidates.

    The late 1980s and 1990s show exactly how domestic drilling is not related to gas prices.

    Seasonally adjusted US oil production dropped steadily from February 1986 until three years ago. But starting in March 1986, inflation-adjusted gas prices fell below the $2-a-gallon mark and stayed there for most of the rest of the 1980s and 1990s. Production between 1986 and 1999 dropped by nearly one-third. If the drill-now theory were correct, prices should have soared. Instead they went down by nearly a dollar.

    When US production goes up, the price of gas “is certainly not going down,’’ Melnick said. “The data does not suggest that whatsoever.’’

    “Facts are stubborn things.”
    ~John Adams

  2. Ron Against Drilling Says:

    We and a number of other companies are on the look out for people with drilling equipment related skills. We constantly review websites such as this in our quest to find personal with drilling skills. We are based in the UK and our site is http://www.piling-equipment-ltd.com, our company offers drilling rigs for sale and employs many personnel with drilling equipment quals.

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