After Bush Era Decline, US Now World’s Top Oil ProducerSubmitted by GBAmerica on Fri, 03/15/2013 - 10:14
Oil Output Suppressed, Lowered by Bush/Cheney/Enron Manipulation
By Gordon Duff, Senior Editor | Veterans Today
America is now the top oil producer in the world, nearly a 45% increase today over the worst dip in production during the Bush market crash. In fact, over the entire Bush administration, oil production in the US maintained a steady decrease despite endless new areas made available to drilling, some at high environmental risk.
Moreover, mismanagement, corruption and cronyism at the hands of “oil experts,” which Bush and Cheney claimed to be, were, in actuality disastrous for the US oil industry. Not only was oil production down but refinery construction and fuel exports also lagged.
The graph below, supplied by the highly conservative American Enterprise Institute, provides damning evidence of the hidden failures of the corrupt Bush era. While Americans fought and died around the world to provide cheap and even stolen oil for the world market, American production of crude, of gasoline and other fuels, not just fell, America’s oil infrastructure collapsed as well.
The problem was short sighted lack of investment and policies that encouraged speculation over development.
Everything most Americans were led to believe about our oil economy and White House expertise under Bush 43 was a lie.