Ok, everyone all at once say, “I told ya so” to President Obama and his minions who refused to believe that increasing U.S. oil production would drive the price of gas into the ground.

Remember when President Obama mocked the call to “drill, baby, drill” as being nothing more than “a slogan , a gimmick, and a bumper sticker … not a strategy.”

Well, as his friend and pastor Jeremiah Wright would say, Obama’s petroleum drilling chickens have come how to roost.

 

take our poll - story continues below

Do you think the 2nd Amendment will be destroyed by the Biden Administration?(2)

• Do you think the 2nd Amendment will be destroyed by the Biden Administration?  

• Do you think the 2nd Amendment will be destroyed by the Biden Administration?*
  • Yes.
  • Yes, but only parts.
  • Not a chance.
• Email*
• Comments
  This field is for validation purposes and should be left unchanged.

Completing this poll grants you access to Shark Tank updates free of charge. You may opt out at anytime. You also agree to this site's Privacy Policy and Terms of Use.

Today, Democrats are singing a different tune, as increased domestic drilling has led to a record supply of domestic crude, put some $100 billion into the pockets of U.S. consumers and sent world oil prices tumbling.

The price of a gallon of regular gasoline on Monday was $2.13 nationwide, and below $2 in 18 states.

Most of the domestic increase is due to “fracking” for tight oil in shale deposits across the U.S., as well as advances in directional drilling, where numerous pipelines diverge from a single platform in numerous directions, for a large cost savings.

But the gains, according to oil experts, come off private, not federal, lands.
Can you imagine how much lower the price of oil would drop, if Obama would allow oil drilling to be conducted on federal land?

Now Obama, as he always does, is trying to take credit for the drop in gas, which is saving Americans tens of millions of dollars.

Oil production on federal lands — those under the president’s control — fell 6 percent since 2009, according to the federal Energy Information Administration, while production on private lands increased 61 percent.

“America is the number one producer of oil, number one producer of gas. It’s helping to save drivers $1.10 a gallon at the pump over this time last year,” the president told a crowd last week in Detroit. -President Obama

Meanwhile, Obama has cut oil production on federal land by 6%.