Editorial: Obama falsely claims credit for America's energy boom

◼ During the Friday event at which President Obama announced $2 billion in new green energy subsidies, he erroneously credited his administration's "all of the above" energy policy for the nation's increased oil and gas production. "We produce more oil than we have in 15 years," he said. "We import less oil than we have in 20 years. We're producing more natural gas than we ever have before -- with hundreds of thousands of good jobs to show for it." - Washington Examiner Editorial

...Obama's energy policy has done nothing positive for the current boom in the "unconventional" (shale and tar sands) oil and gas extraction industry -- a boom that has providentially boosted employment, improved the nation's balance of trade, and probably saved the incumbent president from defeat last November. Further, Obama's policy has actually reduced oil and gas production on federal lands, where it genuinely falls under Obama's power. A recent study by the Congressional Research Service found that all of the increased production from fiscal years 2007 to 2012 took place on nonfederal lands....

Obama has made no secret of his goal of getting America off oil completely. His latest plan to subsidize green energy is funded by $2 billion in fees on oil and gas companies. He announced in his Saturday radio address that his goal is to "shift our cars and trucks off of oil for good."

How much more important will American oil production have to become to the health of the economy before Obama gives up on his ideologically charged defiance of economics and embraces oil and gas as the fuels of America's next century?