Sometimes the stuff politicians say in this town just blows my mind. Check out the video below of Interior Secretary Ken Salazar telling the House Natural Resources Committee a whopper earlier today.
Salazar claims oil production in the Gulf of Mexico has remained at "an all-time high" despite the Deepwater Horizon disaster and the federal moratorium and permatorium that have stopped all deepwater drilling activity, put thousands of people in Texas, Lousiana, Mississippi and Alabama out of work, and kept the region's energy economy mired in a deep recession.
But according to the Department of Energy's Energy Information Administration, Gulf oil production has dropped nearly 300,000 barrels per day since the Deepwater Horizon tragedy. Imports of foreign oil have not slowed as a result of the Middle East crisis, so it must be the Gulf slowdown that is forcing retailers to raise gas prices.
Friday, March 04, 2011
It's getting to the point where we can't believe a single thing coming out of the Obama administration. These people lie with unabashed arrogance never before seen.
Posted by traderrob at 5:14 AM