Tags: Energy | oil | gas | Obama | Bush | Issa

Rep. Issa: Obama Benefits from Bush’s Energy Policy

Wednesday, 29 Feb 2012 02:43 PM

By Dan Weil

When Barack Obama ran for president in 2008, he framed much of his candidacy as a referendum against then-President George W. Bush. But Rep. Darrell Issa, R-Calif., points out that Obama should be grateful for the former president’s energy policies, Politico reports.

“Bush opened up areas to drilling, and drillers became much more efficient. They almost never hit a dry hole. They get more extracted from existing wells than ever before, and the president is benefiting from that,” Issa said on the “Fox & Friends” show.

“So it’s very, very clear. Yes, he’s enjoying the benefits of his predecessor, not a 20-year-ago predecessor [but] a three-year-ago predecessor.”

Yet thanks to Obama, our energy supplies will soon be endangered, Issa said, according to Politico. “With lower amounts of permits, areas being closed. What’s going to happen is, whether he wins second term or not, that’s going to begin to dry up as that three- to seven-year cycle starts to go the wrong way.”

The way it works is that the permit process for drilling takes a few months to years, he said. Then, “you’re only talking about three years to have full production, about seven years of useful life.”


© 2015 Newsmax. All rights reserved.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Judicial Watch: State Dept. Sent Inaccurate Benghazi Press Release

Tuesday, 27 Jan 2015 11:54 AM

In the latest round of documents obtained by Judicial Watch as part of its lawsuit against the Obama administration over . . .

Pence Wins Approval to Expand Medicaid in Indiana on State Terms

Tuesday, 27 Jan 2015 11:09 AM

Indiana has won federal approval to accept Medicaid expansion under President Barack Obama's health-care overhaul using  . . .

The Hill: Sharyl Attkisson to Testify at AG Nominee Hearing

Tuesday, 27 Jan 2015 10:51 AM

Investigative journalist Sharyl Attkisson, who has filed a $35 million lawsuit against the Obama administration for alle . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved