NY Times credits Bush, Cheney with US energy surge

[Chris_]

NY Times credits Bush, Cheney with US energy surge

Not only has the United States reduced oil imports from members of the Organization of the Petroleum Exporting Countries by more than 20 percent in the last three years, it has become a net exporter of refined petroleum products like gasoline for the first time since the Truman presidency. The natural gasindustry, which less than a decade ago feared running out of domestic gas, is suddenly dealing with a glut so vast that import facilities are applying for licenses to export gas to Europe and Asia.

National oil production, which declined steadily to 4.95 million barrels a day in 2008 from 9.6 million in 1970, has risen over the last four years to nearly 5.7 million barrels a day. The Energy Department projects that daily output could reach nearly seven million barrels by 2020. Some experts think it could eventually hit 10 million barrels — which would put the United States in the same league as Saudi Arabia.

The Bush administration worked from the start on finding ways to unlock the nation’s energy reserves and reverse decades of declining output, with Mr. Cheney leading a White House energy task force that met in secret with top oil executives. [...]

The Bush administration also opened large swaths of the Gulf of Mexico and the waters off Alaska to exploration, granting lease deals that required companies to pay only a tiny share of their profits to the government.

New York Times via Hot Air

Oh my.

[I_B_Perky]

Oh that ought to leave a mark on the libbies. I wonder how long it will be before they start yelling that the NY Times is "hate newspaper"?

[CG6468]

Uh-oh.

[Chris_]

Oh that ought to leave a mark on the libbies. I wonder how long it will be before they start yelling that the NY Times is "hate newspaper"?

I prefer the term "right-wing mouthpiece".

[Kyle Ricky]

You won't see that on MSNBC

[thundley4]

You won't see that on MSNBC

I wouldn't be surprised if it disappears like the stories of Malia's Mexican vacation for spring break.

[DumbAss Tanker]

This may signal that the while the NYT is never going to be pro-GOP, they may have decided they have more to lose than to gain by going large on backing Obama.