In fiscal year 2008, the last official year of the President George W. Bush’s administration, 5,044 new oil wells were started, meaning that actual drilling began, which is what oil firms refer to as “spudding in” or to “spud” a well bore. In FY 2009, however, in Obama’s first year as president, there were 3,267 wells spudded, a decline of 1,777.
Fiscal year 2008 was from October 2007 through September 2008; fiscal year 2009 was from October 2008 through September 2009. President Bush’s last year in office ended on Jan. 20, 2009, when Barack Obama was inaugurated.
In addition, the Obama administration spudded 3,166 new wells in fiscal year 2010 and 3,260 in FY 2011, according to the Bureau of Land Management. That’s still less than the number of wells spudded, per year, under Bush in 2008, as well as the number in 2007 – 5,343 wells – and in 2006 – 4,708 wells.
1 comment:
Who ya gonna believe? Official government reports and statistics, or obama, because one of them ain't telling the truth. Of course, when you are talking about a Harvard Law School graduate who said it was "unprecedented" for the Supreme Court to overrule Congress, well, there's a hint.
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