The president gets a Half-Full because while drilling is up, analysts don’t give him the credit for the increase over the past three years. They says oil production rose because of projects approved before Obama took office.
In truth, there is little the president can do to bring immediate relief at the pump, but he’s still getting beat up by the public, many Republicans and even some fellow Dems who believe increasing domestic supply will soften prices.
FuelFact noted that Obama fought back against his critics last week during a speech in Maryland about his energy policy: “First of all, we are drilling,” he said. “Under my administration, America is producing more oil today than at any time in the last eight years. That’s a fact. We’ve quadrupled the number of operating oil rigs to a record high. I want everybody to listen to that — we have more oil rigs operating now than ever.”
During President Obama’s administration, crude oil production has risen to levels not seen since May 2002, according to the U.S. Energy Information Administration. The U.S. produced more than 182 million barrels of crude oil in December in 2011, the most recent available statistics with the agency. The number is a bit lower than the 183 million barrels produced in May 2002, FuelFact notes.
Read more of the analysis here.
Georgia-based fried chicken chain would go up against Raising Cane’s, Chick-fil-A and others (like the Popeyes near its proposed location).
A Scott businessman has pleaded guilty to failing to report a conspiracy to award Opelousas Housing Authority construction bids to his company.
Court-appointed examiner says Lafayette businessman was “effectively on both sides” of transactions, opens door for legal action against him.
Lafayette-based insurance broker/risk management group bought by Florida firm for undisclosed sum; principals Landry and Harris continue to run local operations.
The House labor committee rejected bills Thursday that would have set the state minimum wage higher than the hourly federal rate of $7.25 and would have allowed local governments to set their own minimum wage.
Of the major oil- and gas-producing states, Louisiana gained nine rigs, Texas increased by seven, California gained three and New Mexico increased by one.
The Louisiana Workforce Commission said Friday that initial claims rose to 2,101 from the previous week's total of 1,985. There were 2,444 initial claims during the comparable week in 2013.
Eleven Senate Democrats, including Louisiana's Mary Landrieu and five others who face contested races this year, urged President Barack Obama on Thursday to approve the Keystone XL oil pipeline by the end of May.
In a press release issued Wednesday, BancorpSouth announced a deal to acquire Knox Insurance Group of Lafayette.
Get ready for Tenacious Tuesday, ladies, ’cause it’s returning, too.
The drug companies said Tuesday they will “vigorously challenge” the decision, which was handed down by a Lafayette jury in federal court Monday.
The gap comes from a $35 million increase in enrollment growth and a $20 million “cash flow issue” which Education Superintendent John White did not explain.
Two additional tenants sign letters of intent for Phase I of lifestyle center.
The attorneys representing the Southeast Louisiana Flood Protection Authority-East in its lawsuit against 97 oil and gas companies may have just quashed the main line of criticism coming from Gov. Bobby Jindal and the Louisiana Oil and Gas Association.
It’ll be another week before Rep. Joel Robideaux’s House Bill 862 — an attempt at making it more cumbersome for parish governments to sue oil and gas companies — undergoes its first round of debate.
The civil complaint alleges that Joyce Bougere-Keyes prepares federal income tax returns for customers who report fabricated and/or inflated business income and expenses to maximize the amount of the Earned Income Tax Credit her customers claim.
Because... greedy trial lawyers?
Landrieu is chair of the U.S. Senate committee that deals with energy policy. The lawsuit puts her between two areas in which she's been a strong advocate: rebuilding Louisiana's coast and supporting the oil and gas industry.
Each facing 20 years in prison, couple are last two defendants in a 10-count indictment to plead guilty.
The Louisiana Workforce Commission said Friday that initial claims fell to 1,985 from the previous week's total of 2,131. There were 1,663 initial claims during the comparable week in 2013.
Tyrone Ben, a human resources manager for a mental health and counseling service in Chalmette, became the second of two nominees that could fill the seat now held by Tim Doody on the Southeast Louisiana Flood Protection Authority-East.
Local Latter & Blum company now second only to sister entity in New Orleans
Under a bill that received the backing of a Senate judiciary committee, a person would be limited to 10 short-term loans a year from payday lenders.
Chitimacha Louisiana Open fans enjoy garden party at sunset
Area hospitality guru adds to his growing list of properties