A former president of Shell Oil slammed former President Barack Obama for trying to take credit for America’s oil boom this week.
Obama appeared at Rice University’s Baker Institute on Tuesday and told his audience that he was responsible for creating America’s newfound preeminence in the gas and oil industries.
“You wouldn’t always know it, but it went up every year I was president,” the arrogant ex-president insisted. “That whole — suddenly America’s like the biggest oil producer and the biggest gas — that was me, people.”
But John Hofmeister, the former top man at Shell Oil Company, ridiculed the idea that Barack Obama had anything to do with America’s oil boom.
“The facts are the facts. And, yes, the production did increase throughout his term,” Hofmeister told the hosts of Fox & Friends on Thursday. “But, frankly, he had nothing to do with it.”
“This was production in states like Texas, Oklahoma, Pennsylvania, Ohio, Colorado — North Dakota in particular. And these were all state decisions made with industry applications for permits. The federal government had no role,” Hofmeister continued.
Indeed, Hofmeister noted that Obama and his anti-oil administration opposed the oil industry at every turn.
“If anything, he was trying to frustrate the efforts by taking federal lands off of the availability list — putting them just, no more drilling [sic]. He shut down the Gulf of Mexico for a period of six months,” the oil man said.”[He] changed the regulations from an average of 60 to 80 pages per permit to 600 to 800 pages per permit. He also never approved the Keystone XL pipeline after dangling all the potential customers for eight years. And it was in the eighth year when he said no Keystone Pipeline.”
“I would say that he was not a leader when it comes to energy,” Hofmeister concluded.
Follow Warner Todd Huston on Twitter @warnerthuston.