Ex-Shell Oil President: 'Obama Had Nothing to Do With America's Oil Boom'
John Hofmeister says Obama's policies only hindered oil production
Former Shell Oil President John Hofmeister has publically schooled Barack Obama over his recent claim that he was responsible for the recent oil boom in the United States.
As Neon Nettle previously reported, Obama attempted to take credit for the boost in oil production and America's flourishing economy during a Trump-bashing speech at a Rice University gala in Houston on Tuesday.
“I was extraordinarily proud of the Paris accords because ... I know we’re in oil country and we need American energy and, by the way, American energy production,” Obama told the audience,
“You wouldn’t always know it, but it went up every year I was president. That whole, suddenly America’s like the biggest oil producer and the biggest gas — that was me, people," he added to applause.
Obama: "Suddenly America is the largest oil producer, that was me people ... say thank you." pic.twitter.com/VfQfX1SR0x— Tom Elliott (@tomselliott) November 28, 2018
Hofmeister slammed Obama in response during an appearance on "Fox & Friends" while picking apart the former president’s assertions.
According to Hofmeister, Obama had nothing to do with the increase in production.
Adding a further blow to the ex-POTUS's shaky claims, for the former Shell exec confirmed that Obama's policies only "frustrated" oil production.
SCROLL DOWN FOR VIDEO
“The facts are the facts. And, yes, the production did increase throughout his term,” Hofmeister said 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 said Obama rejected the energy industry at every turn with his efforts against offshore drilling and his handling of the Keystone Pipeline.
“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,” he 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 added.
Hofmeister revealed that Obama mostly slowed production down when it came to carbon-based fuel regulations.
“He can take credit for all he wants, but whether people believe him or not, it depends upon how much history do you really know and how much history do you want to reinvent,” said Hofmeister.