To the Editor:
As reported in the Feb. 28 issue of The Free Press Standard, in response to a constituent’s question about high gas prices during his recent town hall meeting in Carrollton, U. S. Rep. Bill Johnson said the United States “gets most of its oil from overseas.” That’s hardly half the story.
“If we want to drive prices down, we start by increasing domestic production right here at home,” Johnson added. As a matter of fact, the U. S. is increasing domestic production dramatically, but prices keep going up.
Such facts are easily verifiable by anyone who does his homework, instead of spewing corporate propaganda.
In 2012, domestic U. S. oil production reached 6.4 million barrels per day, the highest since 1997 when Bill Clinton was president and up from only 5 million barrels per day in 2008 when George W. Bush was president.
Just last month, domestic production hit 7.1 million barrels per day, the highest since 1992, according to Investor’s Business Daily. Imports are down to 7.7 million barrels per day from 9.1 million barrels per day a year ago.
Thanks to stiffing Johnson’s constituents at the gas pumps and reducing their workforces by 11,200 employees in recent years, the big five oil companies, which include British Petroleum and Royal Dutch Shell, reaped well over $100 billion in profits last year.
Meanwhile, the big five have spent $100 million for lobbying on Capitol Hill since 2011. Does anybody wonder why our political leaders care more about the oil industry than they do about we, the people?