It’s official. There is now more oil and gas drilling occurring under the Obama administration than under the administrations of George W. Bush, Bill Clinton, George H.W. Bush, and the second half of the Reagan administration.
Salem Gebrekidan at Reuters has the story:
“The number of rigs drilling for oil in the United States this week reached a record high in at least 24 years as producers scrambled to tap resources in unconventional oil fields in North Dakota, Texas and other states, data from an oil services firm showed on Friday.
“U.S. oil rigs rose to 1,080, the highest number on Baker Hughes’ data, which goes back to 1987. The oil-directed rig count this week is 55.4 percent higher than a year ago, when 695 rigs were operating.”
Read the full story.
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