Is President Obama’s “all of the above” energy policy a success? Or a climate failure?
A report issued recently by Bank of America declared the United States has now surpassed Saudi Arabia as the world’s largest oil producer. The daily output average for the first quarter of 2104 exceeded 11 million barrels, a significant increase from the previous quarters’ (Sept-Dec 2013) average of 7 million barrels, according to the International Energy Agency.
The expansion of domestic oil production in the U.S. has been significant under President Obama, supported by his “all of the above” — or rather the American Petroleum Institute's “all of the above” — energy strategy which has overseen a four-fold increase in drilling rigs under his administration.
News of the surge in U.S. oil production was reported almost concurrently with the release of another news item: global climate scientists have again reported historically high levels of atmospheric carbon. As reported by Climate Central, June 2014 was the third month in a row in which carbon dioxide levels in our atmosphere topped an average of 400 parts per million — a level not seen on Earth in at least 800,000 years.
Dr. Pieter Tans, a senior climate scientist with the National Oceanic and Atmospheric Administration, said, “As long as human society continues to emit CO2 from burning fossil fuels, CO2 in the atmosphere and oceans will continue to increase…..It is urgent that we find a way to transition to non-carbon fuels as our source of primary energy.”
Despite these warnings, Obama’s “all of the above” policies have in fact supported the increased development of key fossil fuel production sectors: