by Nicolas D. Loris
The Heritage Foundation
May 07, 2014
Production of crude oil in the United States is up to 8.36 million barrels per day—the highest since January 1988. The increased supply of oil has widespread economic benefits, but a new Congressional Research Service report shows that when the numbers are broken down by ownership it becomes clear that the situation could be even better. Although oil production overall has almost doubled in less than six years, production continues to fall on federally owned land areas. A more streamlined and efficient environmental review and permitting process would be welcome, but the best solution would be for Congress to devolve energy production decisions regarding federal lands to the states.



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