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“Energy is under siege by the Obama administration. Under absolutely siege,” Trump said.
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Production of natural gas and oil has soared in the Obama years. For that we can thank the aggressive raising of capital, the refinement and continuous improvement of fracking, and the government either encouraging the trend or largely staying out of the way. Environment regulations have not tamped down drilling for oil and natural gas in any meaningful way. Oil production has risen in each of the first seven years of the Obama administration, and the 2015 production total was nearly twice that of 2005. (Oil production is down a bit so far in 2016, largely due to low prices.) Natural gas production has likewise boomed, rising 40 percent between 2005 and 2015 to a record 32.9 trillion cubic feet.