Chart of the Day: President Obama Hates Oil Drilling

Test ticker

Monika Bauerlein,
CEO

Dear Reader,

December is make-or-break for Mother Jones’ fundraising. We have a $350,000 goal that we simply cannot afford to miss. And in "No Cute Headlines or Manipulative BS," we explain, as matter-of-fact as we can, how being a nonprofit means everything to us. Bottom line: Donations big and small make up 74 percent of our budget this year and are urgently needed this month, and all online gifts will be matched and go twice as far until we hit our goal. Please pitch in if you can right now.

December is make-or-break for Mother Jones’ fundraising, and in "No Cute Headlines or Manipulative BS," we hope that giving it to you as matter-of-fact as we can will work to raise the $350,000 we need to raise this month. Donations make up 74 percent of our budget this year, and all online gifts will be matched and go twice as far until we hit our goal.

Get your news from a source that’s not owned and controlled by oligarchs. Sign up for the free Mother Jones Daily.

This comes via Stuart Staniford, and it’s not really anything new. Still, I wonder how many people realize just how strongly the oil industry has boomed under the Obama administration? The shale gas boom (red line) has petered out since the mid-2000s thanks to falling prices, but the number of working rotary oil rigs (blue line) has skyrocketed since January 2009. (A rotary rig is one used to explore for new oil.) If President Obama is hostile to new oil exploration, he sure has a funny way of showing it.