The only thing saving industrial production in this country since 2007, up less than 5%, has been fracking to mine oil and gas

It has had little to do with Trump or Obama either way, political support or no political support.

The only thing giving an additional recent boost to oil and gas was the 2015 bipartisan agreement to end the oil export ban, signed by Obama.

Industrial production from all mining categories is up almost 17% 2015-2019, and a whopping 53% 2007-2019.

Industrial production from coal mining, a subset of this like oil and gas, is down over 39% since 2007, and 21% since 2015 despite Trump's promise to restore the industry. Industrial production from base metals mining is up less than 3% since 2007. Industrial production from gold and silver mining is down almost 15%.

Industrial production from crude oil mining is up a whopping 140% since 2007, and from natural gas 79% from 2007 through November 2019 on an average basis.

Otherwise it's a sorry picture.

Industrial production from manufacturing is down 1.3% 2007-2019, despite Trump running on bringing manufacturing back to the United States.

And industrial production from electric and gas utilities has grown a paltry 2% 2007-2019.

It's all mining of crude oil and natural gas.

If the anti-capitalist climate kooks get their way, we're all in big trouble.

150 big spending House Republicans gave away the store in December 2015 in exchange for lifting the oil export ban

The Roll Call vote is here.

Since the vote on Dec. 18, 2015 what we got in return is US debt to the penny increasing by $2.33 trillion through 4/9/18, or 12%, and the price of a gallon of gasoline climbing by 65-cents, or 33%.

Way to go, Brownie!

Dumb shit Senate absentee Marco Rubio doesn't realize decades-old oil export ban was already rescinded last December

Noted here:

Rubio told supporters he would lift the ban as president at a private fundraiser in Texas Friday, and his campaign website has an entire page devoted to the need to lift the ban. “I would also allow American oil producers to be able to export,” Rubio said, when asked what he would do about poor oil prices as president. “Right now we’re not allowed to export.”

Congress lifted the ban in December as part of the $1.1 trillion omnibus spending bill it passed. “Oil companies rush to exploit end of U.S. crude export ban,” reported Reuters in the wake of the vote that ended a 40-year ban on crude oil exports. ...

Rubio missed the omnibus vote, opting to campaign for president instead. He later chalked up his absence to a vote against a bill full of “garbage.” “The outcome is already predetermined,” he told Greta Van Susteren on Fox News in December.

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Rubio is so out of touch he doesn't even realize Republicans gave away the store just to get the export ban lifted.

US could join this list of the world's top oil exporters thanks to relaxation of 1974 oil export ban yesterday

Export of up to 1 million barrels per day could put the US in 16th or 17th on this list from the US Energy Information Administration by the end of 2015.

The global oil war just got even more interesting: Dept. of Commerce relaxes export ban

With a tip o' the hat to Andrew Critchlow at the UK Telegraph, Reuters reported just a couple of hours ago that the US Dept. of Commerce has announced relaxation of some parts of the 1974 US oil export ban, here:

(Reuters) - The Obama administration has opened a new front in the global battle for oil market share, effectively clearing the way for the shipment of as much as a million barrels per day of ultra-light U.S. crude to the rest of the world.

The Department of Commerce on Tuesday ended a year-long silence on a contentious, four-decade ban on oil exports, saying it had begun approving a backlog of requests to sell processed light oil abroad. It also issued a long-awaited document outlining exactly what kinds of oil other would-be exporters can ship. ...

... the impending swell of U.S. petroleum into global markets may intensify what many analysts say is a pivotal oil market war, with Saudi Arabia and the Organization of the Petroleum Exporting Countries (OPEC) unwilling to yield ground. Now they will face even greater competition beyond U.S. shores.