Why is Obama Lying About US Oil Reserves?

Why is Obama Lying About US Oil Reserves?

from OilPrice.com Daily News Update by MasterResource@oilprice.com (MasterResource )

“With only 2% of the world’s oil reserves, we can’t just drill our way to lower gas prices,” President Barack Obama said in his weekly address March 10. “Not when we consume 20% of the world’s oil.” The claim is, if not blatantly false, at best grossly misleading. If the President didn’t know this, some advisors should be dismissed. If he did, he needs to accept the blame and formally correct it.As Investors Business Daily explained, … the figure Obama uses—proved oil reserves—vastly…Read more...