Obama:"We've got 2% but use 20% of world reserves ---LIAR!!!

[healthmyths]

On March 7, 2012, Obama declared: “We've got 2 percent of the world oil reserves;
we use 20 percent. What that means is, as much as we're doing to increase oil production, we're not going to be able to just drill our way out of the problem of high gas prices.”
Obama Misleads on Oil Reserves, Networks Defend Him, Fail to Fact Check | NewsBusters.org

FACTS: LET's hold him to his EXACT words!!! 2% of world oil reserves!
HE didn't say "proven" did he? And there is a VERY VERY HUGE distinction here!
If HE HAD SAID "PROVEN" he would be 100% correct!

BUT when he says "not be able to drill"??? HE IS A LIAR!!!!
FACTS: USA uses 6.87 billion barrels a year!
Source:World Crude Oil Consumption by Year (Thousand Barrels per Day)

FACT: 4.7 TRILLION BARRELS in USA that Obama could open up!
100 feet or less of Gulf 2.8 billion barrels
Virginia 0.3
Anwr Alaska 10.0
Bakken formation 3,600
CO,UT,WY 1,100
total 4,713 billion barrels or at above consumption rate 686 YEARS!!
U.S. oil resources: President Obama’s ‘non sequitur facts’ - The Washington Post

 

[rdean]

On March 7, 2012, Obama declared: “We've got 2 percent of the world oil reserves;
we use 20 percent. What that means is, as much as we're doing to increase oil production, we're not going to be able to just drill our way out of the problem of high gas prices.”
Obama Misleads on Oil Reserves, Networks Defend Him, Fail to Fact Check | NewsBusters.org

FACTS: LET's hold him to his EXACT words!!! 2% of world oil reserves!
HE didn't say "proven" did he? And there is a VERY VERY HUGE distinction here!
If HE HAD SAID "PROVEN" he would be 100% correct!

BUT when he says "not be able to drill"??? HE IS A LIAR!!!!
FACTS: USA uses 6.87 billion barrels a year!
Source:World Crude Oil Consumption by Year (Thousand Barrels per Day)

FACT: 4.7 TRILLION BARRELS in USA that Obama could open up!
100 feet or less of Gulf 2.8 billion barrels
Virginia 0.3
Anwr Alaska 10.0
Bakken formation 3,600
CO,UT,WY 1,100
total 4,713 billion barrels or at above consumption rate 686 YEARS!!
U.S. oil resources: President Obama’s ‘non sequitur facts’ - The Washington Post

Shut up. You don't even know how capitalism works or what the "world market" is. What the fuck's wrong with you people?

 

[Old Rocks]

On March 7, 2012, Obama declared: “We've got 2 percent of the world oil reserves;
we use 20 percent. What that means is, as much as we're doing to increase oil production, we're not going to be able to just drill our way out of the problem of high gas prices.”
Obama Misleads on Oil Reserves, Networks Defend Him, Fail to Fact Check | NewsBusters.org

FACTS: LET's hold him to his EXACT words!!! 2% of world oil reserves!
HE didn't say "proven" did he? And there is a VERY VERY HUGE distinction here!
If HE HAD SAID "PROVEN" he would be 100% correct!
BUT when he says "not be able to drill"??? HE IS A LIAR!!!!
FACTS: USA uses 6.87 billion barrels a year!
Source:World Crude Oil Consumption by Year (Thousand Barrels per Day)

FACT: 4.7 TRILLION BARRELS in USA that Obama could open up!
100 feet or less of Gulf 2.8 billion barrels
Virginia 0.3
Anwr Alaska 10.0
Bakken formation 3,600
CO,UT,WY 1,100
total 4,713 billion barrels or at above consumption rate 686 YEARS!!
U.S. oil resources: President Obama’s ‘non sequitur facts’ - The Washington Post

So, you are suggesting that we base our national security on unproven resources? Kind of like counting unhatched chickens.

Also, if you really want to see a lot of formerly unavailable oil pumped within the US, just raise the price of gasoline at the pump to $25 a gallon.

 

[rdean]

On March 7, 2012, Obama declared: “We've got 2 percent of the world oil reserves;
we use 20 percent. What that means is, as much as we're doing to increase oil production, we're not going to be able to just drill our way out of the problem of high gas prices.”
Obama Misleads on Oil Reserves, Networks Defend Him, Fail to Fact Check | NewsBusters.org

FACTS: LET's hold him to his EXACT words!!! 2% of world oil reserves!
HE didn't say "proven" did he? And there is a VERY VERY HUGE distinction here!
If HE HAD SAID "PROVEN" he would be 100% correct!
BUT when he says "not be able to drill"??? HE IS A LIAR!!!!
FACTS: USA uses 6.87 billion barrels a year!
Source:World Crude Oil Consumption by Year (Thousand Barrels per Day)

FACT: 4.7 TRILLION BARRELS in USA that Obama could open up!
100 feet or less of Gulf 2.8 billion barrels
Virginia 0.3
Anwr Alaska 10.0
Bakken formation 3,600
CO,UT,WY 1,100
total 4,713 billion barrels or at above consumption rate 686 YEARS!!
U.S. oil resources: President Obama’s ‘non sequitur facts’ - The Washington Post

So, you are suggesting that we base our national security on unproven resources? Kind of like counting unhatched chickens.

Also, if you really want to see a lot of formerly unavailable oil pumped within the US, just raise the price of gasoline at the pump to $25 a gallon.

It's all about right wingers and their "imagination". They "imagine" if you drill everywhere, the price of oil will come down. They "imagine" trickle down works. They "imagine" the president was born in Kenya. They "imagine" that they freed Iraq. They don't bother with "facts" or "study" because for those, you need "education" and we all know "education is for snobs". Just one more thing they "imagine".