Friday, February 24, 2012

Liar In Chief (still a liar) Lies Again

Five of the whoppers in Obama's energy speech.

The most outrageous? Its a tough call.

"The U.S. consumes more than a fifth of the world's oil. But we only have 2% of the world's oil reserves."
Fact: Obama constantly refers to this statistic to buttress his claim that "we can't drill our way to lower gas prices." The argument goes that since the U.S. supply is limited, it won't ever make a difference to world prices.
It's bogus. New exploration and drilling technologies have uncovered vast amounts of recoverable oil.
In fact, the U.S. has a mind-boggling 1.4 trillion barrels of oil, enough to "fuel the present needs in the U.S. for around 250 years," according to the Institute for Energy Research. The problem is the government has put most of this supply off limits.
That would be Obama's Government that has put that supply off limits.
The man even thinks we can replace oil with algae now!

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