"America uses more than twenty percent of the world's oil. If we drilled every square inch of this country, we would still have only two percent of the world's known oil reserves." - Barack Hussein Obama
The above quote is loaded with flaws, and blatant, insulting deception. These two figures are unrelated, and skewed to begin with. This is a president that is counting on you being stupid enough to not see through his words, but with a little bit of thought, it's clearly just smoke and mirrors used to manipulate you into enacting his agenda,which is a 100% green economy at ANY cost. He's trying to make it appear as though we have no options left, that we're out of time. Nothing could be further from the truth. I'm not saying that green energy wouldn't be a good thing, but it's not ready yet. To lie to people to convince them that all sacrifices must be made just to have it done today because we have no other choice is wrong. This statement, though technically using real figures, is nothing but pure deception.
Let's start with the 2% possession to 20% consumption comparison. These numbers are unrelated. It makes no sense to compare them. To explain it, I will be borrowing an excerpt from pjmedia.com. There's a link to the actually page immediately following this post. Imagine that the world's total oil reserves amounts to 100,000. If the U.S. held 2% of those reserves, that would be a volume of 2,000. If the yearly global production was a volume of 100, and the oil consumption of the U.S. was 20%, that would mean that the U.S. would consume 20. If no further oil exploration were conducted, then that would mean that the U.S. could go on consuming 20% for a hundred years. The numbers are unrelated. 20% of annual global oil production as compared to the percentage of proven oil fields within the U.S. are unrelated. It's apples and oranges.
On top of that, this 2% figure is skewed. It only refers to the oil fields that have been without a doubt proven. The amount of oil that's actually been discovered, proving that it not only exists, but where it is, and how much of it there is. If you had a coal mine, and you the value of this mine was measured by the amount of coal it was known to contain, it would be an amount far less than it actually contained. This is because you can really only speculate how much coal there really is. With today's technology, this speculation can be extremely accurate, but with the above method of appraisal, speculation doesn't affect it's value. Only the proven amount. This is the method that Obama is using. The U.S. has 22.3 billion proven barrels of oil. That's where the 2% comes from. However, it is believed that there is at least 86 billion barrels of oil in the outer continental shelf, 24 billion barrels in the lower 48 states, 2 billion barrels in Alaska's north slope, 12 billion barrels in ANWR, and 19 billion barrels in the Utah Tar Sands. Already, that is over six times more than the number that the 2% figure represents. But that's not all. According to the USGS, the Green River Formation is Wyoming contains a whopping 1.4 trillion barrels of oil. That's 1.4 trillion, not 1.4 billion. If you ignored the rest of the country's oil, and only counted the shale oil found here, it's equal to 62 times the original 2% figure. This is incredibly deceptive.
Seeing as how this same president has blocked such a great amount of oil exploration, it prevents this number from ever growing. Though he now claims he does everything he can to expand drilling, in reality, he's made it a top priority to prevent further drilling, and the grounds of environmentalism. With a drilling policy like this, of course we only have 2% of the world's proven oil fields. He won't allow any more than that. That's not the amount we hold, it's the amount we've been allowed to discover. The 2% figure only refers to the oil currently being drilled. This is where the above quote is more than just distortion, but a lie. We wouldn't need to drill every square inch to lead the world in oil production. If we were to maximize oil production, that number would cease to be 2%.
Mr. President, we aren't stupid. You may have some of the people brain washed into worshiping you as their savior, but the rest aren't buying it. I will do everything in my power, as will many of my peers, to shine a light on this deception that you present. You may have the mainstream media eating out of your hand, but you can't control the internet.
P.S. It should be included that during Obama's campaign, he claimed that the U.S. had 3% of it's reserves, then only recently dropped it down to 2%. Likely due to people having been stretched to their limits, and therefore needing to cut it even shorter in order to sell it.
