3/07/2012

Obama Is Lying About U.S. Possessing 2% Of Oil Reserves

Posted by Brian

Energy Myths of the Left
By ROSS KAMINSKY on 5.27.11 @ 6:09AM

For starters, we don't use 25 percent of world oil production while holding only 2 percent of world reserves.

 From confused "peak oil" theorists to confused Congressmen, it's all but impossible to hear a discussion of US energy policy without hearing the left's tired refrain: "The United States currently uses 25% of the world oil production but has only 2% of world reserves." The left uses this misinformation to argue against domestic oil drilling, claiming that with only two percent of the world's reserves, we can't possibly have enough oil in the ground to matter.

It's a line which reminds me of Mark Twain's wisdom (which he attributed to Benjamin Disraeli) that "There are three kinds of lies: lies, damned lies and statistics." Twain would be proud of these haters of fossil fuels whose "statistics" fall apart upon examination of a couple of definitions and a few pieces of data.
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