Five Biggest Whoppers In Obama’s Energy Speech

Posted by on Feb 24, 2012 at 9:43 am

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.

“Because of the investments we’ve made, the use of clean, renewable energy in this country has nearly doubled.”

Fact: Production of renewable energy — biomass, wind, solar and the like — climbed just 12% between 2008 and 2011, according to the federal Energy Information Administration.

“We need to double-down on a clean energy industry that’s never been more promising.”

Full story.

One Response to “Five Biggest Whoppers In Obama’s Energy Speech”

  1. spepper on 24/24/12 at 11:22 am

    As a Marxist he simply refuses to recognize the REALITY that markets react to more drilling efforts, which usually result in increase in supply, leading to lower trading prices and eventually lower retail prices. His whole ideology demands robot-like closed-minded adherence to the completely false notions dreamed up by a failed political hack over 100 years ago. I’ll take the group of guys who, over 200 YEARS AGO, knew what they were doing by giving us the ORIGINAL Constitution, the “pre-20th century” version before it was mutated into a central-planning hammer to destroy state & individual sovereignty by evil hacks such as Woodrow Wilson (see 16th & 17th Amendments which have done more damage to America than any foreign enemy EVER could).