Obama's Enemies List: A Growing List of Obama's Enemies

In his Thursday energy/pipeline speech at Cushing, OK, President Obama opened his mouth and revealed a total lack of understanding of our nation’s energy supply picture. And I’ve been saying for the last few weeks, and I want everybody to understand this, we use 20 percent of the world’s oil; we only produce 2 percent of the world’s oil. Hmmm. “We only produce 2 percent of the world’s oil” the man said? Seems like that would be pretty easy to check… How about Wikipedia , whose source on world oil production is the CIA World Factbook. (Figures are for crude oil plus natural gas liquids; b/d = barrels per day.) Russia – 10.5 million b/d, 12.0% of world total Saudi Arabia – 8.8 million b/d, 10.0% of world total United States – 7.8 million b/d, 8.9% of world total Iran – 4.2 million b/d, 4.8% of world total China – 4.0 million b/d, 4.6% of world total H/T Andy Dean I suppose you could give the guy the benefit of the doubt — he was probably going for what I’ve called The Big Energy Lie — the idea that our energy potential is limited because the U.S. has only 2% of the world’s reserves . To me, that’s a deliberate attempt to mislead the public. “Reserves” — an engineering term of art — have no relationship with “resources”, the true estimate of potential. Our resources are only limited by our ingenuity and our will. But I truly think that nobody cares. Not the President, his advisors, his speechwriters, or even his trusty teleprompter. After all, there’s an election to win! Resources, reserves, production . . . As a famous man once said, “Words. Just words.” Cross-posted at stevemaley.com .

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Obama’s Big Energy Gaffe