Barack Obama has repeatedly embarrassed himself by lying about America’s petroleum resources. He loves to tell audiences that we need to invest billions in “green” energy because we only have 2% of the world’s oil reserves, and consume 20% of the oil. We and many others have called Obama on this misrepresentation many times. His fibbing has been so persistent that even the Washington Post has called him on it. “Reserves” in the United States (unlike other countries) include only petroleum that can profitably be recovered at current prices, and that it is legal to develop under existing laws and regulations. So Obama’s reasoning is circular: if we opened up ANWR, for example, to drilling, our “reserves” would expand dramatically, overnight.
But despite the fact that everyone who is at all knowledgeable about energy knows he is lying, President Obama did it again today. Speaking at the Copper Mountain Solar 1 Facility in Boulder City, Nevada, Obama claimed that enormous “green” energy development is a must because the U.S. has “only 2 percent of the world’s oil reserves.” The man is absolutely shameless.
Meanwhile, White House press secretary Jay Carney railed against the House Republicans’ budget today, claiming that “Paul Ryan (R-Wis.) and the Republicans who support his budget plan are ‘aggressively and deliberately ignorant’ when it comes to the need to invest in clean energy.” Actually, it is Obama and his minions who are “aggressively and deliberately ignorant” when it comes to America’s petroleum resources. As always, they count on the voters to be ignorant, too.