Obama Telling Whoppers About Oil Again

I GIVE HIM 4 PINOCCHIOS

…”These have been the most difficult three years from a policy standpoint that I’ve ever seen in my career,” Bruce Vincent, president of Houston oil and natural gas producer Swift Energy, told the Houston Chronicle.

“They’ve done nothing but restrict access and delay permitting,” he added. “The Obama administration, unfortunately, has threatened this industry at every turn.”

A devotee of cap and trade, Obama has said our fuel under his leadership “must necessarily skyrocket.”

During his presidential campaign, Obama admitted he was fine with sky-high gasoline prices, he just “would have preferred a gradual adjustment.”

Energy secretary, Steven Chu,  at the time of his appointment, said that “somehow we have to figure out how to boost the price of gasoline to the levels in Europe.” And last year, Chu claimed “the price of gasoline over the long haul should be expected to go up.

On Valentines’s Day, speaking to the nation with American workers behind him, he casually told a half-truth about the situation….When gas prices are on the rise again because as the economy strengthens global demand increases…[not his fault of course - it's the world's fault]

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Obama continually takes credit for the increased oil production which he had nothing to do with. The current oil production is the direct result of policies and permits put in place by former presidents and private industry before he came into office.

Obama has done everything in his power to destroy oil, gas and coal because he is one of the extreme environmentalists he strives to please. He demonizes oil, gas and coal and calls it fuel of the past as he promotes alternative energy which will not be productive until far into the future.

Killing Keystone, the most highly vetted pipeline in history, is his most recent example of his extreme green policy. Amwar, the Gulf, and the Atlantic Coast are off bounds insofar as he is concerned. Leases on federal lands are down 70% since Obama took office.

Obama has set up oil task forces and used them to propagandize but do nothing. His answer to gas prices is give larger rebates for cars no one wants.

He wastes money on alternative energy sources such as pond scum ($14 million of taxpayer dollars) and on funding barely productive or failing solar and wind companies.

…Obama has chosen almost always to limit production. He canceled leases on federal lands in Utah, suspended them in Montana, delayed them in Colorado and Utah, and canceled lease sales off the Virginia coast.

His administration also has been slow-walking permits in the Gulf of Mexico, approving far fewer while stretching out review times, according to the Greater New Orleans Gulf Permit Index. The Energy Dept. says Gulf oil output will be down 17% by the end of 2013, compared with the start of 2011. Swift Energy President Bruce Vincent is right to say Obama has “done nothing but restrict access and delay permitting.”…Investors: Five Biggest Whoppers

The following video was found by Gateway Pundit. Obama is faced with record-high gas prices and all he can do is make sarcastic jokes calling Republicans flat earthers.

Obama falsely claims we have only 2% of the world’s oil when we are sitting on oil reservoirs that could last for 250 years…Investors

That is the most annoying whopper of all.

The Institute for Energy Research has conducted extensive research on the subject –

Institute for Energy Research: …The United States indeed has 1.4 trillion barrels of technically recoverable oil and this estimate is likely to be an understatement of our oil resources.

On Thursday, January 12, 2012, Tom Donohue, President and CEO of the U.S. Chamber of Commerce, explained that the economy could create many, many more jobs if the federal government allowed access to more taxpayer-owned energy resources. In the speech, Donohue correctly stated that the United States has “1.4 trillion barrels of oil, enough to last at least 200 years.”…

The NRDC  On Earth blog was very irritated to see the research on energy which not only indicates that the U.S. has 1.4 trillion barrels of technically recoverable oil (thanks in part to fracking and other improved removal techniques), but total oil resources in the ground are estimated at about 3.75 trillion barrels (but 1.4 trillion is recoverable at the present time).

So why are the Progressives refusing to recognize the existence of abundant oil and natural gas reserves? The Institute for Energy Research believes they have the answer –

…”A specter is haunting progressivism, the specter of abundance. Because progressivism exists to justify a few people bossing around most people, and because progressives believe that only government’s energy should flow unimpeded, they crave scarcities as an excuse for rationing – by them – that produces ever-more-minute government supervision of Americans’ behavior.”

If the United States has no shortage of energy, but rather, suffers from a shortage of good policies, there will no longer be any justification for government intervention and Washington –directed policies designed to “manage” the shortage.  And since the “energy crisis” will have disappeared, so will the opportunities its continued existence gives to those who seek government edicts, rather than market solutions guided by consumers who also just happen to be citizens of a free republic…

When President Obama says, “As a country that has 2 percent of the world’s oil reserves, but uses 20% of the world’s oil..,” he is comparing apples to oranges. The Washington Post blog fact checker rated this as true but false because the President has taken two pieces of factual information that are unrelated to each other to create a lie. He is measuring United States consumption against proven oil reserves. The United States has far more oil reserves than that narrowly defined “proven” 2% reserves which is set by the Energy Information Administration and the oil reserves in no way relate to the oil we consume.

Washington Post blog:…As the president noted, the United States consumes about 20 percent of the world’s oil. (The BP annual review puts it at 21 percent in 2010.) Europe and “Eurasia” (Russia and the former Soviet Republics) consume about 23 percent. China consumes nearly 11 percent, Japan 5 percent and India 4 percent.

 But measuring the U.S. consumption against its proven oil reserves makes little sense. Europe, with the exception of Russia, Kazakhstan and Norway, has virtually no oil reserves. Japan, a major consumer, has zero. China’s oil reserves are about half the size of the United States. In fact, in the relative scheme of things, the United States is relatively blessed with proven oil reserves — and, given the U.S. technological advantage, also with potentially large resources of oil yet to be tapped.

 That’s why we said the president is using “non sequitur facts.” It would make much more sense to note that the United States has just 4.5 percent of the world’s population and yet we consume 20 percent of the oil, which is a finite resource, in order to urge Americans that we need to have greater energy efficiency.

 But in the context of higher gas prices — which is how the president often uses these figures now — it just is not logical to compare consumption to “proven oil reserves.” This is a lowball figure that does not begin to describe the oil known to be within the U.S. borders…

 

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