PrintJune 16, 2010
The President's Oil Reserves Lie
Tuesday night, following a tour of the Gulf Coast area, the President of the United States addressed the nation regarding the state of the BP oil spill. In his speech from the Oval Office, President Obama spoke regarding our nation's dependence upon oil and how we need to break that dependence. During his speech, the president made a statement that was blatantly false. The president noted, "We consume more than 20% of the world's oil, but have less than 2% of the world's oil reserve. And that's part of the reason oil companies are drilling a mile beneath the surface of the ocean -- because we're running out of places to drill on land and in shallow water."We are not running out of places to drill on land and in shallow water. In fact, it is due to the president's party of extreme environmentalists that BP had to drill some forty miles from the coastline in deep waters to extract oil. Imagine if this oil leak had happened in the shallow waters off of the East Coast...(Read Full Article)
