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Is Obama Misleading Americans on Oil?

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  • Description

    FBN’s Gerri Willis on Obama’s misleading facts and statements on U.S. oil.

  • Duration 2:20
  • Date

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Well for months now I've been speaking out against the president flies when it comes to energy here's one of Obama's favorite oil facts.

-- only 2% of the world's oil reserves.

Oil is in the -- The United States consumes more than -- fit.

Of the world -- more than 20% of world's oil just us we only have 2% of the world's oil reserves.

We consumed warning we've got -- We consume more than 20% of the world's oil.

-- have less than 2% of the world's oil reserves.

And -- called that for what it is a big fat live.

2%.

Is only the amount -- proven oil resources that just means oil we've already found generally buy drilling for it.

That's like counting the money you've got your bank account and ignoring your higher air 401K.

2%.

Doesn't count the oil that's off limits thanks to the president's policies the outer continental shelf.

The Arctic National Wildlife Reserve and more -- -- all this energy just.

Waiting offshore.

And we can get that oil using today's technology new evidence this week giving us a real idea how much oil we've got.

The US Geological Survey found outside the US there 565.

Billion barrels of undiscovered conventional oil.

And an analysis from the Energy Information Administration.

Puts our supply right here in the US.

At a 198 billion barrels.

That means we have to winning 6% of the world's supply 26%.

But guess what it seems Obama is finally gotten the message listen to how we describe the situation now.

But as I've said repeatedly.

The problem is we use more than 20% of the world's oil and we only have 2% of the world's proven oil reserves.

You catch that.

2% of the world's proven oil supplies right so he's changed what he's saying.

Her and mr.

Brett -- you're still trying to mislead us about how much oil we really have but at least technically you're not -- to let's.

Look it's very satisfying to set the -- -- but unfortunately we've still got a lot of work to do.

Approve the Keystone Pipeline preventing the president's wave of new taxes.

And -- -- stop filling the administration with bureaucrats who have no respect for tax Payer money.

Are right the fight goes on --

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