President Obama, highly aware of the re-election vulnerability that comes with high gas prices, continues to hide behind tired “it’s not my fault” campaign rhetoric, while using the opportunity to call for an expansion of his failed subsidy policies. However, in making the case for doubling down on green energy—courtesy of taxpayer money—the President is directly contradicting his stated commitment to an all-of-the-above energy policy. Moreover, he supports the claim that we need to switch to green energy now with purposefully misleading statistics about America’s actual resource potential.
Though his bluff has been called countless times, the President brazenly repeats the misleading statistic that the U.S. has only 2 percent of the world’s oil reserves, but uses 20 percent of the world’s oil. The president’s claim relies on two unrelated figures to paint a statistically flawed picture of the United States’ global energy position. In fact, the 2 percent the President refers to are the United States’ “proved reserves,” which is the oil that companies have explored for, drilled for, and can report to the Securities and Exchange Commission as their own assets. To say that this is all the oil we have is like saying that the food on the grocery store’s shelves is all the food that will ever be produced. Correlating this exceptionally low, ever-changing number to our share of global oil consumption is therefore both meaningless and disingenuous.
Even the fact-checker at the Washington Post blew a hole through the President’s word games: “[I]n 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,’” the Post wrote. “This is a lowball figure that does not begin to describe the oil known to be within the U.S. borders.” Accordingly, this shifty rhetoric from the President earned him “two Pinocchios” at the Post.