Posted on 12/10/2014 3:58:40 PM PST by HereInTheHeartland
"It means that anyone who tells you we can drill our way out of this problem doesn’t know what they’re talking about – or isn’t telling you the truth. The United States consumes more than a fifth of the world’s oil. But we only have 2% of the world’s oil reserves. That means we can’t just rely on fossil fuels from the last century. "
He’s right. Government can raise gas taxes to take up any slack that would have been possible with lower oil prices.
Obama never misses an opportunity to show his naivety.
Obama is NOT NAIVE. He is Marxist stupid when it comes to economics but he can fool enough Americans (due to the great unwashed) to get elected twice as President.
He makes Machiavelli seem like an amateur esp. since Machiavelli didn’t have an Axelrod the Red, Jarrett the closet red, Emanuel the Ballerina, George Soros the Kapo, and Anita Mao-Mao Dunn as his key advisors.
Maybe oil prices are so low because Americans finally got around to properly inflating their tires, and getting a “tune-up”; like the idiot proposed as a solution during the campaign.
that’s what happens when an illiterate jackass tries to become an expert on something that he knows nothing about!!!!
Is there anything this cretin actually knows?
It is time to firebomb Harvard to make sure nothing like this vermin is ever made again.
I have a box of rocks that would have made a better president.
And they say Biden is stupid...
Traffic count is up.
Peons are spewing evil carbon with $2 gas.
I LOVE IT!
bump
Fracking Debunks Obama’s ‘We Can’t Drill Our Way Out’
http://news.investors.com/ibd-editorials/120314-728986-fracking-proves-we-can-drill-our-way-to-low-prices-and-independence.htm
Back in 2006, for example, then-Sen. Obama said expanded drilling in the Gulf of Mexico would only “lull the American people into thinking that we can drill our way out of our energy problems.”
When he ran for president in 2008 while gas prices spiked, he mocked John McCain’s call for more drilling. “This is one emergency we can’t drill our way out of,” he said.
After the BP oil spill in 2010, Obama explained that “the reason you never heard me say ‘Drill, baby, drill’ (is) because we can’t drill our way out of the problem.” He went on to claim that “easily accessible oil has already been sucked up out of the ground.”
In 2011, while pushing to end oil industry tax breaks, Obama claimed: “If we’re serious about addressing our energy problems, we’re going to have to do more than drill.”
In 2012, when running for re-election, the president declared: “Even if we drilled every square inch of this country right now, we’re going to be relying on other countries for oil.”
And when he unveiled his “all of the above” energy strategy, Obama lectured the country about how “there’s a problem with a strategy that only relies on drilling, and that is America uses more than 20% of the world’s oil. If we drilled every square inch of this country ... we’d still have only 2% of the world’s known oil reserves.” He added: “We’ve got a math problem here.”
Turns out, it’s Obama who has the math problem.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.