Originally posted by QIK46
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"Most people think that when Obama says we have 2% of the world oil reserves, that that means of all the oil in the world, we have 2% of it.
That's not what that means. Folks, with new technology, we have more oil in the ground that we can get than they have in Saudi Arabia. That "2% of the world's reserves" means 2% of what has been brought up, 2% of what has been produced, not 2% of the supply. This has been an out-and-out lie, and I don't know how else to categorize it. He is purposely misstating this. This is a left-wing catcall for as long as I have been alive, and in this statistic is the implied guilt. "Look at us! We've got 2% of the world's oil, and we use 20%, and it's not fair. We are raping the other nations on this resource!"
That's what that means. "A country that has 2% of the world's oil reserves but uses 20% of the world's oil," means that we are raping the rest of the world. We are unfairly taking advantage, and that's not the case. In the first place, 2% of the world's reserves is a misleading statistic 'cause it isn't true. The second thing that you would have to do is -- I'm not gonna dispute that we use 20%, but what do we do with it? Are we hoarding it? Are we not sharing it? Is nobody else benefiting from our use of oil? Do you realize if every one of us... I'm gonna give you statistic I have used on this program before to illustrate my point here.
If every automobile were shut down today and not a single automobile was driven, we would still need five to six million barrels of oil a day to satisfy all the other products and services that derivatives of oil are used in. Even if we stop driving, we'd still need at least five to six million barrels a day. But, folks, this is not an evil country. And the president is trying to say that we have used more than our share, and that's the justification for making us cut back. That's the justification for high prices. That's the justification for us having to drive smaller and smaller cars, and maybe not even drive cars at all but drive batteries -- and maybe get on mass transit."
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