President Obama has publicly stated and emphatically repeated the following li(n)e regarding oil consumption:
“The U.S. has 2% of the world’s oil reserves but we use 20% of the world’s oil. I repeat, the U.S. has 2% of the world’s oil reserves but we use 20% of the world’s oil.”
Before we consider if this statement is true, let’s first verify what is being stated. When you hear the President state that “the U.S. has 2% of the world’s oil reserves”, what do you think that means?
Well, it sure sounds like that means that of all the oil in the entire world, the U.S. is sitting on only 2% of the entire world’s supply.
Is that true?
No. And the President knows it!
The 2% he keeps mentioning is the amount of oil that we have refined out of the ground. It represents just the very tip of the oil pyramid above.. It may very well be that what we have produced 2% of our own vast, untapped resource, but that has nothing at all to do with the worldwide supply.
According to the actual amount of oil, in barrels, that the United States is sitting on, all told, we have much more oil than even Saudi Arabia.
The U.S. does not have a fuel problem.
The U.S. does not have an oil problem.
The U.S. DOES have a Leadership problem! Our problem is that we have a leader and a party that does not have the will go to after the resources we already own and are sitting on.
Now, lets examine the second part of the statement:
“but we use 20% of the world’s oil.”
Is this part true?
Once again, the answer has got to be, “No.”
For starters, if the man thinks we’re only sitting on 2% of the world supply, then his numbers regarding the world supply are obviously incorrect since the one country’s numbers we should definitely know, ours, are not being reported correctly. Therefore, how can we trust the 20% figure if we know the base numbers are wrong. If your premise is incorrect, so will be your conclusion.
But let’s just say for the sake of argument that the 20% is correct and that the U.S. does use 20% of the world’s supply; So? Is there something wrong with that?
Are we stealing the oil?
No. We are paying for it. In fact, we are so honest about oil, that even though we spent untold billions in freeing the people of Iraq, and even though they have oil reserves valued at $16 Trillion dollars, we did not take a single barrel of oil for our trouble. (And Lord knows they didn’t offer one!)
Are we hoarding the oil?
Is it that no one else is benefiting from our use of the oil?
Of course not!
How do you think goods are shipped or flown, domestically and/or internationally. How else do our emergency rescue planes reach devastated destinations around the world apart from oil?
What the President is actually trying to say, is that we, as Americans, are greedy for using 20% of the world’s oil and that we are somehow harming the countries that are selling it to us. We are ripping them off and polluting the world for their trouble at the same time.
Only an enemy would hold this hostile and contemptuous a view of us.
I will take the opportunity in forthcoming articles to address the bountiful blessings that oil and the technologies to refine it have brought western civilization and how oil is not going anywhere, anytime soon! However, just as a closing thought, we ought to decide right here and now, as a nation, whether or not we are going to continue to drill for oil. We have a dozen nations drilling right off our shores, but we cannot seem to be able to make up our minds about this as a country. If we decide that we are going to drill, then we should be committed to drilling enough to satisfy our national demand. And that, is no myth!