(Thomas Mitchell/4TH ST8
In today’s radio address
Yes, that’s a fact.
What he did not bother to mention is that all that production is taking place on private land. As the Washington Times reports
Obama also repeated the old canard from past speeches, saying, “But we can’t just rely on drilling. Not when we use more than 20 percent of the world’s oil, but still only have 2 percent of the world’s known oil reserves.”
Those are proven reserves, actual oil fields currently in production. According to the Institute for Energy Research
Then in a brilliant leap of incomprehensibility the smartest president in the history of the nation called for attacking high gasoline prices by demanding Congress vote to repeal what he calls $4 billion in subsidies — really the same tax breaks every other industry gets — for big oil companies.
“In the next few weeks, I expect Congress to vote on ending these subsidies,” Obama said. “And when they do, we’re going to put every single member of Congress on record: They can either stand up for oil companies, or they can stand up for the American people. They can either place their bets on a fossil fuel from the last century, or they can place their bets on America’s future. So make your voice heard. Send your representative an email. Give them a call. Tell them to stand with you.”
And that $4 billion is going to come right out of the hip pocket of fat cat oil company executives, right? No, it is going to come out of your pocket at the pump and Obama will not be standing anywhere near you with his credit card out.
Nor did he bother to mention the huge federal subsidiespropped up for decades
Nor did the president deign to mention that Interior Secretary Ken Salazar, as a part of Obama’s 2013 budget with the $1 trillion dollar deficit
Then the president waved his magic wand and told the engineers at all the car makers to increase the fuel standard to 55 miles per gallon. “That means you’ll only have to fill up every two weeks instead of every week. And that will save the typical family more than $8,000 over the life of the car – just by using less gas.”
Even more if gasoline is $9 a gallon as Energy Secretary Steven Chu said it should be. But what will that 55 mpg car cost to manufacture?