Is President Obama Misleading The Public On America's Untapped Oil Resources

President Obama at a solar energy facility in Nevada on Wednesday. Republicans criticized the trip as a political stunt. Doug Mills/The New York Times

Energy Industry Accuses Obama Of Misleading Public About Extent Of Untapped Oil Resources -- FOX News

In almost every energy speech, President Obama makes this statement: "We've got 2 percent of the world oil reserves. We use 20 percent."

But there's more to those numbers than meet the eye.

"It's accurate but extremely misleading," says Dan Kish of Institute for Energy Research, which is supported by the industry. "What he is talking about is oil we already have found."

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My Comment: President Obama .... since the beginning of his Presidency has been very blunt on his support for alternative energies. Unfortunately .... after spending billions and having very little to show for it .... he should not double down on it nor should he underestimate and underpromote what America's energy sector can accomplish.

Highway Bill Amendment Defeated That Would Have Sent Billions To Promote Natural Gas Companies

Highway Bill Amendment Defeated That Would Have Sent Billions To Soros, Pickens, Douglas Companies -- Human Events

The Senate Tuesday killed legislation to spend billions of taxpayer dollars to encourage companies to use natural-gas powered vehicles. The legislation also would have benefited wealthy backers of the Democratic measure, including George Soros, T. Boone Pickens, and Kevin G. Douglas.

The amendment to the highway bill required 60 votes to pass but was defeated 51 yeas to 47 nays.

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My Comment: Putting aside the gas jokes, this is a lot of money for a highway amendment bill.