OBAMA MAKES 4 MISLEADING GAS STATEMENTS IN ONE WEEK
by WYNTON HALL
2. On March 10, 2012, Mr. Obama said this during his weekly address:
You and I both know that with only 2% of the world’s oil reserves, we can’t just drill our way to lower gas prices – not when consume 20 percent of the world’s oil.
REALITY: Tell that to the state of Colorado who is currently paying .50 cents less per gallon of gas than the rest of America. Why? Simple, says Professor of Economics Mark Perry: they get their oil from Rocky Mountain states.
In fact checking THAT statement:
For the most part it seems quite true..