The Empire has a long history of lying about oil. In 1891, the US geological service said that there was little or no chance of finding oil in Texas. In 1909, the US geological survey warned that the oil supplies would be depleted by 1935. Several years later, in 1922, they revised the depletion date to 1942. The history of their erroneous forecasting is comical now, but consider who the joke is on. The citizenry are expected to believe this same agency regarding earthquake information and oil. The head of the regime is now taking the lead in false information on oil as well.
The head of the regime proclaimed that domestic production is at its highest in seven years. The facts are current production is 5,361,000 barrels/day. The prior production high in the past seven years was 5,419,000/day. Perhaps the head of the regime is not as bright as his handlers had us believe. Given that he does have a history of errors in his math concerning the number of states, etc., such an error fits his pattern (he was educated at Harvard, what do you expect?).
His statement that the empire has 2% of the world’s oil supplies did not include the approx. 896 billion barrels of oil on land that does not have leases on them. This is MORE than enough to take us well into over 1/2 of the 21st century. Perhaps he was given some bad information.
You need to know the truth about such matters. Like the saying emblazoned on the arch at the University of Texas, “Ye shall know the truth and the truth will set you free”-Jesus (I’ll give credit to the author, unlike UT, which uses the quote without crediting the source).
Liberty for Texas!
The same regime that talks about wanting energy independence is preventing leases from being approved (e.g. They speak with fork-ed tongue. What they do and what they say are two different things.