The Difference Between Proved Reserves and Recoverable Resources

As noted by Investors Business Daily, America’s actual oil reserves are 60 times higher than the President’s carefully-chosen number:  “The figure Obama uses — proved oil reserves — vastly undercounts how much oil the U.S. actually contains. In fact, far from being oil-poor, the USA is awash in vast quantities — enough to meet all our country’s oil needs for hundreds of years.”

Enough of the lying!