Tell Me A Lie ….Lyrics by obama......
“There’s no silver bullet for avoiding spikes in gas prices every year,” Obama said. “There’s no shortcut to taking control of our energy future. We have to pursue an all-of-the above strategy that helps develop every source of American energy. And we have to do it now.”
He said the U.S. consumes 20% of the world’s oil but has only 2% of the world’s oil reserves. “We can’t just drill our way out of this problem,” he said.
The U.S.' Untapped Oil Bounty
There's enough oil to power the nation for three centuries without OPEC's help -- IF we're willing to go after it.
The U.S. is sitting on the world's largest, untapped oil reserves -- reservoirs which energy experts know exist, but which have not yet been tapped and may not be attainable with current technology. In fact, such untapped reserves are estimated at about 2.3 trillion barrels, nearly three times more than the reserves held by Organization of Petroleum Exporting Countries (OPEC) nations and sufficient to meet 300 years of demand -- at today's levels -- for auto, truck, aircraft, heating and industrial fuel, without importing a single barrel of oil.
http://www.kiplinger.com/businessresource/forecast/archive/The_U.S._s_Untapped_Bounty_080630.html