[Fundguy1]

Originally Posted by David70

We don't produce 32% of the worlds oil supply and haven't in any recent times. Even if Obama took U.S. production to zero he wouldn't have shut off 32% of the world's oil supply.

https://en.wikipedia.org/wiki/List_o...oil_production


Production while Obama was in office went up drastically. Roughly 5000 to 8000 barrels per day from when he took office until when he left. This came from fracking and the price of oil, not his policies.

https://tradingeconomics.com/united-...oil-production

I said reserves, not production. We have 40% of the world's oil reserves. An oil reserve is oil thats there that you can get. When Obama closed federal lands down, he took away 32% of the world's oil reserves. Prices went up making fracking and tar sands economically viable, and although we now had 8% instead of 40% of the world's oil reserves, our production increased. Fracking and tar sands brought prices down much to the consternation of Obama as he wanted $4 a gallon to push his climate change agenda but now it was back to $2 and from fracking which the left hates.

Your sights you list are correct but do not apply. Supply is how much is out of the ground. We are awash in supply. Production is how fast it is coming out. Two totally different things.