Quote:
Originally Posted by Fundguy1
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.
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WTF? how does having expensive gas push a "climate change agenda"? Gas prices go up and down because of market pressure... pushing for clean vehicles and more efficient transportation is independent of that.
Regardless of gas prices, we should be looking for independence from fossil fuels - they're limited resources and the world will run out eventually.