Quote of the Week, Oil Reserves Edition

Under American law (other countries record as “reserves” whatever is in the ground), oil isn’t counted as part of our “reserves” unless it can legally be developed under current regulations, and it would be economic to develop at current prices. So when Obama says we only have two percent of the world’s oil “reserves,” he is documenting the extent to which the Democratic Party, by blocking energy development, is destroying jobs and making us all poorer.

via Of the Ignorant, By the Ignorant, For the Ignorant | Power Line.

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