The key to understanding the Obama lie is to understand reserve growth (R/P = reserves/production): "A case in point is the United States, the world's most mature oil province. At the end of 1973, during the first oil crisis, the US had proven oil reserves of 35 billion barrels, giving it an R/P ratio of 10 years and a depletion rate of 10% a year, provided no new oilfields were discovered thenceforth and no oilfield extensions and revisions were made either. At the end of 2005 the US had proven reserves of 21 billion barrels with an R/P ratio of 11 years, yet had produced in the meantime no less than 86 billion barrels of crude oil!" http://www.theoildrum.com/story/2006/8/29/171650/847 These are facts that the POTUS does not want the public to know, and probably doesn't know himself. If the 1973 reserve estimate had not experienced reserve growth then we would already be out of domestic oil. Just like the 2011 reserve estimate is going to experience reserve growth IF the federal lands are opened up to exploration. As gasoline prices climb higher it is essential that the message get out that it is the fault of an ignorant administration that has intentionally crippled our oil and gas industry. Here is a good explanation of the reserve growth concept (PDF):
Reserve Growth Effects on Estimates of Oil and Natural Gas ResourcesThe key to understanding the Obama lie is to understand reserve growth (R/P = reserves/production)...A better way to understand Obama is to just observe that his lips are moving, therefore he is lying... there, isn't that much simpler?