The United States possesses the greatest oil and gas reserves in the world. Our oil shale in Colorado, Utah and Wyoming alone has three to five times the oil of Saudi Arabia.
In his second debate with GOP challenger Mitt Romney, President Barack Obama denied the fact that he had reduced oil and gas permits on federal lands by 15% and claimed instead that he had increased oil and gas production in the United States. “Now, I want to build on that,” Obama said. “And that means, yes, we still continue to open up new areas for drilling.”
Barack Obama lied to the American people.
Just days after the President was safely reelected and no longer had to answer to the voters, the Obama Interior Department decreed a rule closing off commercial development of our oil shale reserves on 1.6 million acres of federal land.
Elections have consequences.