History will not be kind

A politician spoke thusly: “The U.S. consumes more than a fifth of the world’s oil. But we only have 2% of the world’s oil reserves.” The assertion is manifestly ludicrous. The US has centuries of petroleum reserves — at least 300-400 billion or maybe as many as 1.4 trillion barrels of oil. Gross misstatements of this sort will be judged harshly by history, at least if we’re still in a position to write our own history.

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