Obama is misleading the public about the amount of oil we have in the ground. When he says we have 2% of the oil and use 20%, that right ONLY if you're talking about current resources. We have much much more untapped oil; more oil than Saudi Arabia by some estimates, if we would only extract it.

Obama uses these numbers of the proven reserves as a way to argue it would be futile to drill for more oil in his anti-energy scheme, so as to suggest there could never be enough to meet our needs.

"As much as we're doing to increase oil production," Obama says, "we're not going to be able to just drill our way out of the problem of high gas prices."

"Some of us believe that the president is trying to suggest that we don't have adequate resource here in the United States, which is just not true," says Jack Gerard, president of the American Petroleum Institute, another industry group.

In fact, one industry analyst says by tapping American oil along with Canadian resources and renewable energy, the U.S. could be self sufficient in just 12 years.

It's time to fight the misinformation, and start the drilling.

Energy Industry Accuses Obama Of Misleading Public About Extent Of Untapped Oil Resources | Fox News