President Spins While the Price at the Pump Continues to Climb

Mr. President, Stop Misleading the American People


Institute for Energy Research
Friday, March 11, 2011

WASHINGTON- In today’s press conference, the President boasted of record high domestic oil production. Once again, President Obama is spinning the facts in order to deflect the blame for the rising price at the pump. In response, Thomas Pyle, president of the Institute for Energy Research, issued the following statements:

Either President Obama is being misinformed by his energy advisors, or he is misleading the American public

“Either President Obama is being misinformed by his energy advisors, or he is misleading the American public. He continues to assert that ‘the U.S. has only 2% of the world’s oil’ when, according to the Congressional Research Service, the U.S. has at least 17% of the world’s oil.â€