"According to the USGS report {
http://pubs.usgs.gov/fs/fs-0028-01/fs-0028-01.htm }, the mean estimated
amount of recoverable oil is in fact approximately equal to the amount of
oil the United States consumes in one year. As the report notes, the
"[t]echnically recoverable oil within the ANWR 1002 area [the
1.5-million-acre coastal plain targeted for drilling] (excluding State and
Native areas) is estimated to be between 4.3 and 11.8 billion barrels, with
a mean value of 7.7 billion barrels." According to the U.S. Department of
Energy's Energy Information Agency, {
http://www.eia.doe.gov/pub/oil_gas/petroleum/data_publications/petroleum_supply_annual/psa_volume1/current/pdf/table_03.pdf }
the U.S. currently consumes about 20 million barrels of oil and petroleum
products per day, or about 7.3 billion barrels per year."
The facts are substantially different from what my President is stating.
Maybe he knows where the hidden cache of massive amounts of oil is hidden:)