Investors Business Daily does get it!
“With a media wind at his back, Barack Obama regularly gets away with false and distorted statements. He repeated one Tuesday that seems superficially plausible but should not go unchallenged.”
“It’s disappointing that McCain failed to call out Obama on his figures, because he had an opening big enough to drive an Exxon Mobil tanker truck through.”
“The problem isn’t Obama’s claim about consumption. The U.S. does go through about a quarter of the oil used across the globe (it also, by the way, produces 28% of the world’s goods and services, but that’s another story).”
“No, the real problem is that the oft-repeated claim of the U.S. having 3% or less of world reserves doesn’t stand up”.
http://www.ibdeditorials.com/IBDArticles.aspx?id=308357139242611