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    Myths

    LIE: Environmentalists pushed drilling farther offshore, leading to the 2010 BP oil spill in the Gulf of Mexico

    TRUTH: Oil companies drill far offshore because that’s where the oil is

    LIE: Gasoline prices dropped in late 2008 because President Bush lifted an offshore drilling moratorium

    TRUTH: The decrease in oil prices in 2008-09 was due to the global economic slowdown

    LIE: Keystone XL pipeline would lower gasoline prices

    TRUTH: There wouldn’t be enough oil from Keystone XL to affect gasoline prices

    LIE: Increasing U.S. oil production is a solution to high gasoline prices

    TRUTH: Historically, the amount of oil produced in the U.S. hasn’t affected gasoline prices

    LIE: Oil companies receive the same tax deductions as everyone else

    TRUTH: Oil companies receive a special tax deduction specifically for drilling

    LIE: Barack Obama has quashed oil production as president

    TRUTH: The U.S. produced more crude oil in 2012 than in any year since 1995

    LIE: The United States is becoming more dependent on foreign oil under Barack Obama

    TRUTH: U.S. dependence on imported oil has dramatically declined since it peaked in 2005