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    Myths

    LIE: The United States is sitting on 1.4 trillion barrels of oil

    TRUTH: It would be too expensive to recover much of America’s oil reserves

    LIE: Lower oil imports to the United States equal lower gasoline prices

    TRUTH: The market for oil is global, so U.S. production doesn’t affect prices much

    LIE: Environmentalists blew up the BP oil rig in the Gulf of Mexico

    TRUTH: The BP oil spill in the Gulf of Mexico was caused by a buildup of pressure in the well

    LIE: The Obama administration has tried to shut down natural gas development

    TRUTH: U.S. natural gas production hit an all-time high in 2012

    LIE: Fracking is overregulated

    TRUTH: Fracking was exempted from the Safe Drinking Water Act under the Bush administration

    LIE: Fracking poses no risk to water supplies

    TRUTH: Tests have linked water pollution in a Wyoming town to fracking

    LIE: Fracking has been used without incident for over 60 years

    TRUTH: The current fracking practice has been used for less than a decade