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    Myths

    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: The U.S. solar energy industry is failing

    TRUTH: Job gains in the solar industry have outpaced the broader economy

    LIE: Each Volt cost taxpayers more than $250,000 in subsidies

    TRUTH: Oversimplified math can make federal subsidies for the Volt seem expensive

    LIE: Keystone XL pipeline would lower gasoline prices

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

    LIE: The Federal Reserve caused the dollar to fall in early 2012, and therefore increased gasoline prices

    TRUTH: Experts say that the Federal Reserve’s policy didn’t increase gasoline prices

    LIE: The U.S. can’t compete with the Chinese solar industr

    TRUTH: The U.S. solar industry had a positive trade balance with China in 2010

    LIE: Gasoline taxes in the United States are high

    TRUTH: Gasoline taxes in the U.S. are lower than in almost every other developed country