Well folks, we start by not taking everything the man says on faith, and fact checking his evidently improbable statements (Nice Deb):
"Obama Told Some Whoppers During His Press Conference, Friday (No, That’s Not News)
"Whats more – No one in the press corpse challenged the lies (also not news). I’m not even going to post the video because it was painful and boring the first time around.
“ 'We’re adapting. We’re producing more oil, and we’re importing less.'
“ 'Now, the hard truth is, is that as long as our economy depends on foreign oil, we’ll always be subject to price spikes.'
“ 'Our oil production reached its highest level in seven years. Oil production from federal waters in the Gulf of Mexico reached an all-time high,' adding that 'for the first time in more than a decade, imports accounted for less than half of what we consumed.'"
"Ace linked to Jazz Shaw in The Greenroom, who said:
" 'That’s an interesting claim, particularly given Hot Air’s coverage of the subject just prior to the press event. But record setting production would certainly be good news, wouldn’t it? Sadly, it seems that the President was basing his claims on some recent comments by Ken Salazar. While they sound great on paper, Ken was talking about the total number of oil rigs in the gulf, not the total amount of oil being produced. Jack Gerard of the American Petroleum Institute attempts to straighten out the math for the Oil Analyst in Chief.' "