Is He Lying or Just An Idiot

Today, Barak Hussein Obama, he of the 3000% raises, said this:

"We have 2% of the world's oil reserves but we consume 20% of the world’s production. Therefore we can never drill our way to independence."

First, there is no correlation between the amount of the known world oil reserves and the amount of the present level of oil production. None. There is no logic to his statement.

Second, in the 2% number, he intentionally excluded our vast oil shale reserves.