Democratic talking point is very close to right
"We only have 2 percent of the oil reserves in the world, and we consume 25 percent of the world's oil on a daily basis."
— PolitiFact National
True for some leases, and the dollar losses are a work in progress
"Right now every single one of the (oil) companies here today and dozens of others are drilling for free in the Gulf of Mexico on leases that will cost American taxpayers more than $50 billion in lost royalties."
CBO estimate works out to a stamp per day
Says the Congressional Budget Office estimates a cap-and-trade program would cost the average family the equivalent of "a postage stamp a day."
© 2014 • All Rights Reserved • Tampa Bay Times
490 First Avenue South • St. Petersburg, FL 33701 • 727-893-8111
About PolitiFact | Contact Us | Advertise