We have two percent of the world's proven oil reserves. We produce 11 percent of the world's oil on a yearly basis, and we consume 25 percent of the world's oil on a yearly basis.
Ed Markey: “We have two percent of the world's proven oil reserves. We produce 11 percent of the world's oil on a yearly basis, and…”
Editor's note · Context
Markey highlights the disparity between U.S. oil reserves and consumption rates.
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