Social media pages are spreading a false claim that President Joe Biden revoked the permit for the Keystone XL Pipeline because of a campaign donation from Warren Buffett. Buffett did not donate to Biden’s campaign.
Q: Is it true that boycotting companies that import foreign oil will "avoid putting more money into the coffers" of foreign countries?
A: No. There is no way to know for sure whether your local station is selling gasoline from imported or domestic oil. Besides, U.S. oil demand is twice its domestic supply.
Conflicting, false and misleading statements on oil production and gasoline prices have become the currency of politicians lately, as oil tops $100 per barrel and gasoline hovers near $4 per gallon. Among some of the claims that got our attention …
In a July 6 interview with Russian newspaper Novaya Gazeta, President Obama repeated his false claim that the U.S. “import[s] more oil today than ever before.” When Obama first said this in February during an address to a joint-session of Congress, we wrote that the president had gotten his facts wrong. We said then that oil imports peaked in 2005 and have “substantially” declined since.
That’s still the case. This chart from the U.S. Energy Information Administration,
President Obama’s first speech to a joint session of Congress was stuffed with signals about the new direction his budget will take and meant-to-be reassuring words about the economy. But it was also peppered with exaggerations and factual misstatements. He said “we import more oil today than ever …