>> bill: president obama holds press conference today. oil prices popularity is down 10 points in a month. here is what he says, go. >> our oil production reached its highest level in seven years. oil production from federal watters in the gulf of mexico reached an all-time high. for the first time in more than a decade, imports accounted for less than half of what we consumed. >> bill: i didn't know that. >> well, it's interesting in this little statistical war that is going on now between republicans and the white house. the fact is that just about half of the rigs in the gulf have been taken out of service because of what has been a passive aggressive ban. it's also interesting that this president did not recommend a single policy advance here today at that news conference. and he chose to talk about energy on the second day of declines in crude oil prices since the run-up began. >> bill: all right. but he -- if he is what he says is true, we are getting more oil