Controlling our energy future through an all-of-the-above approach will create good middle-class jobs and reduce our reliance on foreign oil.
Domestic oil and natural gas production has increased every year since President Obama took office. In 2011, U.S. oil production reached the highest level in 8 years and natural gas production hit an all-time high. On Federal lands and waters alone, oil production is up 13%.
U.S. dependence on foreign oil has decreased every year since President Obama took office. We now import less than half of the oil we consume and in 2011, imports as a share of total consumption declined to a 16-year low.
New fuel economy standards for cars and trucks, the first in 30 years, will cut oil consumption by 2.2 million barrels a day, slash emissions by 6 billion metric tons, and save the average driver $8,000 at the pump by 2025.
Invest in a domestic clean energy economy powered by sources like wind, solar, and clean coal. Renew successful bipartisan tax incentives that create American jobs and reduce our reliance on foreign oil.
Make more than 75% of our potential offshore oil and gas resources available for exploration and development and permit clean energy projects on public lands that will generate enough renewable energy to power 3 million homes.