Get the Facts: Our Dependence on Foreign Oil is Declining

Thursday, March 1, 2012   Get the Facts: Our Dependence on Foreign Oil is Declining America's dependence on foreign oil has gone down every single year since President Obama took office. In 2010, we imported less than 50 percent of the oil our nation consumed—the first time that's happened in 13 years—and the trend continued in 2011. We're relying less on imported oil for a number of reasons, not least that production is up here in the United States. In fact, America is producing more oil today than at any time in the last eight years. Despite all this, Americans are still paying more at the pump when we fill up. That's because drilling for more oil here at home won't affect the price of gas on its own. So we have to do more than drill now to bring down prices for the future. Relying on the fossil fuels of the last century won't be enough, especially as demand keeps increasing. We need an all-out, all-of-the-above strategy that develops every available source of American energy. This is the strategy President Obama has been pursuing since he took office, but there's still more to be done. Fact Check: All-of-the-Above Approach to American Energy Lately, there have been a lot of misleading claims about gas prices. As middle class families are struggling with high prices at the pump, a result of increased global oil prices, politicians have renewed their promises for $2 gas and their misleading claims about who is to blame. Read more. By the Numbers: $4 Billion Oil companies receive $4 billion every year in taxpayer-funded subsidies, despite continually bringing in record high profits. Meanwhile, gas prices are on the rise—just like they were this time last year—and the same people funding those subsidies are paying more at the pump for the gas they need to get to school and work. By the Numbers: 55 Thanks to fuel economy standards established by the Obama Administration, cars and trucks on the road in 2025 will average 55 miles per gallon of gas. These tougher fuel standards will reduce our oil consumption by more than 2 million barrels a day, but we have to do more. In Case You Missed It Weekly Address: An All-Of-The-Above Approach to American Energy President Obama talks about how important it is to embrace an all-of-the-above approach to addressing our nation's energy challenges. Get Updates Did a friend forward you this email? Sign up for energy & climate email updates. To find out more about what the Administration is doing on energy, be sure to visit WhiteHouse.gov/Energy. Stay Connected     Facebook Twitter YouTube Flickr iTunes     This email was sent to e0nstar1.blog@gmail.com Manage Subscriptions for e0nstar1.blog@gmail.com Sign Up for Updates from the White House Unsubscribe | Privacy Policy Please do not reply to this email. Contact the White House The White House • 1600 Pennsylvania Ave NW • Washington, DC 20500 • 202-456-1111