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Energy Independence

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President Obama knows we can’t just drill our way to lower gas prices or a quick-fix solution to our energy needs. That’s why he and Democrats are focused on developing all of America’s natural resources—domestic oil, gas, wind, solar and biofuels—and encouraging fuel efficiency so that we can reduce our dependence on foreign oil over time.

Already, this President has led the way to:

  • Domestic oil production at an eight-year high, and our dependence on foreign oil at a 16-year low. In 2011, we cut net oil and petroleum imports by 1 million barrels a day.
  • Expanded domestic oil production by speeding up the leasing process and improving safety measures to prevent future spills.
  • Nearly doubling renewable wind, solar and geothermal energy since 2008.
  • Agreeing with automakers to nearly double fuel efficiency standards for cars and trucks. That will help to save families more than $8,000 per vehicle at the pump and decrease our oil consumption by an estimated 2.2 million barrels a day.
Recent Updates
  • Video: GOP Must Stand Up to Big Oil

    Today in the Senate, Democrats are holding a hearing on eliminating unnecessary tax breaks for oil and gas companies -- and to discuss the need to combat rising energy prices. In the face of staggering oil industry profits, President Obama and congressional Democrats are pressing for an end to these unneeded government subsidies. Republicans, however, are refusing all efforts to roll back Big Oil’s $4 billion taxpayer payday.

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  • President Obama Speaks in Indiana about America’s Energy Future

    Last Friday – just a few hours after the U.S. Labor Department released its April jobs report showing the largest increase in private-sector job growth in five years – President Obama addressed roughly 750 workers at Allison Transmission Headquarters in Indianapolis. The President spoke about the need to combat the escalating cost of gas and used Allison as an example of the type of company that will develop new technologies, reduce our country’s dependence on oil, and create jobs.

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  • Weekly Address: Ending Taxpayer Subsidies for Oil Companies

    At a time when the cost of gas is reaching all time highs and the oil industry is seeing record profits, President Obama renews his call to end the $4 billion-per-year tax breaks for oil and gas companies – and, instead, invest that money to create a more sustainable energy future.

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