In recent weeks, the Department of the Interior announced a key component of President Obama’s all-of-the-above energy strategy: a five-year program for offshore oil and gas leasing that will allow our nation to expand safe and responsible oil and gas development to help power our economy. The five year program, which we developed after extensive input from the public, states, tribes, and others, makes more than 75% of recoverable energy resources in our oceans available for exploration and development – including frontier areas in the Alaskan Arctic. At the same time, we are also taking steps to identify additional resources in currently undeveloped areas to inform future development decisions.
The five year program we are implementing builds on the President’s strong record on oil and gas development. Nationwide, domestic oil and natural gas production has increased every year President Obama has been in office. In 2011, American oil production reached the highest level in nearly a decade and natural gas production reached an all-time high. America’s dependence on foreign oil has gone down every single year since President Obama took office. We have cut net imports by ten percent – a million barrels a day – in the last year alone. At the same time, we have implemented comprehensive reforms in the wake of the Deepwater Horizon oil spill in the Gulf of Mexico that has made offshore development safer and more responsible.
Under the administration’s five year program, we have delivered what the American people have asked for: a smart way forward that focuses on the areas that contain the overwhelming majority of the resources rather than simply opening areas for the sake of achieving an imaginary acreage threshold.
Fonte: White House