Under the present Oboma administration according to the white house official website, the United States of America have been gradually moving to a more self substaining energy production future. The United States under the present Obama administration according to them, domestic oil production has been increasing eevery year, and in 2011 the United States of America crude oil production reached its highest peak level since 2003, increasing oil production by an estimated 120,000 barrels per day over 2010 levels to 5.6 million barrells per day. In adition to this the U.S natural gass production also grew by more than 7 percent in 2011 yeilding the largest ever volumetric increase in history and easily beating the previous record set in 1973. This also brought about a reduction in the imports of foreign oil to the country from 11 million barrels of oil been imported daily to 8.4 million barrels per day which is a 2.6million barrels difference which speakes allot about the increase in her level of independence.
Many reforms have been put forward by the Obama administration to ensure that oils on public lands and offshore are utilized gracefully, and also that tax payers receive fair market value for both onshore and offshore resources, so therefore have provisions for additional impetus to invest in leases that are likely to be developed. The Obama administration as alsoraised the bar of safety by setting reforms in the offshore oil and gas sectore which covers matters from normal safety issues to clean up programmes which can be said to have been influenced by the BP oil spil. The Obama administration not only made reform to help in managing the production sectors, reforms were also made to benefit every one down to the average everyday consumer. Although i would not like to speculate much due to lack of other external sourxce to back uop my point beyond the white house website.
For more reading on a more recently updated source, visit the white house official website with link below
K.M-J
http://www.whitehouse.gov/energy/securing-american-energy#energy-menu
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