President Obama’s all-of-the-above energy strategy is working – enhancing our energy security, cutting carbon pollution, and spurring economic growth. Since the President took office, U.S. production of electricity from wind has more than tripled, production of electricity from solar is up more than ten-fold, and production of oil and gas has grown each year. Today, the U.S. is the world’s leading producer of oil and natural gas. Let’s drill down on the facts: According to Energy Information Agency (EIA) estimates, U.S. crude oil production averaged more than 7.4 million barrels per day (bpd) in 2013, up from 5.0 million bpd in 2008. And that was just last year: EIA expects production to increase to more than 8.4 million bpd in 2014; U.S. crude oil production averaged nearly 8.2 million bpd in March already. Domestic natural gas production is on pace to set a new record high in 2014. EIA estimates marketed production averaged more than 72 billion cubic feet per day in March, up more than 5 percent from March of last year and up nearly 25 percent from 2008. The number of oil and gas drilling rigs has grown over the last four years. As of April 2014, there were 1,835 operating oil and gas rigs, up over 18 percent from 1,553 when President Obama took office in January 2009. read more

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Safe and Responsible Oil and Gas Production as Part of President Obama’s All-of-the-Above Energy Strategy