US Presidency
2012

Support the same kind of research and innovation that led to the computer chip and the Internet; to new American jobs and new American industries. And nowhere is the promise of innovation greater than in Berlin and energy. Over the last three years, we've opened millions of new acres for oil and gas exploration, and tonight, I am directing my administration to open more than 75 percent of our potential offshore oil and gas resources. Right now right now American oil production is the highest that it's been in eight years. That's right eight years. Not only that last year, we relied less on foreign oil than in any of the past 16 years. But with only 2 percent of the world's oil reserves, oil isn't enough. This country needs an all out, all-of the above strategy that develops every available source of American energy. A strategy that's cleaner, cheaper, and full of new jobs. We have a supply of natural gas that can last America nearly 100 years.