As a part of our ongoing efforts to answer your energy-related questions, here is a question from Ricky submitted in reply to our e-communication:
Question: Can we as a country produce our own oil and energy?
Answer: The United States has an incredible supply of onshore and offshore energy resources. However, to fully maximize the resources we have available, legislators must create the right energy policies, policies that increase access – reversing recent trends on federal lands and offshore – to promote economic growth and a more secure energy future.
According to the U.S. Energy Information Administration (EIA), the Gulf of Mexico is among the most important resources for domestic energy, with offshore oil production accounting for 29 percent of total U.S. crude oil production. Offshore natural gas production accounts for 12 percent of total U.S. production.
In the State of Union address this year the president called for more American oil and natural gas, while acknowledging that the hard-working men and women of the oil and gas industry – YOU – are helping lead our economic recovery. Thank you, Mr. President, for recognizing that this industry can create jobs and produce the energy to fuel our economy, while building a base for manufacturing and other industries.
But as the demand for energy rises, it becomes increasingly more important to address the regulatory barriers that prevent us from accessing our domestic resources. We must stay informed on the issues affecting our industry as well as be willing to take action in support of our work.