American Energy

America now occupies a position of energy leadership that was unthinkable a short time ago. 

The U.S. recently become the world's leader in energy production.  We have surpassed Russia and Saudi Arabia as the world’s largest producer of oil and natural gas.  Over the last ten years,  America’s crude oil production has more than doubled (2008 to June, 2018) and natural gas is up 70% (2008 vs 2017). 

This makes us a safer nation.  It makes us more economically sound and less dependent on energy  from nations that don’t share our national interests.  It also is helping us improve air quality,  with U.S. being a leader in reducing carbon emissions - we are at 25 year lows despite substantial increases in energy production.

The oil and natural gas industry alone supports jobs for more than 10.3 million Americans.  It supports 65,000 good-paying jobs in Indiana that average $65,868 in salary, about 60% better than the state's average of $42,718.  Overall, the industry adds $4.4 billion to our state's economy. 

With pro-energy policies, there’s the potential to create millions more jobs and generate $122 billion more in government revenues by the year 2035. 


More Than Transportation

Petroleum products include transportation fuels, fuel oils for heating and electricity generation, asphalt and road oil, and the feedstocks used to make chemicals, plastics, and synthetic materials found in nearly everything we use today such as computers, plastics, phones, basketballs, toothpaste, dishwashing liquids, makeup, tires, crayons, golf balls, and more. 

Of the 7.3 billion barrels of total U.S. petroleum consumption, 47% was motor gasoline (includes ethanol), 20% for heating oil and diesel fuel, and 8% jet fuel.

 

Oil and natural gas are, and will continue to be for many decades, an integral part of American life.


Oil and natural gas supply more than 60 percent of our nation’s energy.  They are the foundation for products that we use daily.  In 2040, the U.S. Energy Information Agency projects that oil and natural gas will continue to supply over 60% of the global energy needs. 

There is no silver bullet to meeting America's energy needs.  We need all our sources of energy.  But we must recognize the reality of our reliance on the fossil fuels that help power our economy.  There is a significant amount of energy that we can produce domestically and not rely on from countries who may not always support our best interests. 

America needs to create sound policies that increase, not decrease, energy production - of all types.  Our policymakers must not create barriers to oil and natural gas development through moratoriums, higher taxes, and unnecessary regulations that stymie growth and hurt our economy.

 

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