Tuesday, January 24, 2012

Obama Administration: U.S. Oil Production Highest Since 2003 (ContributorNetwork)

According to a news release posted at the U.S. Department of Energy's website and that of the White House, domestic energy production is the highest it has been since 2003 and the Obama Administration has been active in other energy policies. Here are the details by the numbers.

90,000: More barrels each day of crude oil were produced in the U.S. in 2011 than in 2010.

7.4: Percent that natural gas production grew in the U.S. in 2011 -- the largest year-over-year volumetric increase ever reported.

45: Percent net oil imports in 2011 was the lowest percentage of oil imports to the U.S. since 1995.

338 million: Dollars in total bids from the December oil and gas lease sale held in the Gulf of Mexico. The sale was the first held since the oil spill.

54.5: Miles per gallon fuel standards will be required for model 2017 to 2025 passenger vehicles, the Obama administration announced in January. The administration expects that this increased vehicle performance will save Americans $1.7 trillion over the life of the program.

2.2 million: Fewer barrels of oil a day will be consumed in the U.S. by 2025 due to the fuel economy standards, the administration says, saving 12 billion barrels total over the life of the program.

$90 billion: The Recovery Act invested in clean energy.

40: Clean energy projects have received funding by the Department of Energy's Loan Guarantee Program.

20: Percent increase in Bureau of Land Management onshore oil and gas lease sales revenue in 2011 over 2010, according to a news release from the U.S. Department of the Interior.

256 million: Dollars from the 32 onshore oil and gas lease sales that took place in 2011, offering 1,755 parcels of land over 4.4 million acres. Of those offerings, the DOI reported, 1,296 parcels were sold.

36: Percent BLM oil and gas leases in 2011 were protested -- a decrease from the 47 percent that were protested in 2009.

32: Additional oil and gas lease sales on public lands will be held in 2012, the DOI reported, offering "thousands of parcels in California, Colorado, the Eastern States, Montana, New Mexico, Nevada, Utah and Wyoming."

Source: http://us.rd.yahoo.com/dailynews/rss/obama/*http%3A//news.yahoo.com/s/ac/20120122/pl_ac/10866277_obama_administration_us_oil_production_highest_since2003

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