Domestic Oil Production Can Help Keep Prices Low & Affordable

We can do this by increasing the availability and supply of oil. 

There are several factors affecting the price you pay at the pump, but none more than the cost of crude oil.  Crude oil is found deep underground, including below the ocean floor.   To learn more visit the Energy Information Administration website. 

When there is a high demand for gas and not enough supply, prices increase.    Government policies should encourage American companies to produce oil and gas here at home.

With advances in technology, oil reserves are now being discovered in places previously thought to be unreachable, such as in deep waters off the shoreline and even from rocks on the shore. There are many domestic areas, however, where resources are plentiful but are currently unavailable for energy exploration and production.  For example, oil reserves are abundant in Alaska, but many are off limits -- despite precautions to protect the fragile natural environment.   Done in an environmentally safe way these sources of oil could provide a stable energy resource for years to come.   Allowing increased oil exploration and production won’t increase our resources overnight, but is a vital investment in our energy future and helps to ensure gas prices remain low. 

In addition to keeping gas prices low, producing more energy at home improves our domestic energy security.   Most Americans dislike the idea of importing energy, especially from unstable parts of the world.  Increasing our American oil supply here at home not only enhances our energy security but provides critical revenue to federal and state coffers, creates high-paying good jobs,  and keeps prices in check at the pump.

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