In his recent State of the Union Address, President Obama outlined a comprehensive plan to increase jobs, increase natural gas and clean energy production, and reduce our dependence on foreign oil.
In order to optimize domestic oil and gas resources the Domestic of Interior is to lease out 38 million acres in the Gulf of Mexico, potentially yielding 1 billion barrels of oil and 4 trillion cubic feet of natural gas.
The Department of Interior is also expected to finalize a deal that makes 75 percent of offshore resources available in the Gulf of Alaska.
The president also put forth a plan that aims to harness America’s nearly 100-year supply of natural gas, which could create more than 600,000 jobs, a move coupled with rules that would require the disclosure