In President Obama’s speech given at Northwestern University in early October he speaks on the economic and energy security benefits of American oil and natural gas production. Below is an excerpt from President Obama’s speech:
“We upped our investments in American energy to reduce our dependence on foreign oil and strengthen our own energy security. Today, the number one oil and gas producer in the world is no longer Russia or Saudi Arabia; it’s America. For the first time in nearly two decades, we now produce more oil than we buy from other countries. We’re doing it so fast that two years ago, I set a goal to cut our oil imports in half by 2020 – and we will meet that goal this year.”
Visit myFOXchicago.com to read the full transcript of President Obama’s speech at Northwestern University.
Watch President Obama’s full speech in the video below.