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to oil and gas production. we have quadruple ed the number of operating oil rigs to a record high. we have added enough oil and gas pipeline to circle the earth and then some. just yesterday we announced the next step for a potential new oil and gas exploration in the atlantic. so the fact is we re producing more oil right now than we have in eight years and we re importing less of it as well. for two years in a row america has bought less oil from other countries than we produce here at home. for the first time in over a decade. so american oil is booming. the oil industry is doing just fine. with record profits and rising production i m not worried about the big oil companies. with high oil prices around the world, they have got more than enough incentive to produce even more oil. that s why i think it s time they got by without more help from taxpayers who are already having enough time paying the bills and filling up their gas tank. i think it is curious that some f ....
strategy. we want u.s. oil companies to be doing well. we want them to succeed. that s why under my administration we have opened up millions of acres of federal land and waters to oil and gas production. we have quadruple ed the number of operating oil rigs to a record high. we have added enough oil and gas pipeline to circle the earth and then some. just yesterday we announced the next step for a potential new oil and gas exploration in the atlantic. so the fact is we re producing more oil right now than we have in eight years and we re importing less of it as well. for two years in a row america has bought less oil from other countries than we produce here at home. for the first time in over a decade. so american oil is booming. the oil industry is doing just fine. with record profits and rising production i m not worried about the big oil companies. with high oil prices around the world, they have got more than enough incentive to produce even more oil. that s why i ....
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