With the right policies, we can help satisfy the growing demand for energy, spur economic growth and strengthen national security.
The busy summer travel season is upon us, meaning increased demand for transportation fuel. According to AAA, nearly 44 million travelers were expected to head 50 miles or more from home over the recent Memorial Day travel period – an increase of 4% over last year.
As demand for affordable, reliable energy grows, American energy production has never been more important. In 2023, U.S. petroleum demand reached 20 million barrels per day, an increase of 240,000 barrels per day over 2022 levels. The good news is that the United States is the global leader in oil and natural gas production. But this didn’t happen overnight. It took decades of smart policymaking, bipartisan commitment and industry innovation.
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