2. Source: Energy Information Administration 200920102011

4. Source: U.S. Energy Information Administration

5. ◆ Blocking American energy production ◆ Promoting foreign energy production ◆ Raising energy taxes

6. Source: The State of American Energy 2011, American Petroleum Institute

7. ◆ While other countries continue to explore and develop new energy supplies, the Obama Administration continues to keep American resources under lock and key. 98% of the Federal Outer Continental Shelf is unleased 95% of onshore federal lands are unleased ◆ Obama Administration permitting delays have resulted in rigs moving to foreign waters, companies going bankrupt, and thousands of jobs lost. Source: House Committee on Energy and Commerce

8. ◆ The long-term impacts of the de facto moratorium could be significantly higher: 18-MONTH IMPACT OF THE DE FACTO BAN ON DEEPWATER DRILLING Source: The Economic Cost of a Moratorium on Offshore Oil and Gas Exploration to the Gulf Region, Dr. Joseph R. Mason, Louisiana State University.

9. “We want to work with you. We want to help with technology and support to develop these oil reserves safely, and when you’re ready to start selling, we want to be one of your best customers. … [T]he United States could not be happier with the potential for a new, stable source of energy.” President Barack Obama Remarks in Brasilia, Brazil March 19, 2011

10. ◆ More jobs sent overseas ◆ More revenue lost ◆ More pain at the pump

12. increase foreign dependence.” Source: Congressional Research Service According to the nonpartisan Congressional Research Service, Democrats’ proposed energy tax hikes on American energy companies “would make oil and natural gas more expensive for U.S. consumers and likely

13. ◆ The Obama Administration is now proposing a new government office that will monitor your driving and require you to pay a tax on how much you drive. ◆ To study and implement this tax, they want to spend $200 million for a new government office and more federal bureaucrats. Source: The Hill, 5/5/11

14. Common Sense Solutions ◆ Stop government policies that are driving up gas prices ◆ Expand American energy production to help lower costs and create more jobs ◆ Promote an “all of the above” strategy to increase all forms of American energy

15. ◆ House Republicans have a record of fighting high gas prices with an “all of the above” energy policy ◆ The American Energy Act (H.R. 6566), introduced in 2008 when gas spiked to $3.90/gallon, would have: ◆ Increased the production of American-made energy ◆ Promoted new, clean and reliable sources of energy ◆ Cut red tape and increased the supply of American-made fuel and energy ◆ Encouraged greater energy efficiency by offering conservation tax incentives But then-Speaker Pelosi and Congressional Democrats refused to allow a vote on the bill.

16. ◆ Three key bills:  H.R. 1229, ending the Administration’s de facto drilling moratorium in the Gulf of Mexico PASSED  H.R. 1230, requiring the Administration to move forward in conducting offshore lease sales in the Gulf of Mexico and Virginia PASSED  H.R. 1231, lifting the President’s ban on new offshore drilling PASSED

17. ◆ These bills will help create American jobs ESTIMATED IMPACT OF HOUSE REPUBLICANS’ ENERGY LEGISLATION Source: The Economic Cost of a Moratorium on Offshore Oil and Gas Exploration to the Gulf Region, Dr. Joseph R. Mason, Louisiana State University.

18. ◆ These bills will: ◆ Create jobs ◆ Reduce energy prices ◆ Help grow our economy ◆ Reduce our dependency on foreign sources of energy more jobs lower energy prices

20. Source: CRS Report, U.S. Fossil Fuel Resources: Terminology, Reporting and Summary, pg.18CRS Report

21. Source: CRS Report, U.S. Fossil Fuel Resources: Terminology, Reporting and Summary, pg.10CRS Report

22. Source: CRS Report, U.S. Fossil Fuel Resources: Terminology, Reporting and Summary, pg.9CRS Report

23. Source: CRS Report, U.S. Fossil Fuel Resources: Terminology, Reporting and Summary, pg.10CRS Report

24. Source: CRS Report, U.S. Fossil Fuel Resources: Terminology, Reporting and Summary, pg.9CRS Report

25. Source: CRS Report, U.S. Fossil Fuel Resources: Terminology, Reporting and Summary, pg.17CRS Report Australia & New Zealand India China Russia United States

26. Total U.S. Oil and Natural Gas 162.9 billion barrels of oil 1420.9 trillion cubic feet Outer Continental Shelf (Offshore) 85.8 billion barrels of oil 419.8 trillion cubic feet of natural gas Onshore 48.6 billion barrels of oil 756.31 trillion cubic feet of natural gas Coal 488 billion short tons, of which 261 billion short tons is recoverable through mining Oil Shale More than 1.5 trillion barrels of oil Shale Gas 616 trillion cubic feet Methane Hydrates 320,000 trillion cubic feet of gas