is at -- under my administration, oil production in america is at an all-time high. you and i both know that with only 2% of the world oil reserve, we cannot just drill our way to lower gas prices. not when we consume 20% of the world oil. we need an all-the-of of strategy. -- all-the-above strategy. that is the strategy we are pursuing. that is why i went to a plant in north carolina earlier this week for their making trucks that run on natural gas and hybrid trucks that go further on a single tank. and it is why i have been focused on fuel-efficient cars since i took office. for the last few years, the number of miles driven by americans has stayed roughly the same period the total amount of gas we use has been going down. in other words, we are getting

more bang for our buck. we can help drivers say significant amount of money. that is why, after 30 years of inaction, we finally put in place new standards that will make sure our cars averaged nearly 55 miles per gallon by the middle of the next decade. nearly double today. we had to bring together auto companies, unions, and folks who do not ordinarily see eye to eye. but it was worth it. these cars are not some pie in the sky solutions. they are being built right now by american workers in factories right here in the usa. every year, our cars and trucks will be able to go further and use less fuel. pretty soon, you'll be able to fill every two weeks instead of every week. something that, over time, will save the fiscal family more than $8,000 at the pump. we will reduce our oil consumption by more than 12 billion barrels. that is a future worth investing

in. so we have a choice. right now, some folks in washington would rather spend another $4 billion on subsidies to oil companies each year. you know what? we have been handing out these kinds of taxpayer giveaways for nearly a century. outside congress, does anyone really think that it is still a good idea? i want congress to stop the giveaways to an industry that has never been more profitable and invest in the clean energy industry that has never been more promising. we should be investing in the technology that is building the cars and trucks and jets that will prevent us from dealing with high gas prices year after year after year period ending this cycle of rising gas prices will let be easy and it will let happen overnight. but that is why you sent us to washington, to solve tough problems like this one. so i will keep doing everything i can to help you save money on gas, both right now and in the future. i hope politicians from both

sides of the aisle will join me. and put off -- and put aside the bumper sticker slogans and remember why we're here and get things done for the american people. thank you. god bless you. and have a great weekend. >> hi, i am governor of north dakota. where i live, we run government with common-sense. we don't spend more money than we collect in revenue each year. we don't have general obligation debt. and we only borrow when we have identified a revenue source to pay it back. these are big reasons why north dakota is doing so well compared to the rest of the nation. we have the lowest unemployment rate of all 50 states. 3.2%. and our prudent fiscal management has allowed us to lower taxes each of the last three legislative sessions. we have lowered substantially our real estate taxes, our individual income-tax is, and even our corporate income taxes.

our growing budget surpluses allow us to make large investments in infrastructure and job growth. just think of the wise investments our country could be making right now if the federal budget was managed this carefully. as a nation, what progress has been made to balance our annual budget deficit? have any real spending reductions been proposed by the democratic majority in the senate? has president obama made any real attempts to reduce spending? all we see our budgeting games. the american people are growing tired of the constant pleas for tax increases from this administration. long before any real proposals appear for spending reductions. keeping government house in order is only part of the equation. the other part is focusing on

creating good paying jobs. north dakota has been ranked no. 1 in the nation in job creation for each of the last three years by a gallup poll study. we have created a friendly business climate in north dakota where taxes and interest rates are low, the regulatory environment is very reasonable, and we have the most responses -- the most responsive state government anywhere. companies want to expand in north dakota because of the ease of doing business. and because of our well-educated well-trained work force. why do fortune 500 companies like caterpillar, amazon.com, and john beard choose to expand to north dakota when they could go anywhere in the world? they do it because they know that north dakota ins are friendly toward business and will work hard to help their employers be successful. our economic success is broad-

base. we have thousands of job openings in north dakota today. but almost every day the national media asks me if it is not all due to the oil boom in northwestern north dakota. i enjoy telling them that the county with the most job openings is not among western oil counties, but the counties surrounding fargo, our largest city and on the opposite side of the state. our technology parks around our research universities create great jobs by the thousands. advanced manufacturing as jobs in north dakota while most of the nation has lost manufacturing jobs. over the last 10 years, north dakota has been no. 1 in the nation in income and job growth. according to the u.s. chamber of commerce. why is our national economic

policy on the wrong track? there are two main reasons. first, the federal government is unnecessarily adding to the cost of living and the cost of doing business in america. just one example is their cost of energy. the price of gasoline is rising rapidly because we continue to depend on foreign oil. it is now within our reach to become energy independent in north america. if we simply developed the resources we already have available. in places like the gulf of mexico, non sensitive public lands across america, and in our friendly bordering countries. the second reason we are on the wrong track is that the federal government is killing energy development with overly burdensome regulations. the best example of this is the

keystone xl pipeline which the obama administration will not allow to be built. the state of north dakota is currently experiencing an oil boom. we have doubled our oil production in the last four years. we are about to become the second-largest oil-producing state behind only texas. but we cannot effectively market our crude oil domestically without a large north-south pipeline. north dakota oil producers were scheduled to feed the keystone pipeline with 100,000 barrels of crude oil per day. now, we will not able to supply the choice american markets because president obama says he needs more time to study keystone. the fact is he has had over three years to study this issue. congress should step in and pass

senator hoban's masteremeasure t would authorize the keystone project. it is a common-sense thing to do. the other key to north american energy independence is the rapid development of natural gas. production from shale, the epa is threatening to regulate this production out of existence by forcing rules that and hydraulics fracturring. it takes two miles -- it takes place 2 miles below the surface of the earth and nowhere near water supplies. it is time for this administration to stop using phony excuses. america needs to return to a government based on common sense. three presidential candidates have visited north dakota and i have told them all the same thing. built america back on the same