President Donald Trump has released a statement calling for the United States to curb regulations and focus on energy independence.
The White House said that it is “committed to achieving energy independence from the OPEC cartel and any nations hostile to our interests.”
The Trump administration said it also intends to work with Gulf allies to develop a “positive energy relationship as part of our anti-terrorism strategy.”
U.S. crude oil exports have been steadily growing since President Barack Obama lifted a 40-year-old ban on U.S. crude exports in December 2015.
According to the U.S. Energy Information Administration (EIA), U.S. crude exports averaged 501,000 barrels per day in the first five months of 2016, a 9 percent gain over the full-year 2015 daily average.
Canada was the largest source of U.S. petroleum imports in 2015 followed by Saudi Arabia, Venezuela, Mexico, and Colombia, according to the EIA.
U.S. net imports of crude and petroleum products have been steadily declining over the last decade.
U.S. net imports have fallen from a high of 13.4 million barrels per day in August 2006 to 4.78 million barrels per day in October 2016, according to data provided by the EIA.
The White House said that Trump is “committed to eliminating harmful and unnecessary policies such as the Climate Action Plan and the Waters of the U.S. rule.”
The statement said that lifting those regulations will increase wages by “more than $30 billion” over the next seven years.
The Trump Administration also said it will “embrace the shale oil and gas revolution” and supports the development of untapped energy reserves, “especially those on federal lands that the American people own.”
The White House also said it is “committed to clean coal technology.”
“We will use the revenues from energy production to rebuild our roads, schools, bridges and public infrastructure. Less expensive energy will be a big boost to American agriculture, as well,” the White House said.
The White House said Trump will also “refocus the EPA on its essential mission of protecting our air and water.”
“Under the Trump Administration’s energy policies, that future can become a reality,” the statement concluded.