In his weekly address Saturday morning, President Obama singled out how the nation’s economy has been strengthened and bolstered by the increased production of energy here in the U.S.

We produce more natural gas than anyone – and nearly everyone’s energy bill is lower because of it.  And just this week, we learned that for the first time in nearly two decades, the United States of America now produces more of our own oil here at home than we buy from other countries.

President Obama also pointed out the strategic importance of these developments.

That’s a big deal. That’s a tremendous step towards American energy independence.

The President summed up his speech by pointing out the many benefits of continuing to develop America’s abundant energy resources:

More good jobs. Cheaper and cleaner sources of energy. A secure energy future. Thanks to the grit and resilience of American businesses and the American people, that’s where we’re heading.

Watch the President’s Weekly Address HERE.