The United States is largely dependent on crude oil. It is used to make gasoline, diesel fuel, aviation fuel, electricity, plastics, and essential products such as asphalt. Modern farming and food processing also use significant amounts of oil.  Because of these dependencies, where consumed US oil is produced can have a huge impact on our economy and national security.
Currently we are going in an energy direction that would delight all presidents since Nixon. There has been a surge in new oil rigs across the country from deep sea sites to rural oil havens, reversing twenty years of decline. Newly developed technologies combined with rising oil prices since 2004 have spurred this rise in production. [ 2]
Not only has production increased, but US consumption has decreased because of the economic downturn beginning in 2008, rises in oil prices, and movements toward using more fuel efficient vehicles. In 2005 60% of consumed liquid fuel was imported, while in 2011 this percentage dropped to 45%. This can be seen in a chart in source .
Though these trends may be counterintuitive economically (supply rising, consumption falling, and prices driving upward), the rising global demand for oil is controlling the economic fluctuations in the oil market. BRIC countries are growing faster than they can create an energy infrastructure, pressuring existing producers to increase output. United States oil production is currently 5.7 MMBD and is predicted to double by 2020. 
Obama’s plans to increase energy independence, as announced in his first speech as President to Congress in January of 2009, have mostly come true. His three main initiatives are as follows:
- Create a new American energy economy by making homes more energy efficient and increasing the energy infrastructure
- Ensure fuel efficient cars are built in America to maintain competition with foreign carmakers and reduce oil consumption per capita
- Encourage the federal government to work with states to reduce greenhouse gases, and create incentives to develop clean energy. 
While this third bullet will suffer as a result of increased oil production within the United States, cars built today are increasingly fuel efficient, and the American economy and energy infrastructure is growing.
Recently Obama has begun to change his tune, seemingly as a campaign tactic for the upcoming the election. With less emphasis on clean energy, and more on encouraging new oil production, signs are pointing toward an administration after this election that will emphasize oil production and US energy independence from fossil fuel products. While global growth will largely affect this possibility of becoming more independent, it may be more a question of whether US policy and energy companies can keep up with global demand.
 “Why we may never be able to say goodbye to oil”: http://www.bbc.co.uk/news/10311029 %5B4%5D Obama speech: http://news.bbc.co.uk/2/hi/americas/7851970.stm
 “The US inches toward goal of energy independence”: http://www.nytimes.com/2012/03/23/business/energy-environment/inching-toward-energy-independence-in-america.html?_r=1&ref=energy-environment
 Charts: “While the US moves toward energy independence”: http://www.nytimes.com/interactive/2012/03/22/business/energy-environment/while-the-us-moves-toward-energy-independence.html?ref=energy-environment
 Obama speech: http://news.bbc.co.uk/2/hi/americas/7851970.stm