Obama on energy: "After thirty years of inaction, we raised fuel standards so that by the middle of the next decade, cars and trucks will go twice as far on a gallon of gas. We've doubled our use of renewable energy, and thousands of Americans have jobs today building wind turbines and long-lasting batteries. In the last year alone, we cut oil imports by one million barrels a day - more than any administration in recent history. And today, the United States of America is less dependent on foreign oil than at any time in nearly two decades."
The president has set higher fuel-efficiency standards for U.S. vehicle fleets, but there has been action on the issue in the last 30 years -- Congress agreed to raise fuel efficiency standards in 2007.
The United States has nearly doubled its increase of renewable energy since 1973 - a time when most of renewable energy came from hydroelectric power and the U.S. used negligible amounts of solar, wind and geothermal energy. Since 2005, halfway through the Bush administration, the use of renewable energy increased - but not doubled - from 6.2 quadrillion Btu to 8.3 quadrillion Btu in the first 11 months of 2011.
Oil imports can be measured in at least two ways - net imports (total imports minus exports) or as total imports. The U.S. Energy Information Administration (EIA) states, "[N]et-imports...gives a clearer indication of the fraction of oil consumed that could not have been supplied from domestic sources and is thus the most appropriate measure."
John Cogan, spokesman for the EIA told CBS News, "If we look at net imports for the first 7 months of 2012 it is 7,839,000 barrels per day and the last time we saw the figure at that level, on an annual rate of imports, was in 1993 when it was 7,618,000 barrels per day."
Obama on energy: "We're offering a better path - a future where we keep investing in wind and solar and clean coal; where farmers and scientists harness new biofuels to power our cars and trucks; where construction workers build homes and factories that waste less energy; where we develop a hundred year supply of natural gas that's right beneath our feet. If you choose this path, we can cut our oil imports in half by 2020 and support more than 600,000 new jobs in natural gas alone"
The President also made this claim about 600,000 jobs in his State of the Union earlier this year. A report from IHS Global Insight states, "In 2010, the shale gas industry supported over 600,000 jobs, which included 148,000 direct jobs in the U.S., nearly 194,000 indirect jobs in supplying industries, and more than 259,000 induced jobs. By 2035, the shale gas industry will support a total of over 1.6 million jobs across the U.S. economy, comprised of more than 360,000 direct jobs, over 547,000 indirect jobs, and over 752,000 induced jobs."
As for cutting "oil imports in half by 2020", the Associated Press points out that an Obama campaign document says that the president is using 2008 as a baseline for the reduction in imports, allowing him to claim credit for several years of declining demand for fuel because of the recession and leasing and production decisions made by President George W. Bush's administration.
The president's projections are in line with those of government and independent analysts, who say that if current trends continue, imports will decline to levels not seen for decades, even without additional policy changes.
Obama on the deficit: "Independent analysis shows that my plan would cut our deficits by $4 trillion. Last summer, I worked with Republicans in Congress to cut $1 trillion in spending - because those of us who believe government can be a force for good should work harder than anyone to reform it, so that it's leaner, more efficient, and more responsive to the American people."
President Obama is talking about the budget he proposed for 2013. It takes credit for cutting $4 trillion over the next 10 years. Although his proposal does do that, it uses some cuts already enacted and tax increases to get there.
The budget cut includes $1 trillion in spending cuts that Congress has already agreed to. And as The Washington Post notes, his budget proposal also includes nearly $850 billion dollars in savings from the wars in Iraq and Afghanistan. It is money that might never have been allocated as the war in Iraq has largely come to an end and combat operations in Afghanistan are set to end in 2014. But some experts say the president should take credit for this spending reduction since he is the one who has brought the wars to a close.
One component of the president's budget that differs dramatically from Paul Ryan's proposal is that nearly a third of the president's savings over the next ten years comes in the form of tax increases, predominantly on those making more than $250,000.
The president's budget does include some major components of the budget that most previous budgets have left out because of their cost. The president's proposal includes the cost of the Alternative Minimum Tax and Medicare payments to physicians. Presidents often leave those items out to manipulate the budget numbers as they had hundreds of billions to the cost. For instance, the AMT alone adds $1.2 trillion over a decade.