While the EIA, in its Annual Energy Outlook 2010, states that US demand for petroleum-based liquids will remain relatively flat over the next two decades, the size of the US oil market is such that the requirement to boost domestic production to help prevent further growth in the share of oil imports is still substantial. Indeed, approximately 57% of the US’ petroleum needs are supplied by oil imports and reversing the trend of growing import dependence is a key priority for the Obama administration.