2010 ANNUAL REPORT | 15 for a new energy future with greater natural gas usage and increased  domestic oil production as two of its primary attributes, it is encouraging  to see our political leadership finally grasp that natural gas stands alone  as the only affordable, scalable and immediately available alternative to  foreign oil and that U.S. oil production can be increased significantly in  the years ahead.  The events of the past few months have unmistakably driven home  the fact that it is insanity to rely on the Middle East to provide our econ- omy’s lifeline of oil. This should be especially obvious when one realizes  that during the next 10 years, America will likely export at least another  $4 trillion in national wealth to oil exporters around the world. Clearly,  our country must demand from its leaders a new and more sustainable  energy future.  The combination of these vast new discoveries of unconventional  natural gas and liquids provides America with a unique future path- way toward greater energy independence, an industrial renaissance,  economic rejuvenation and greater national security. I remain fully con- fident that the marketplace understands this and that over time the U.S.  will more fully embrace and utilize clean, affordable, abundant American  natural gas and increased domestic oil production as the best alterna- tives to burning environmentally challenged coal and expensive and  dangerous foreign oil.  There is now a clear road ahead toward a more sustainable, afford- able, dynamic and independent future if America embraces the remark- able gift of energy abundance that Chesapeake has helped discover in  the U.S. You have my commitment, and the commitment of more than  The combination of these vast new discoveries  of unconventional natural gas and liquids provides America with a unique future path-  way toward greater energy independence, an industrial renaissance, economic rejuvenation  and greater national security. Advancing technology for cleaner operations: solar panels at a West Texas well power  telemetry systems that provide pumpers with real-time information on oil and water  tank levels to alarm them when levels near capacity, preventing tank spills. 10,000 other Chesapeake employees, that every day we are working  hard to create shareholder value and a better future for our communi- ties, our states and our country through the continued discovery and  development of unconventional natural gas and liquids. The good news, however, is that America can now secure a new  energy future thanks to Chesapeake and a handful of other leading U.S.  E&P companies that have reinvented the process of finding natural gas  and oil during the past five years. In doing so, we have discovered twice  the resources of natural gas in the U.S. that Saudi Arabia possesses in oil.  Furthermore, these same few companies that led the unconventional  natural gas revolution have in just the past two years also reinvented  the way in which we can find large new oil resources onshore in the U.S.  In fact, I believe the U.S. can possibly increase its production of oil from  the current 5.8 million barrels per day by 30–50% during the next 5–10  years, thereby potentially reaching the President’s 2025 goal of reducing  foreign oil imports by 33%, 5–10 years earlier than hoped.  Best regards, April 15, 2011 Aubrey K. McClendon Chairman and Chief Executive Officer