Horizontal drilling and hydraulic fracturing have boosted shale gas production from zero a few years ago to 10% of all US energy supplies in 2012, observes energy analyst Daniel Yergin. Fracking has also increased US oil production 25% since 2008 – almost all on state and private lands, and in the face of more federal land and resource withdrawals, permitting delays and declining public land production.
Initially, President Obama passed on the gasoline price issue, but Governor Romney picked it back up, noting that, "When the President took office, the price of gasoline here in Nassau County was about $1.86 a gallon. Now it's $4.00 a gallon." Obama had to agree on the prices, but had some very interesting things to say about what they meant.
President Obama boasts that, "We have increased oil production to the highest levels in 16 years. Natural gas production is the highest it’s been in decades." What's this "we" stuff? Romney counters, "the president’s right in terms of the additional oil production, but none of it came on federal land. As a matter of fact, oil production is down 14 percent this year on federal land, and gas production was down 9 percent.
President Obama said, "We have seen increases in coal production and employment" during his term. Governor Romney retorted that, "I was in coal country. People grabbed my arms and said, 'Please save my job.' The head of the EPA said, 'You can’t build a coal plant. You’ll virtually -- it’s virtually impossible given our regulations.'
The Hill reported today that President Obama has not wavered in his commitment to reducing carbon dioxide levels and fighting man-made climate change: "Activists with President Obama’s campaign are trying to dampen criticism from environmentalists who say global warming has been given short shrift in the 2012 presidential race."
From Ron Arnold's article in The Washington Examiner: "To get some perspective on this exchange, I called Marc Morano, communications director of the Committee for a Constructive Tomorrow, a positive voice on environment and development issues. Morano told me about his Climate Depot project and its current campaign, 'Ethical Energy.'"
Governor Mitt Romney strongly supports North American energy independence as the foundation of renewed US employment and prosperity. President Obama is waging war on fossil fuels, job creation, and efforts to end our economic recession and reduce dependence on Middle Eastern and Russian oil.