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Romney Floats Plan for Energy Independence

Republican presidential candidate and former Massachusetts Gov. Mitt Romney shakes hands during a campaign event in Hobbs, New Mexico, Aug. 23, 2012.
Republican presidential candidate and former Massachusetts Gov. Mitt Romney shakes hands during a campaign event in Hobbs, New Mexico, Aug. 23, 2012.
VOA News
Mitt Romney laid out a plan Thursday that he says will lead the United States to energy independence by 2020, while creating three million jobs and bringing in more than $1 trillion in revenue.

Speaking in the town of Hobbs in the southwestern state of New Mexico, the presumptive Republican presidential candidate said the plan "is not some pie in the sky kind of thing," but rather "a real achievable objective.''

Romney said the plan includes approving the Keystone XL pipeline, which would carry oil extracted from the so-called "tar sands" in Canada's Alberta province to Texas, and forming a North American "energy partnership" with Canada and Mexico.

In January, the Obama administration denied a permit for the proposed pipeline, saying congressional Republicans did not give it enough time to determine the project's impact on public safety and the environment.

Romney said Thursday that he would give individual states, rather than the federal government, the authority to issue permits for new oil wells on federal land in order to speed up the licensing process.  He said he would also accelerate the development of oil wells off the coast of the states of Virginia and North Carolina, and in the Gulf of Mexico.
 
Romney said his plan would not only create millions of jobs, but would also lower energy prices, reduce the U.S. trade deficit by 80 percent and improve U.S. national security by making the country less reliant on unfriendly countries for energy supplies.

The presumptive Republican nominee said his energy plan will help the U.S. economy come "roaring back."

The Obama administration has noted that during the president's time in office, U.S. dependence on foreign oil has gone below 50 percent for the first time in 13 years.

And White House spokesman Jay Carney said Thursday that the Obama administration has provided "very aggressive support" for every form of energy, including nuclear, wind, solar, biodiesel, and oil and gas.

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by: Dave silva from: NC
August 28, 2012 7:37 PM
More oil will not fix it. We do not have enough oil underground to offset OPEC all the Canadian oil and offshore will still be owned by global oil ocompanies and I turned into $4/gallon gasoline. We need to use CNG and methanol that we can sell to ourselves cheaper


by: Godwin from: Nigeria
August 24, 2012 1:47 PM
"Making the country less reliant on unfriendly countries for energy supplies" is a step in the right direction, but how does it stop USA''s meddlesome subventions to those enemy economies? The more you try to minimize troubles in the home front, the greater the enemy countries make new ones for you. The newest approach is to declare an intention to build a nuclear plant and the rest is history - USA will swing into negotiation to stop it, thereby involving itself in further expenditures abroad, all for fear that terrorists will get hold of it. What if they do? Why is USA afraid even of its own shadows. First let a true Godly American come to rule the country - a true and brave man who can look Americans in the face and tell them their mistake - which is alienating God from the White House.

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