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Energy Scorecard: Romney vs. Obama

By Larry Bell -- October 8, 2012

Elections have consequences, and the upcoming one promises to have dramatic impacts for our energy-driven economic future.

Consider what each major contender has said regarding these key issues, with the incumbent promoting an “all of the above, but not too much fossil fuel” policy, and the major challenger promoting more of an “all of the best” energy policy.

Oil and Gas

The energy industry begins from the ground. The two candidates’ drilling policies are markedly different.

Obama: Last May, President Obama seemed to be expressing a drilling epiphany when he said: “we should increase safe and responsible oil production here at home.” There was his oil moment in Cushing, Oklahoma. Yet nearly two-thirds of federal lands are currently off-limits to drilling and mining, and leasing has slowed in recent years.

Oil production has been declining on federal lands, while booming on private and state lands.