ROMNEY LIED: "As a matter of fact, oil production is down 14 percent this year on federal land, and gas production was down 9 percent. Why? Because the president cut in half the number of licenses and permits for drilling on federal lands and in federal waters."
OBAMA: "Very little of what Governor Romney just said is true. We've
opened up public lands. We're actually drilling more on public lands
than in the previous administration and my—the previous president was an
THE FACTS: Both statements ring true, as far as they go. Obama more correctly describes the bigger picture.
According to an Energy Department study published in the spring, sales
of oil from federal areas fell 14 percent between 2010 and 2011 and
sales of natural gas production fell 9 percent, supporting dishonest
Romney's point. The lower oil production was a result mainly of a
moratorium on offshore drilling after the April 2010 BP oil spill in the
Gulf of Mexico, the worst offshore oil spill in U.S. history.
According to the same report, though, oil
production from federal areas is up 13 percent since Obama took office
despite last year's dip, and analysts say Gulf oil production is
expected to soon exceed its pre-spill levels.
Natural gas production
from federal areas has been declining for years because drillers have
found vast reserves of natural gas in formations under several states
that are cheaper to access than most federally controlled areas.
Romney Continued His Energy Lies!
ROMNEY LIED: "The proof
of whether a strategy is working or not is what the price is that you're
paying at the pump. If you're paying less than you paid a year or two
ago, why, then, the strategy is working. But you're paying more. 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. The price of
electricity is up. If the president's energy policies are working,
you're going to see the cost of energy come down."
Presidents have almost no effect on energy prices; most are set on
financial exchanges around the world. When Obama took office, the world
was in the grip of a financial crisis and crude prices—and gasoline
prices along with them—had plummeted because world demand had collapsed.
Crude oil prices have since risen even as U.S. oil production has
soared in recent years because global demand is reaching new heights as
the developing economies of Asia use more oil.
prices have fallen during Obama's term. Electricity prices, when
adjusted for inflation, are down, and homeowners are finding it much
cheaper to heat their homes with natural gas. That's because natural gas
production has surged, reducing prices both for homeowners and for
utilities that burn gas to generate electricity.
Romney lies about everything.
One big lie Romney tells is, "Government can't create jobs." yet as president he says he will create jobs.