Romney Energy Policy Full of Empty Rhetoric and Bad Ideas for the Middle Class
- Mitt Romney spoke last week at the Petroleum Club in Shreveport, Louisiana. He spoke to a roomful of Big Oil executives who have given money to his campaign and who would benefit from the pro-oil policies Romney supports as a presidential candidate. Romney’s energy policy is full of empty rhetoric and bad ideas that would make his Big Oil donors even richer at the expense of the middle class.
Please see this new infographic on Romney’s alliance with Big Oil.
- In this election alone, Romney has raised more than $750,000 from oil and gas special interests. Romney is pandering to his Big Oil donors and telling them exactly what they want to hear.
Romney opposes President Obama’s all-of-the-above energy strategy to help decrease our dependence on foreign oil.
Today the U.S. Senate is voting on repealing $4 billion in taxpayer subsidies to oil and gas companies that are posting record profits. Romney would keep those subsidies in place.
- While President Obama is helping families save money at the pump, Mitt Romney is advocating for the policies that will keep gas prices high. Romney criticized the fuel-economy standards that are helping families save at the pump. He also wants to repeal Wall Street reforms that will prevent corporations from manipulating the energy market to profit off of high prices at the pump.
- Romney’s also trying to Etch-A-Sketch away his time as governor of Massachusetts, when he said he was “very much in favor of people recognizing that these high gasoline prices are probably here to stay.” Romney also increased a tax on gas by 400 percent, impacting every motorist in the state.
Romney’s rhetoric on energy is dishonest and misleading. He claims President Obama is “on a mission to drive up the price of gasoline and all energy,” but here’s the truth:
Under President Obama, domestic oil and natural gas production have gone up every year. Last year, oil production reached an 8-year high, natural gas production reached an all-time high, and both are expected to rise.
Drilling alone won’t make gas prices go down. That’s why the President has pursued an all-of-the-above energy strategy that’s decreasing our dependence on foreign oil so we’re less vulnerable to price spikes on the international oil market.
Our dependence on foreign oil is at a 16-year low, and President Obama’s historic new fuel economy standards will save consumers about $8,000 at the pump during the life of their vehicle.