Romney campaign rolls out energy policy
http://firstread.nbcnews.com/_news/2012/08/23/13423039-romney-campaign-rolls-out-energy-policy?lite
With just one week until Mitt Romney takes the stage at the GOP
convention in Tampa, his campaign rolled out the candidate's energy
policy -- one that they hope illustrates stark differences with
President Obama, and which excites middle class voters looking for an
economic boost.
The Romney policy, spelled out in a white paper and on a conference
call with reporters on Wednesday, focuses on developing domestic
fossil fuels like oil, gas and coal - in large part by shifting
federal responsibilities to the states, and by expanding exploration
and production nationwide. Romney will outline the policy in oil-rich
New Mexico on Thursday.
Romney's plan would make states the custodian of energy production on
federal lands within their borders and allow them to implement their
own federally-approved leasing practices. Such a move would
effectively shift responsibility for permitting, leasing and
environmental regulation to states, with the hope of speeding energy
development by cutting red tape.
Romney's plan calls for reaching North American energy independence by
2020, primarily through expansion of traditional fossil fuels. The
United States is currently the world's third largest oil producer,
which Romney would hope to expand. The U.S. also currently imports
more than half its oil from countries in the Western Hemisphere, with
Canada making up a 29-percent share. Those imports could be increased
through greater cooperation and by the immediate approval of the
Keystone XL pipeline, and similar projects.