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Romney releases plan, says US energy independence is achievable

By Matthew Daly

Associated Press

Published: Thursday, Aug. 23 2012 12:10 p.m. MDT

Republican presidential candidate, former Massachusetts Gov. Mitt Romney speaks during a campaign event at Watson Truck and Supply, Thursday, Aug. 23, 2012, in Hobbs, N.M.

Evan Vucci, Associated Press

HOBBS, N.M. — Seeking to reset his economic message, Republican Mitt Romney pledged Thursday to create 3 million jobs and more than $1 trillion in revenue by ramping up offshore oil drilling and giving states more control over energy production on federal land.

Romney, reviving a long-elusive goal pushed by presidents and presidential candidates for decades, said his plans would make the U.S., along with Canada and Mexico, energy independent by 2020.

"This is not some pie in the sky kind of thing," Romney told voters in Hobbs, the heart of New Mexico's oil and gas industry. "This is a real achievable objective."

The cornerstone of Romney's plan is opening up more areas for offshore oil drilling, including in the mid-Atlantic, where it is currently banned. He also wants to give states the power to establish all forms of energy production on federal lands, a significant shift in current policy that could face strong opposition in Congress.

His proposals make little mention of renewable sources of energy, like wind and solar, backed by President Barack Obama. Romney has deep ties to big oil and raised more than $7 million from industry executives during a campaign fundraiser in Texas earlier this week.

The presumptive Republican nominee's attempts to refocus on his plans for job creation follows a week dominated by comments made by Missouri Republican Rep. Todd Akin, a Senate candidate who said a woman's body is able to avoid pregnancy during what he called a "legitimate rape."

Romney called for Akin to drop out of the Senate race, but the congressman so far has refused.

Obama's campaign also began a new push on the economy Thursday with a television advertisement featuring former President Bill Clinton. In the ad, Clinton speaks directly to the camera and says voters face a "clear choice" over which candidate will return the nation to full employment.

"We need to keep going with his plan," Clinton says of Obama in the ad, which will run in eight battleground states.

The former president also draws a connection between Obama's policies for strengthening the middle class and the nation's economic prosperity during his time in office, when the U.S. economy was thriving. Obama's campaign has been seeking to use Clinton as a reminder to voters that the economy was strong the last time a Democrat held the White House.

Romney said his energy proposals would result in more than $1 trillion in revenue for federal, state and local governments, plus millions of jobs.

His calls for increased drilling include opening up coastline in the Mid-Atlantic where drilling is currently banned. His proposals for giving states the power to establish all forms of energy production on federal lands would also be a significant shift in current policy that could face strong opposition in Congress.

In a supporting document, Romney says it now takes up to 307 days to receive permits to drill a well on federal land. By contrast, states such as North Dakota issue permits within 10 days and Colorado within 27 days, Romney said.

"States are far better able to develop, adopt and enforce regulations based on their unique resources, geology and local concerns," the statement said.

In an effort to appease environmentalists, Romney says he would prevent energy production on federal lands designated as off-limits.

Romney's plan focuses heavily on boosting domestic oil production, including approving the Keystone XL pipeline that would run from Canada to U.S. refineries in Texas.

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