Fort Lupton, Colorado (CNN) – Standing atop oil-rich land and before an active well, Mitt Romney criticized President Barack Obama's policies on oil and gas energy in a Wednesday speech.
"I happen to think that the president's policies are shaped by a perspective that's old and outdated," Romney said before hundreds gathered outside on the Spindle Field Sussex formation, near Denver, which has produced nearly 50 million barrels of oil to date.
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The presumptive Republican presidential nominee reiterated his new line against the Democratic incumbent.
"You see, liberals in the past thought we didn't have that much energy in this country and therefore we would have to go begging around the world to the people that have it," he said. "The president keeps saying oh, we only have 2% of the world's oil reserves. We have massively more energy than that in oil, coal and gas. This is a recognition that finally has to come to the White House, because it's coming to the people across this country."
Obama's reelection team came to the president's defense, releasing the following statement ahead of Romney's remarks.
"Since taking office, President Obama has aggressively pursued an all-of-the-above energy strategy that has helped increase our domestic oil production to an 8-year high and reduce our dependence on foreign oil to a 16-year low," said Obama campaign spokesperson Lis Smith.
Romney, a businessman and former governor of Massachusetts, joked that while the president tries to take credit for increased oil production, "I'd like to take credit for the fact that when I was governor the Red Sox won the World Series, but neither one of those would be the case."
"It was not the President's policies that led to oil production being up. This is private land and private leases. As a matter of fact the president has announced that he will cancel 75 percent of planned leasing on western lands for energy development. Seventy five percent! That is not helping produce more oil and gas," Romney said.
In the audience included a number of employees from K.P. Kaufman Company, Inc., the supplier of the horizontal well behind Romney that pumps both oil and natural gas from nearly a mile below. Founder and Chairman Kevin Kaufman said "with new technology and horizontal re-drilling of the field, we hope to recover millions of barrels of oil and natural gas previously left behind and thought to be unrecoverable."
With the snow-capped Rocky Mountains in the distance Romney harkened back to the speech candidate Obama delivered during the 2008 Democratic National Convention in Denver.
"He was not surrounded by those mountains he was instead surrounded by Greek columns. I don't think he'll be surrounding himself by Greek columns next time he speaks at a convention because he won't want to remind people of Greece and the trouble they're in, and the fact that they borrowed too much money," Romney said.
The Obama campaign also pointed to reports that the GOP candidate was traveling to Oklahoma to attend a fundraiser at the home of oil billionaire Harold Hamm, who Romney tapped as an energy adviser in early March.
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you are old and outdate, LIAR, Loser,
Looking for new ways to create energy is old and outdated, but depending solely on oil is fresh?
The more Mittens talk, the less I like him....
Willard the unabashed liar said:
"I'd like to take credit for the fact that when I was governor the Red Sox won the World Series, but neither one of those would be the case." Why would that stop him, he's taking credit for letting Detroit go bankrupt and recovering. He's taking credit for the sun rising in the east, and for gravity, and for healthcare - especially those mandates!!!
Yes!! We need to keep corporate welfare for big oil. In return, they will keep us hamstrung on dirty fossil fuels that are not eco-friendly nor sustainable. Boo to green energy, we must remain beholden to our Saudi overlords.
Old and outdated could be used to describe Willard himself. It definitely needs to be used to decribe his economic trickle down philosophy that has proven to be a failure.
Old and outdated describes Willard's social views about women, GLBT community, minorities, and immigrants from south of the border. Willard deprived poor little Ann of her dignity of working outside the home. Shame on Willard.
For sake of arguement let"s say the President"s policies are "old and outdated". Well Mitt, what are your "new and up to date" policies?
Well, you know the republican bafoons. Would rape the USA to make a buck for the oil companies and Mr you want a sespool in your backyard vote for the biggest losers on the planet , guess who??? The republicans who voted againest cuting 40 billion in tax lupeholes for the oil companies that don't need any, that's romney s jobs program .you need to be stupid or brain dead to vote for these clowns , oh yea, he saved the auto industrial too .
Let me get this straight. Obama has an outdated energy policy when he is pushing an "all of the above" strategy that includes carbon based (oil, nat gas, coal) as well as new green energy. while you, on the other hand, support not only carbon based fule (over 100 year old technology). And these "regulations" that you and other Republicans scream about are attempts to force energy companies to internalize their negative externalities? you know, make them take ALL their costs into account (extraction, refinement AND waste disposal) and not dump a portion of their costs onto the public dole. i thought you were a business man with an MBA from Harvard, you should have taken at least a couple economics courses where externalities were discussed. maybe that's how you made money at Bain Capital... not taking all your costs into consideration, allowing for the appearance that profits were now higher and thus you worthy of millions in bonuses.
I was visiting SLC this weekend and this months Salt Lake city Magazine cover reads, "The Myth of Mitt" He did NOT save the Olympics! Read it and learn! In his HOME town!
this is coming from the man who has no energy policies other than bombing iran and taking their oil. yeah anyone who picks him over ron paul is either rich, uninformed, or stupid
OK Mitt Romney, tell us what your policies are, haven't heard not one, new or old.
P.S. But I do want to be fair, Mitt's new policy is HIS DOG DOESN'T RIDE ON THE TOP OF HIS CAR.
And his policies are..........................................................?
What are your policies?
For a supposedly smart businessman, Willard shows shockingly little knowledge of how global energy has become.
The only energy he acknowledes are oil coal and gas - talk about old and outdated. Willard = epic fail.
The Bain of our existence.
what happened Mitt..you couldn't find an Obama policy that you could claim as your own? Well I bet if you find one very popular with the American people you could spin this line like you normally do.
Drilling for oil is "new" and looking for oil alternatives like gas, solar and wind while oil prices are over $100 is "old"?!?
Now I think the Republican party lives in an alternative universe where words have opposite meanings.
Here is an idea. Equip all buildings with solar it wind so that they get some power from it. In fact make it so that you can only get a tax credit from doing it with only American made parts. There I have just provided a plan for fossil reductions and new American jobs.
I guess Romney hasn't realized the price of gas is dropping. I guess he will tell his oil billionaire friends to hike the prices again, screw up the economy so he can blame it on President Obama.
Yea Mittster wanting to supply the WORLD with Natural Gas is just Plain dumb. GET A CLUE PINIOCCHIO ROMNEY.. You are BOUGHT & PAID FOR BY EXXON MOBILE!!!!!!!!!
Romney 2012! He will get our gas prices low, the unemployment rate down, and get the economy to boom.
The Prez vision for Natural Gas & creating MILLIONS of jobs is new school you stupid stupid man. Being in Bed with Big Oil doesnt go over well with the Middle Class.
Yawn. Deputy Doublethink: "I've got no policies of my own to speak of, so I'll just blabber about everyone else's from the comfort of my golden toilet.....UUUUUUUUUUUUNGGGGGHHHH *splash*....aaaah, that's better...always nice to rid yourself of some principles."
I lowered taxesfor Citizens in Mass. Mitt the real truth is that you TRIPLED fees across the board. Those people in Mass see right thru you.
Talking about old and out dated......look into the mirror. You have no fresh ideas..................only when it come to line your pockets. The more I hear the more I don't like. FAKE if anyone believes a work he say....look out........
And once again RoMoney proves he's an idiot living in the 60s…………or earlier.
That whole thing with Technical Comunity Colleges to train young people for high tech jobs is outdated to huh Pinocchio????/ Get a clue America Its the Middle class Vs the RICH, RICHER & RICHIE RICH ROMNEY!!!!!!!!!!