Romney calls Obama energy policies 'old and outdated'
May 9th, 2012
04:00 PM ET
2 years ago

Romney calls Obama energy policies 'old and outdated'

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"I happen to think that the president's policies are shaped by a perspective that's old and outdated," Romney said before hundreds gathered outside on the Spindle Field Sussex formation, near Denver, which has produced nearly 50 million barrels of oil to date.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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Filed under: 2012 • Energy • Mitt Romney
soundoff (54 Responses)
  1. mcskadittle

    no drill baby drill is what is outdated

    May 9, 2012 04:34 pm at 4:34 pm |
  2. Ronda in Houston,TX

    Mr. Romney, what are your policies. All he does is point fingers. He should be called the NO SOLUTION MAN!

    May 9, 2012 04:34 pm at 4:34 pm |
  3. Prosperid

    @ Michael

    Romney 2012! He will get our gas prices low, the unemployment rate down, and get the economy to boom
    --------------------------------------------

    So, what are his POLICIES to acheive this? You GOPers don't have a clue.

    May 9, 2012 04:34 pm at 4:34 pm |
  4. Tyrone

    Not gonna eat Barrack Obamas dog meat huh??? I think its time you got in the ring for a debate. Mitt the Yahoo VS The Prez...

    May 9, 2012 04:34 pm at 4:34 pm |
  5. mcskadittle

    Michael: look around you gas prices are falling

    May 9, 2012 04:35 pm at 4:35 pm |
  6. cali girl

    This from the guy who gets his pockets lined from Wall Street and his offshore accounts.
    Green energy is coming because of Obama's push for clean coal, natural gas and solar.

    May 9, 2012 04:35 pm at 4:35 pm |
  7. Brian, San Diego

    Romney: More oil, more oil, drill baby, drill. Oh, and by the way, my opponent's energy policies are outdated.

    May 9, 2012 04:36 pm at 4:36 pm |
  8. Tyrone

    Willard, you cant hide behind the majic underwear forever. Time to come out the Closet & let the American People know waht you satnd fo instead of continuasly EVERYTHING SUCKS & EVERYTHING BLOWS... What are you afraid off???/ Commander in Chief YOU God help us!!!!!!!!!

    May 9, 2012 04:37 pm at 4:37 pm |
  9. The REAL Truth...

    No wonder folks like Michael vote Repug – they believe that the POTUS has control over gas prices. Even Fox has shown that not to be the case when gas hit $4 in July 08 under Dubya.
    Given that – where are Mittens policies. This is typical GOBP approach . Tear down and fear-monger the other sides viewpoint, yet offer nothing productive or workable in it's place. So infantile.

    May 9, 2012 04:39 pm at 4:39 pm |
  10. Namejkane fl live from teapublican moon base no taxes, no regulation no health care, free gas.

    Dips policy is give the oil companies 40 billion in tax write offs that they don't need . And continue to rape the USA to make a buck or a billion. Vote these losers out of every office and give romney the fool hid fourth defeat for public office , thanks teaparty bafoons!!!

    May 9, 2012 04:40 pm at 4:40 pm |
  11. Ryan

    And once again Romney. What are your plans?!?!?

    May 9, 2012 04:43 pm at 4:43 pm |
  12. B.

    It helps to say that if you are -Owned body and soul by the Energy Companies like Romney is and everyone knows that.

    May 9, 2012 04:46 pm at 4:46 pm |
  13. Obama 2012 - BEND Forward America, take another 4 long years of FAILURE

    What do you mean outdated??? Windmills, Chinese solar panels and algae baby. State of the art!! Don't you see all the cars around you using these? You gotta get with the algae man or be left behind.

    JMOL, Just More Obama Lunacy.

    May 9, 2012 04:49 pm at 4:49 pm |
  14. The Real Tom Paine

    Outdated? Relying on a mineral slime to run your economy is outdated. Who do you think is going to pay for the increased cost of extracting oil? We are.

    May 9, 2012 04:51 pm at 4:51 pm |
  15. Nelson Colorado Springs Co.

    Question WHAT HAS THIS ONE TIME GOVEROR ROMNEY DONE IN THE LAST SIX YEARS?????? IF HE SUCH A GOOD GOVENOR WHY HE SEVER ONE ONE TERM BEFORE HAS FIRED OR THE PEOPLE ELECTED A NEW GOVEROR

    May 9, 2012 04:51 pm at 4:51 pm |
  16. Are you kidding me?

    He clearly does not have a clue? Romney is an epic failure.

    May 9, 2012 04:52 pm at 4:52 pm |
  17. The REAL Truth...

    There is PLENTY of energy available in the US. Unfortunately for Joe Public, it's mostly controlled by Big Oil. Hypothetically, If I were the CEO of one of the big 5, how long would I last If I went to the AGM (Annual General Meeting) and explained to shareholders that the 95% reduction in dividends (and profits) was due to the decrease in the price of WTI crude from $106 a barrel down to $10. That decrease occurred because we felt is was more important to have cheap gas for our GREAT nation in this time of need. So we opened all producer wells we shut-in over the last 10 yrs and started drilling on some of the BILLION acres of Federal lands we have leased, and let the oil flow. Seemed to be better for the US than lining the pockets of our stockholders/investors with the $100 BILLION in profit that our industry made last year.

    Maybe 30 secs after I finished talking ??

    May 9, 2012 04:52 pm at 4:52 pm |
  18. Are you kidding me?

    He probably got his information from the Kochs.

    May 9, 2012 04:53 pm at 4:53 pm |
  19. Toni

    the phone rings...... Mitt its Face the Nation.... NO the phone rings again...... Mitt its Robin Roberts...... NO The phone rings again Mitt Its Meet the Press...... NO Ring ring once more......... Mitt its Let not your heart be troubled...... YES GIMMIE A HUG & A KISS SHAUN>>>> heres my list of DONT GO THERES Ok mitt We love you,, Love you too.........

    May 9, 2012 04:54 pm at 4:54 pm |
  20. Governor 47th in Job Growth

    LOL at GOPers pointing fingers at the President for gas prices. They want free enterprise and get govt out of the way because corporations, being the good people that they are, will always do the most ethical thing - no need to worry about prices nor pollution. Presidents should never interfere with free enterprise even if that means the subsidized big oil corps gouge you at the pump.

    May 9, 2012 04:56 pm at 4:56 pm |
  21. Sniffit

    "old and outdated"

    You mean like subsidizing Big Oil to the tune of $4B+ per year despite them reporting record profits during a massive global recession? Or maybe you mean like believing that Russia is our biggest global foe for world dominance?

    May 9, 2012 04:56 pm at 4:56 pm |
  22. once upon a horse

    I watched one day as a few right wingers on Fox and other talk shows, you know the ones that call themselves the real patriotic Americans, laugh and put down the Chevy VOLT which is a totally American made car.....so much for the support of something made in America, right? Well at that time the car was having some issues, but now it is a total sucess so much to the point Chevy has them on back order. A great American made product that supports the president's engery policies and those right wingers no longer discuss the Chevy Volt. So perhaps Willard Mitt can look into this and take full credit for it. It can be another flip/flop to add to his resume'

    May 9, 2012 05:05 pm at 5:05 pm |
  23. Flipper Rmoney Failure Ahead

    It's pretty pathetic when Rmoney, the anointed candidate of the GOBP elites, belongs to the party/cult that is practically a wholly owned subsidiary of "old" energy. Nothing says "old and outdated" quite like "drill, baby, drill."

    May 9, 2012 05:06 pm at 5:06 pm |
  24. Toni

    Let me get this straight, The Prez does Imterviews with Hannity & O riely but Wuss Mittster wont take intervies with CBS, NBC, ABC or TNT???? HUH??

    May 9, 2012 05:07 pm at 5:07 pm |
  25. Marie MD

    And your ideas are? Right, because solar energy and wind energy are so passe.
    You are truly a stupid stupid mutant aren't you?

    May 9, 2012 05:23 pm at 5:23 pm |
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