An affordable, reliable energy supply is fundamental to a prosperous and growing economy. With the right policies in place, America can become an energy superpower – and we can end our expensive and dangerous dependence on OPEC. Until recently, this would have been unthinkable. But as is so often the case, the hard work and innovation of American workers and businesses have yielded astonishing results. While the government was throwing hundreds of millions of taxpayer dollars away at Solyndra, new technologies developed in the private sector have unleashed an energy revolution in this country.
A successful national energy strategy will have a fundamental influence on the well-being of the nation. Dramatically increasing domestic energy production can bolster the competitiveness of virtually every industry in the country, creating millions of new jobs from coast to coast. With fewer energy imports and more exports of manufactured goods, America’s trade deficit will decline and the dollar will strengthen. The benefits even extend beyond immediate economic growth. The lease payments, royalties, and taxes paid to the American people in return for the development of our resources will yield more than a trillion of dollars in new government revenue over time. And all Americans can rest assured that the nation’s security is no longer beholden to unstable but oil-rich regions half way around the world…
Mitt Romney will make America an energy superpower, rapidly and responsibly increasing our own production and partnering with our allies Canada and Mexico to achieve energy independence on this continent by 2020. This will require genuine support for increased energy production, a more rational approach to regulation, and a government that facilitates private-sector-led development of new energy technologies by focusing on funding research and removing barriers, rather than chasing fads and picking winners and losers.
- Empower states to control onshore energy development
- Open offshore areas for energy development
- Pursue a North American Energy Partnership
- Ensure accurate assessment of energy resources
- Restore transparency and fairness to permitting and regulation
- Facilitate private-sector-led development of new energy technologies
States will be empowered to control all forms of energy production on all lands within their borders, excluding only those that are specifically designated off-limits. Federal agencies will certify, but the states will lead.
Mitt will establish the most robust five-year offshore lease plan in history, that opens new areas for resource development – including off the coasts of Virginia and the Carolinas – and sets minimum production targets to increase accountability.
Mitt will approve the Keystone XL pipeline, establish a new regional agreement to facilitate cross-border energy investment, promote and expand regulatory cooperation with Canada and Mexico and institute fast-track regulatory approval processes for cross-border pipelines and other infrastructure.
Instead of relying on decades-old surveys developed with decades-old technologies, Mitt’s plan facilitates new energy assessments to determine the true extent of our resource endowment.
Mitt will pursue measured reforms of our environmental laws and regulations to strengthen environmental protection without destroying jobs or paralyzing industries. Mitt’s plan will also streamline the gauntlet of reviews, processes, administrative procedures, and lawsuits that mire so many new projects in red tape.
Mitt will promote innovation by focusing the federal government on the job it does best – research and development – and will eliminate any barriers that might prevent new energy technologies from succeeding on their own merits. Strengthening and streamlining regulations and permitting processes will benefit the development of both traditional and alternative energy sources, and encourage the use of a diverse range of fuels including natural gas in transportation.
MITT’S PLAN HAS WIDE-RANGING BENEFITS FOR AMERICA.
- More than three million new jobs, including over one million in manufacturing;
- An economic resurgence adding more than $500 billion to GDP;
- A stronger dollar and a reduced trade deficit;
- More than $1 trillion in revenue for federal, state, and local governments;
- Lower energy prices for job creators and middle-class families; and
- National security strengthened by freedom from dependence on foreign energy supplies.
BLOGGER’S NOTE: I heave heard many people say, “Well, Obama has been bad for the USA, but what will Mitt do?” Try as I might, over the last few weeks, I haven’t read much about MITT’s plans. Lots about why Obama is a failure and needs to be replaced, but little about MITT. I assume much of that is due to the MSM bias and lack of coverage for Romney/Ryan on the campaign trail. With this in mind, I have taken it upon myself to inform myself AND any of my readers as care to learn what Mitt is all about. The obvious place to start is on his website. Explore!