Last night Obama insisted that oil production has been up and that the oil companies have been granted permits to drill but refuse to do so. Governor Romney pointed out that the government is not granting many permits to oil companies, particularly on federal land.
Romney said: “Oil production is down 14 percent this year on federal land, and gas production was down 9 percent. Why? Because the president cut in half the number of licenses and permits for drilling on federal lands, and in federal waters.”
Obama’s Interior Department has banned drilling on 11.5 million acres of petroleum reserve.
The granting of oil drilling permits under Obama is down 36 percent compared to the Bush administration and Clinton administrations.