Mitt Romney -- Paul Ryan
Republican energy policy
From the 2012 Republican Platform pages 15-17
"America's Natural Resources: Energy, Agriculture and the Environment"
"We are the party of sustainable jobs and economic growth through American energy, agriculture, and environmental policy. We are also the party of America's growers and producers, farmers, ranchers, foresters, miners, and all those who bring from the earth the minerals and energy that are the lifeblood of our nation's historically strong economy. We are as well the party of traditional conservation: the wise development of resources that keeps in mind both the sacrifices of past generations to secure that bounty and our responsibility to preserve it for future generations.
Domestic Energy Independence:
An "All of the Above" Energy Policy The Republican Party is committed to domestic energy independence. The United States and its neighbors to the North and South have been blessed with abundant energy resources, tapped and untapped, traditional and alternative, that are among the largest and most valuable on earth. Advancing technology has given us a more accurate understanding of the nation's enormous reserves that are ours for the development. The role of public officials must be to encourage responsible development across the board. Unlike the current Administration, we will not pick winners and losers in the energy marketplace. Instead, we will let the free market and the public's preferences determine the industry outcomes. In assessing the various sources of potential energy, Republicans advocate an all of the above diversified approach, taking advantage of all our American God given resources. That is the best way to advance North American energy independence. Our policies aim at energy security to ensure an affordable, stable, and reliable energy supply for all parts of the country and all sectors of the economy. Energy security is intimately linked to national security both in terms of our current dependence upon foreign supplies and because some of the hundreds of billions of dollars we pay for foreign oil ends up in the hands of terrorist groups that wish to harm us. A growing, prosperous economy and our standard of living and quality of life, moreover, depend on affordable and abundant domestic energy supplies. A strong and stable energy sector is a job generator and a catalyst of economic growth, not only in the labor intensive energy industry but also in its secondary markets. The Republican Party will encourage and ensure diversified domestic sources of energy, from research and development, exploration, production, transportation, transmission, and consumption in a way that is economically viable and job producing, as well as environmentally sound. When our energy industry is revitalized, millions more Americans will find work in manufacturing, food production, metals, minerals, packaging, transportation and other fields because of the jobs that will be created in, and as a result of, the energy sector. We are determined to create jobs, spur economic growth, lower energy prices, and strengthen our energy industry.
Our Nation's Energy Abundance
Coal is a low cost and abundant energy source with hundreds of years of supply. We look toward the private sector's development of new, state of the art coal fired plants that will be low cost, environmentally responsible, and efficient. We also encourage research and development of advanced technologies in this sector, including coal to liquid, coal gasification, and related technologies for enhanced oil recovery. The current Administration with a President who publicly threatened to bankrupt anyone who builds a coal powered plant seems determined to shut down coal production in the United States, even though there is no cost effective substitute for it or for the hundreds of thousands of jobs that go with it as the nation's largest source of electricity generation.
We will end the EPA's war on coal and encourage the increased safe development in all regions of the nation's coal resources, the jobs it produces, and the affordable, reliable energy that it provides for America. Further, we oppose any and all cap and trade legislation. All estimates of America's oil and natural gas reserves indicate an incredible bounty for the use of many generations to come. At a time when unemployment has been above 8 percent for 42 consecutive months, the longest stretch since the Great Depression, and some 23 million Americans are either unemployed, underemployed, or have given up on finding work, we should be pursuing our oil and gas resources both on and offshore. It is nonsensical to spurn real job creation by putting almost all of our coastal waters off limits to energy exploration, while urging other nations to explore their coasts. We call for a reasoned approach to all offshore energy development on the East Coast and other appropriate waters, and support the right of States to a reasonable share of the resulting revenue and royalties. We support opening the Outer Continental Shelf (OCS) for energy exploration and development and ending the current Administration's moratorium on permitting; opening the coastal plain of the Arctic National Wildlife Refuge (ANWR) for exploration and production of oil and natural gas; and allowing for more oil and natural gas exploration on federally owned and controlled land. We support this development in accordance with applicable environmental, health and safety laws, and regulations.
The current President personally blocked one of the most important energy and jobs projects in years. The Keystone XL Pipeline which would have brought much needed Canadian and American oil to U.S. refineries would create thousands of jobs. The current President's job killing combination of extremism and ineptitude threatens to create a permanent energy shortage. We are committed to approving the Keystone XL Pipeline and to streamlining permitting for the development of other oil and natural gas pipelines.
Nuclear energy, now generating about 20 percent of our electricity through 104 power plants, must be expanded. No new nuclear generating plants have been licensed and constructed for thirty years. We call for timely processing of new reactor applications currently pending at the Nuclear Regulatory Commission. The federal government's failure to address the storage and disposal of spent nuclear fuel has left huge bills for States and taxpayers. Our country needs a more proactive approach to managing spent nuclear fuel, including through developing advanced reprocessing technologies.
We encourage the costeffective development of renewable energy, but the taxpayers should not serve as venture capitalists for risky endeavors. It is important to create a pathway toward a market based approach for renewable energy sources and to aggressively develop alternative sources for electricity generation such as wind, hydro, solar, biomass, geothermal, and tidal energy. Partnerships between traditional energy industries and emerging renewable industries can be a central component in meeting the nation's long term needs. Alternative forms of energy are part of our action agenda to power the homes and workplaces of the nation.
Pulling the Plug on American Energy Independence: The Failure of the Current Administration
The current Administration has used taxpayer dollars to pick winners and losers in the energy sector while publicly threatening to bankrupt anyone who builds a new coal fired plant and has stopped the Keystone XL Pipeline. The current President has done nothing to disavow the scare campaign against hydraulic fracturing. Furthermore, he has wasted billions of taxpayers' dollars by subsidizing favored companies like Solyndra, which generated bankruptcies rather than kilowatts.
Since the current President took office in 2009, consumers pay approximately twice as much for gas at the pump. Our common theme is to promote development of all forms of energy, enable consumer choice to keep energy costs low, and ensure that America remains competitive in the global marketplace. We will respect the States' proven ability to regulate the use of hydraulic fracturing, continue development of oil and gas resources in places like the Bakken formation and Marcellus Shale, and review the environmental laws that often thwart new energy exploration and production. We salute the Republican Members of the House of Representatives for passing the Domestic Energy and Jobs Act, a vital piece of pro growth legislation now introduced by Republicans in the Senate."
Unlike the current Administration, we will not pick winners and losers in the energy marketplace. Instead, we will let the free market and the public's preferences determine the industry outcomes."
2012 Republican Platform
Barack Obama -- Joe Biden
Democratic energy policy
From the 2012 Democratic Platform pages 8-9
"All-of-the-Above Energy Policy."
"In the last four years, President Obama and the Democratic Party have taken concrete steps to make us more energy independent. We've supported nearly 225,000 clean energy jobs and Americans are importing less oil, breathing cleaner air, and saving money on energy costs. Historic investments in clean energy technologies have helped double the electricity we get from wind and solar. New emissions and fuel efficiency standards for American cars are reducing our oil use, saving consumers at the pump, and putting Americans back to work. Our dependence on foreign oil is now at a 16-year low, and a new era of cheap, abundant natural gas is helping to bring jobs and industry back to the United States.
We can move towards a sustainable energy-independent future if we harness all of America's great natural resources. That means an all-of-the-above approach to developing America's many energy resources, including wind, solar, biofuels, geothermal, hydropower, nuclear, oil, clean coal, and natural gas. President Obama has encouraged innovation to reach his goal of generating 80 percent of our electricity from clean energy sources by 2035. Democrats support making America the world's leader in building a clean energy economy by extending clean energy incentives that support American businesses and American jobs in communities across the country. It's not enough to invent clean energy technologies here; we want to make them here and sell them around the world. We can further cut our reliance on oil with increased energy efficiency in buildings, industry, and homes, and through the promotion of advanced vehicles, fuel economy standards, and the greater use of natural gas in transportation. Harnessing our natural gas resources needs to be done in a safe and responsible manner, which is why the Obama administration has proposed a number of safeguards to protect against water contamination and air pollution. We will continue to advocate for the use of this clean fossil fuel, while ensuring that public and environmental health and workers' safety are protected. We support more infrastructure investment to speed the transition to cleaner fuels in the transportation sector. And we are expediting the approval process to build out critical oil and gas lines essential to transporting our energy for consumers. Building a clean energy future means that new exploration and production needs to be approached safely and responsibly. Democrats are committed to balancing environmental protection with development, and that means preserving sensitive public lands from exploration, like the Arctic National Wildlife Refuge, Pacific West Coast, Gulf of Maine, and other irreplaceable national landscapes.
We are saving consumers money on their energy bills - both at home and at the pump - but Republican energy policy is full of empty rhetoric and bad ideas that would make their Big Oil donors even richer at the expense of the middle class. Republicans would keep giving billions of taxpayer dollars a year to profitable oil companies and increase costs on consumers. Democrats will fight to cut tax subsidies for Big Oil while promoting job growth in the clean energy sector, so we can cut the deficit and increase jobs and growth in America."
2012 Democratic Platform