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Energy & the election: Where the candidates stand

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    John Roberts reports from Atlanta, Georgia

  • Duration 3:40
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Let's produced more oil and gas.

All supporters -- biofuels.

-- produce more fuel efficient -- All of the above the president's energy mantra developing new sources he believes is the key to America's energy security.

A policy that wins big points from the environmental lobby.

We need to keep our eye on the prize and big energy picture a diversified -- -- various energy sources -- just not going to be able to power.

A 21 century economy.

With twentieth century energy system Mitt Romney on the other and wants to exploit existing resources the US is not yet tapped but I would beautify our president has take advantage of the energy resources we have -- that we can find.

I -- -- wetlands restoration.

The industry loves it.

There's a vast amount of oil on federal lands that we could develop over a hundred billion barrels.

If we were to produce that amount of oil over thirty years it would be ten million barrels a day or what we import of oil.

And we do need -- -- -- and here's how the candidates plans compare and ideology.

Barack Obama's has driven primarily by environmental concerns alternative energies and government mandated fuel efficiency standards.

Mitt Romney would streamline regulation.

Bringing private industry to quickly seek out new sources of conventional energy.

And develop viable alternatives without government mandates or taxpayer investments and enterprises like Solyndra and the Chevy Volt.

Because we don't know what technologies will survive.

The key thing is the federal government should be spending money on basic -- are not commercial development while the president is looking beyond fossil fuels his supporters insist.

Barack Obama has not -- domestic oil production he's got domestic production and an eight year highs -- American energy independence and senior high he's right about the fact that we're producing more in the United States.

He's wrong about the reason for the reason for the increase according to the nonpartisan congressional research service is drilling on private and state plant's production on -- -- actually decreased from 2010 to 2011.

The argument goes that outside of releasing oil from the strategic petroleum reserve there is very little a president could do to affect the price of gasoline in the short term.

But the industry points out even the promise of more supply.

Can put downward pressure on prices that's what happened in July 2008.

When President Bush and congress green -- new exploration off the US East Coast.

Record high oil prices dropped nine dollars a barrel overnight.

But in the wake of the BP oil spill under pressure from environmental groups President Obama put the plan on hold until what seventy.

We certainly don't think that the outer continental shelf -- Atlantic Ocean ought to be exposed to the same kind of environmental degradation was on the Gulf of Mexico two years ago Mitt Romney would reverse all of that opening up the Atlantic and Pacific -- it's more of the Gulf of Mexico even the Arctic National Wildlife Refuge to drilling.

If we're able to open up these areas are off limits.

We could become energy self sufficient from a North American base and as -- -- Canadian oil and the Keystone Pipeline.

I will build that pipeline if I have to myself.

Romney's policies foresee -- rebounding economy fueled by low cost energy.

President Obama -- build a new look on your round green jobs -- alternative energies insisting.

The US doesn't take the lead its global competitors surely will.

China's investing in these alternatives they're investing in efficiency not because some -- -- the environment.

They're doing it because they believe these are going to be the jobs of the future they believe there's gonna be real social mobility and profit behind it.

Two visions for America's energy future to distinctly different ways to get there.

In Atlanta John Roberts Fox News.