Mitt Romney’s Other Running Mate: The Fossil Fuel Industry

Last month, Mitt Romney held a $50,000 a plate lunch with major donors in Houston. What does a $50,000 lunch buy you besides steak and shrimp? Well, according to a new report from the New York Times, it’ll buy you the presidential contender’s ear. And a lot of folks from the energy industry are eager for that opportunity.

Romney netted $6 million during a lunch with oil tycoons in Houston last month, the Houston Chronicle reports. Photo: ##http://www.chron.com/news/houston-texas/article/Romney-says-he-will-introduce-energy-plan-next-3804532.php## Houston Chronicle##

During the event, “Mr. Romney solicited advice on energy policy from scores of oil and gas executives,” according to the paper. Romney shared the spotlight with billionaire Oklahoma City oil driller Harold Hamm, who is advising the presidential campaign on energy issues, according to the Houston Chronicle. Romney committed to “opening up [fossil fuel] markets in a much more aggressive way,” if elected.

According to the New York Times special investigation, the fossil fuel industry is having an outsized influence on this presidential campaign season.

More than $153 million has already been poured into ads criticizing President Obama’s energy policies and advocating for increased oil and gas drilling, mostly in swing states like Ohio, Virginia and Pennsylvania. That is four times the number of ads produced by entities promoting clean energy solutions.  The American Petroleum Institute alone has spent $37 million on television ads, according to the paper.

“These are companies and industries that clearly feel threatened,” Ken Goldstein, president of Kantar Media’s Campaign Media Analysis Group, told the New York Times. “And when companies and industries with resources feel threatened, they air advertisements.”

Meanwhile, the imbalance carries over to campaign contributions as well. NYT reports the Romney campaign has benefited from some $13 million in campaign cash from the fossil fuel industry, while Obama has received less than $950,000. Clean energy sources have donated just $78,000 to the Obama campaign, the paper reports.

ALSO ON STREETSBLOG

Romney Energy Plan: More Drilling, More Oil Dependence

|
Republican presidential candidate Mitt Romney unveiled his energy plan today [PDF]. The idea is to break our addiction to foreign oil — by increasing our addiction to domestic oil. If by “domestic” we mean Canada, Mexico, and the U.S. Essentially, the plan is to go bananas on oil drilling. States would have the right to […]

Would President Romney Build Roads or Rail?

|
All eyes are on Texas Gov. Rick Perry these days, the faraway frontrunner in the Republican race. But as the primary goes on (and on and on) more Republicans might take note of the fact that in a matchup with President Obama, only one candidate stands a chance of winning: former Massachusetts Gov. Mitt Romney. […]

Billionaire Oil Driller Serving as Romney Energy Advisor

|
When it comes to transportation and energy policy, it’s tough to tell exactly where Mitt Romney stands, but there’s a lot to be learned by watching whom he’s keeping close. Yesterday we covered how his VP choice, Paul Ryan, looks to be a policy disaster for sustainable transportation. Ryan indicated in his attention-grabbing but largely […]

John Boehner Makes Stuff Up About Gas Prices

|
Out of thin air, House Speaker John Boehner sent an email yesterday with the subject line, “Labor Day Pain: Gas Prices Have Doubled on President Obama’s Watch.” As evidence of the “doubling” charge, Boehner links to his own website, where he claims, “The average price for a gallon of gasoline was $1.85 when President Obama […]

The Big Deception in Mitt Romney’s Global Warming Brush-Off

|
Well, Republican presidential nominee Mitt Romney declined to get into details about his plans for the nation’s transportation system during his big speech in Tampa last night. Romney has been tight-lipped about actual policy recommendations throughout his campaign, although a platform released by the GOP this week was basically a worst case scenario for sustainable transportation and […]