Five things to know about Mitt Romney’s energy plan

On Thursday in New Mexico, Mitt Romney is unveiling his latest energy plan. It’s easy enough to summarize: He wants North America to achieve energy independence by 2020. “North America is the fastest-growing oil and gas producing region in the world,” the plan notes. And Romney wants it to grow even faster.

Getting there, Romney argues, will require three big things. First, the United States will need to open up more federal lands and waters to oil and gas drilling. President Obama, he says, has been far too sluggish on this front. Second, the federal government will need to give states more power to approve permits, in order to speed up the rate of drilling. And third, Romney would focus on building pipelines like Keystone XL and partnerships with Canada and Mexico to take fuller advantage of those countries’ oil resources. (Remember, Romney is promising “North American energy independence,” not U.S. energy independence.)

There are a lot of different arguments about oil and energy embedded in Romney’s plan, so let’s look at five big points:

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