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Plans. >> he doesn't like it, drilling, and he took away these leases from oil companies because he really wanted to cut down on drilling. the oil companies point out. you don't know whether you have oil underneath the ground or not. it takes a long time to figure out whether it is there or not. the president says we are not waiting for that. megyn: i want to ask you about gas prices here. mitt romney went after president obama and barack obama had an interesting explanation for the increase in prices. listen to this. >> when i took office, the price of gasoline was $1.86. why is that? because...

>> think about the governor said, he said when i took office, price of gas was 1.86. why is that? because the economy was on the verge of collapse. because we were about to go through the worst recession since the great depression. as a consequence of some of the same policies that governor romney is now promoting. >> why am i lowering taxes on the middle class, because under last four years they've been buried and i want to help people in the middle class and i will not, i will not under any circumstances reduce the share that's being paid by the highest income tax payers and i will not, unde...

I was just at a coal facility where some 1200 people lost their jobs. the right course for america is to have a true all of the above policy. i don't think anyone really believes that you're a person who's going to be pushing for oil and gas and coal. you'll get your chance in a moment. i'm still speaking. the answer is i don't believe people believe that's the case because -- that wasn't a question. that was a statement. i don't think the american people believe that. i will fight for oil, coal and natural gas. the proof of whether a strategy is working or not is what the price is that you're...

Pipeline of oil from canada, taking advantage of the oil and coal we have here, drilling offshore in alaska, drilling offshore in virginia where the people want it. those things will get us the energy we need. >> mr. president, could you address -- because we did finally get to gas prices here -- could you address what the governor said, which is if your energy policy was working, the price of gasoline would not be $4 a gallon here. is that true? >> think about what the governor just said. he said when i took office the price of gasoline was $1.80, $1.86. was is that? because the economy was o...

I was just at a coal facility where some 1200 people lost their jobs. the right course for america is to have a true all of the above policy. i don't think anyone really believes that you're a person who's going to be pushing for oil and gas and you'll get your chance in a moment. i'm still speaking. the answer is i don't believe people believe that's the case because -- that wasn't a question. that was a statement. i don't think the american people believe that. i will fight for oil, coal and natural gas. the proof of whether a strategy is working or not is what the price is that you're payin...