Romney attacking Obama over his energy failures. Obama still lying than production is up. Any increase in production is from Bush admin approval.
Increase in production is a result of price. It's a simple case of supply and demand. When price goes up, supply increases and demand decreases. And when oil hits $1,000 per barrel, people will be setting up oil rigs in their back yards knowing that it will only take 100 barrels or so to recoup the cost of their investment.