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    A night of sharp exchanges between the candidates

    Some highlights from Tuesday night’s debate.


    OBAMA: That’s the strategy you need, an all-of-the-above strategy, and that’s what we’re going to do in the next four years.

    ROMNEY: But that’s not what you’ve done in the last four years. That’s the problem. In the last four years, you cut permits and licenses on federal land and federal waters in half.


    OBAMA: Not true, Governor Romney. . . . We have actually produced more oil —

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    ROMNEY: No, no. How much did you cut licenses and permits on federal land and federal waters? . . . How much did you cut them by?

    OBAMA: I’m happy to answer the question.

    ROMNEY: All right. And it is . . .

    OBAMA: Here’s what happened. You had a whole bunch of oil companies who had leases on public lands that they weren’t using. So what we said was you can’t just sit on this for 10, 20, 30 years, decide when you want to drill, when you want to produce, when it’s most profitable for you. These are public lands. So if you want to drill on public lands, you use it or you lose it. And so what we did was take away those leases. And we are now reletting them so that we can actually make a profit.


    ROMNEY: And production on private — on government land —

    OBAMA: Production is up.

    ROMNEY: — is down.

    OBAMA: No, it isn’t.

    ROMNEY: Production on government land of oil is down 14 percent.



    ROMNEY: Any investments I have over the last eight years have been managed by a blind trust. And I understand they do include investments outside the United States, including in — in Chinese companies. Mr. President, have you looked at your pension? Have you looked at your pension?

    OBAMA: You know, I — I don’t look at my pension. It’s not as big as yours so it doesn’t take as long.


    ROMNEY: I think interesting the president just said something which — which is that on the day after the attack he went into the Rose Garden and said that this was an act of terror.

    OBAMA: That’s what I said.

    ROMNEY: You said in the Rose Garden the day after the attack, it was an act of terror.

    It was not a spontaneous demonstration, is that what you’re saying?

    OBAMA: Please proceed, governor.

    ROMNEY: I want to make sure we get that for the record because it took the president 14 days before he called the attack in Benghazi an act of terror.

    OBAMA: Get the transcript.