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Starkly defined policy choices in US election

The race for the White House is shaping up to be a barn-burner after Republican Mitt Romney’s bold choice of running mate. PE examines the differences on energy policies and the impact on oil markets

Suddenly, the US presidential election has become a real contest. By choosing Tea Party darling Paul Ryan as his running mate, Republican challenger Mitt Romney has managed for the first time to cast the upcoming vote in stark shades of fiscal black and white. Social entitlements and taxes are the headline issues. But energy lurks ominously in the background, where pump prices are a proxy at the ballot box for the whole range of energy-related policies at home and abroad.  And it is the taxation, production and regulation of energy that clearly define the differences between Romney and Obama, apart from any division on foreign policy issues that have a direct bearing on North American oil

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