In new 30-second TV spot airing in Colorado, Florida, Iowa, Nevada, Ohio and Virginia, Team Obama defends the President’s energy policies and targets the GOP frontrunner.

Voiceover: “Under President Obama, domestic oil production’s at an eight-year high…. In all these fights, Mitt Romney’s stood with Big Oil.”

Romney spox Saul responds: “It’s no surprise President Obama is spending his soon-to-be $1 billion war chest to attack Mitt Romney and deflect blame for his failure to control gas prices.”

Read the script below.

VOICEOVER: “Under President Obama, domestic oil production’s at an eight-year high. So why is Big Oil attacking him? Because he’s fighting to end their tax breaks. He’s raising mileage standards, and doubling renewable energy. In all these fights, Mitt Romney’s stood with Big Oil — for their tax breaks, attacking higher mileage standards and renewables. So when you see this ad, remember who paid for it. And what they want.”