OK I didn't post this until I had had a chance to read the offending document, but yeah, it really looks like these claims (pdf) about the oil companies--and the federal lands that they have leased but are stubbornly refusing to develop--are as ignorant as they first sound.
Here IER (not me writing this time) blows them apart. This actually gets pretty funny (for these types of things) in the bullet points, so I encourage you to actually read it.
Now that I have assured myself that these accusations against evil Big Oil are patently absurd, the question becomes: Is Obama truly this ignorant of how business works, or is he making such ridiculous charges just to get elected?
I'm not sure which outcome I prefer. It's comparable to: Does George Bush actually think he's patching things up over there in the Middle East, or...?