Drill here, drill now, pay less, create jobs — That’s stimulous

Gov. Sarah Palin continues to make news. She understands economics and real-world energy issues. 

 

I AM DISMAYED THAT LEGISLATION HAS AGAIN BEEN INTRODUCED in Congress to prohibit forever oil and gas development in the most promising unexplored petroleum province in North America — the coastal plain of the Arctic National Wildlife Refuge, in Alaska.

Let’s not forget: Only six months ago, oil was selling for nearly $150 per barrel, while Americans were paying $4 a gallon and more for gasoline. And today, there is potential for prices to rebound as OPEC asserts its market power and as Russia disrupts needed natural gas to Europe for the second time in three years.

As I traveled throughout the country campaigning for vice president, I was glad to hear politicians, including Barack Obama, promise that “everything was on the table” to address America’s great challenges. I also found that when Americans were apprised of the facts, most people became supporters of responsible oil and gas drilling in Alaska. So, I want to remind our national leaders of this promise and make the case against this legislation:

•Oil from ANWR represents a huge, secure domestic supply that could help satisfy U.S. demand for more than 25 years.

•ANWR sits within a 20 million-acre refuge (the size of South Carolina), but thanks to advanced technology like directional drilling, the aggregated drilling footprint would be less than 2,000 acres (about one-quarter the size of Dulles Airport). This is like laying a 2-by-3-foot welcome mat on a basketball court.

•Energy development is quite compatible with the protection of our wildlife and their habitat. For example, North Slope caribou herds have grown and remained healthy throughout more than three decades of oil development. Most of the year, our coastal plain is frozen solid and thus characterized by low biological productivity.

•ANWR development would create hundreds of thousands of good American jobs, positively affecting every state by providing a safe energy supply and generating demand for goods and services.

— Gov. Sarah Palin

One thought on “Drill here, drill now, pay less, create jobs — That’s stimulous

  1. I feel Gov. Palin’s pain.

    The Alaska budget is in a shambles. Severance tax revenues are down due to the slackening demand and lower prices for oil and gas. The result is that Alaska is suffering from a severe budget shortfall.

    Alaska is the closest thing in North America to a petro-state. Most of its state budget is funded from taxes on oil and gas. They make so much money in normal times that they actually write Alaska citizens a check at the end of the year for the excess revenues. Last year it was about $3,000.

    I remember the McCain campaign talking points from last year that Sarah Palin was such a good manager that her government actually refunded excess tax money to its citizens. (They didn’t tell the part that this money had been going back to citizens well before Palin became governor.) But if the sauce is good for the goose, it’s good for the gander. Apparently Sarah Palin has now become a terrible manager due to her severe budget shortfalls.

    I guess if I was the governor of Alaska these days, I’d be begging people to drill everywhere and anywhere in my state to keep the bonanza coming.

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