Palin: Dollar woes show need for energy independence

posted at 10:55 am on October 7, 2009 by Ed Morrissey

Two days ago, British newspaper The Independent reported that a secret cabal of oil-producing Arab states, Russia, and China had conspired to dump the dollar for oil trading, a move which would have seriously weakened our currency and influence abroad.  Many publications picked up on this report, written by the notoriously unreliable Robert Fisk, and a round of denials promptly appeared from the named states.  Left unexplained by Fisk and the Independent was how these same states, with massive holdings in the dollar (especially China), would benefit in the short or long term by attacking it.

However, it once again showed the risk that the US has in relying so heavily on foreign oil when we have resources at home that could replace a significant amount of it.  Sarah Palin made that her message of the day from her Facebook platform yesterday:

All of this is a result of our out-of-control debt. This is why we need to rein in spending, and this is also why we need energy independence. A weakened dollar means higher commodity prices. This will make it more difficult to pay our bills – including the bill to import oil.

In his book Architects of Ruin, Peter Schweizer points out that the Obama administration is focusing primarily on “green energy,” while ignoring our need to develop our domestic conventional energy resources.[5] We’re ignoring the looming crisis caused by our dependence on foreign oil. Because we’re dependent on foreign nations for our oil, we’re also at their mercy if they decide to dump the dollar as their trade currency. We can’t allow ourselves to be so vulnerable to the whims of foreign nations. That’s why we must develop our own domestic supplies of oil and gas.

Though the chant of “Drill, baby, drill” was much derided, it expressed the need to confront this issue head-on before it reaches a crisis point.

Bottom line: let’s stop digging ourselves into debt and start drilling for energy independence.

The year since the last oil shock has pushed this from the front burner for most Americans as prices have stabilized to about two dollars a gallon less than the shock’s peak.  The health-care debate has taken its place, and not for bad reasons, either, as it posits a government-mandate model that has allowed our oil reserves to sit untapped for decades.  Perhaps the upcoming debate on cap-and-trade will allow this issue to arise once again, although the terms of that debate may force it to share time with issues of taxes, costs, and further mandates.

That would be a shame, because this remains a priority for our economic recovery, and Palin shrewdly seizes the opportunity to raise the issue at a timely moment.  We could create tens of thousands or hundreds of thousands of high-paying industrial jobs by opening the coastlines for drilling, most of which would be union labor.  It would take a few years to start benefiting fully from the production, but we could be well on our way to keeping dollars at home rather than sending them abroad for our energy needs before then.  It would make energy less expensive at a time when we need to reduce energy costs to stimulate the economy in a real way.

Even if we have forgotten the pain at the pump, Drill Here – Drill Now is just as important as it was in 2008 — and considering the state of our economy, perhaps even more important than it was then.


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Spot on!

Khun Joe on October 7, 2009 at 10:57 AM

Jesus! These facts are shades of Jimmy Carters presidency.

csdeven on October 7, 2009 at 10:57 AM

There is a Cuda in the neighborhood and she is going after some food….Pol’s. it’s what’s for dinner

hawkman on October 7, 2009 at 10:58 AM

Drill Baby Drill!!!

Palin nails it again!

ornery_independent on October 7, 2009 at 10:58 AM

I agreed with her remarks on Afghanastan, too. Now, I agree with these remarks.

She’s batting 100% with me so far. (Glad abortion isn’t the topic. *haha)

AnninCA on October 7, 2009 at 10:59 AM

Can anyone dispute this?

flyfisher on October 7, 2009 at 10:59 AM

Even if we have forgotten the pain at the pump, Drill Here – Drill Now is just as important as it was in 2008 — and considering the state of our economy, perhaps even more important than it was then.

We’re about 12-18 months away from a nasty reminder, I fear.

Mr. D on October 7, 2009 at 10:59 AM

What I really like about Sarah is that I personally thought that she should establish her credibility issue by issue in well-thought out policy stances.

She’s following my game plan. :)

No big drama. Just establish her actual positions. That way, we know what she’s really about and what we’re voting on.

The high dramatics of the last election were too general and too hyped.

AnninCA on October 7, 2009 at 11:00 AM

This country has no energy policy under Obama. Other than being subservient to nations that hate us. Nuclear is the way to go, drilling and processing petroleum in the meantime to get energy independent. Maybe next President…

adamsmith on October 7, 2009 at 11:00 AM

Left unexplained by Fisk and the Independent was how these same states, with massive holdings in the dollar (especially China), would benefit in the short or long term by attacking it.

Most of them are shifting out of dollar and long term bonds, and they would probably coordinate it all.
And if they were planning it , they would deny it.

the_nile on October 7, 2009 at 11:01 AM

The Democrats are corrupt and insane, that they refuse to allow us to exploit our own natural resourses.

And it doesn’t even help the environment.

Foreign governments don’t give a hoot about the environment, whereas we have strict controls.

Democrats are just completely irresponsible on this issue, there are very few valid “green jobs” they can generate, otherwise the private sector would have done so already.

NoDonkey on October 7, 2009 at 11:02 AM

What’s with the pop ups? I know you guys need $$ but pop ups suck.

On Topic….Go Sarah!

katy on October 7, 2009 at 11:02 AM

This has always been the correct answer and always will be. Common sense obviously isn’t allowed within the city limits of Washington, D.C.

Cindy Munford on October 7, 2009 at 11:02 AM

Drill Baby Drill!

Lefty heads gonna go all splodey when they have to call her Madame President!

BlueStateBilly on October 7, 2009 at 11:03 AM

It just gauls me to no end that the libs call sarah stupid and clueless,We will never achieve energy independance under a demonrat gubmint….

SHARPTOOTH on October 7, 2009 at 11:03 AM

Dig Wells, Not Debt.

Can anyone dispute this?

flyfisher on October 7, 2009 at 10:59 AM

Honestly and with our country’s interest at heart? No.

WashJeff on October 7, 2009 at 11:03 AM

BTW , she takes a swipe on Acorn in the posting too, below the source links.

the_nile on October 7, 2009 at 11:04 AM

Drill baby!!!

/heh

The dhimmicrats and libs should want to drill here

that way
we won’t have to kill 20 million Iraqis for oil

blatantblue on October 7, 2009 at 11:04 AM

It would also reduce the Trade Deficit(i.e. less dollars leaving the US) which would strengthen the dollar’s value.

jp on October 7, 2009 at 11:04 AM

God I love her. Such common sense. Please Jesus save us from these crazy people who want to bankrupt our nation and turn us into a 3rd world country.

CambellBrown on October 7, 2009 at 11:04 AM

Bravo. Sarah is hitting this out of the park. Our dollar is in danger. But Obama is purposely trying to crash our dollar. All his boneheaded decisions were purposeful and he knows the consequences.
Here’s to Palin 2012. Common sense conservatism.

cubachi on October 7, 2009 at 11:04 AM

Palin: Drill Baby Drill
Obama: Drill Brazil Drill

ted c on October 7, 2009 at 11:06 AM

Sarah Palin is making a lot of sense. Though I am beyond pessimistic about the next three years that there would be anything left to salvage.

nyx on October 7, 2009 at 11:06 AM

Sarah Palin, The Common Sense Conservative for President in 2012!

ornery_independent on October 7, 2009 at 11:06 AM

Even if we have forgotten the pain at the pump, Drill Here – Drill Now is just as important as it was in 2008 — and considering the state of our economy, perhaps even more important than it was then.

We’re about 12-18 months away from a nasty reminder, I fear.

Mr. D on October 7, 2009 at 10:59 AM

As long as they keep the economy in the dumps, and the rest of the world suffers too, oil demand will be stable. The bigger fear is that the dollar gets hammered by China et al, in which case oil goes up merely because the dollar is worth less.

Vashta.Nerada on October 7, 2009 at 11:07 AM

I’m frustrated by the lunacy. Taxpayers are on the hook to send 10 billion to Brazil so they can explore oil drilling…Yet we are not allowed to have oil independance.
Oh the insufferable idiots that are running the show.

ZeeMI on October 7, 2009 at 11:08 AM

I doubt we’ll see much opposition to “drill here, drill now” at this site. But the leftwingers who control our government appear to operate in some bizarre alternate universe in which fuel magically appears out of nothing.

jwolf on October 7, 2009 at 11:08 AM

Whoa! In the era of honpenchange, there is no room for common sense solutions like this. You should be ashamed of yourself SP. (sarc)

Jussi on October 7, 2009 at 11:08 AM

Common sense conservatism.

Amen. Amen. Amen.

publiuspen on October 7, 2009 at 11:08 AM

And it doesn’t even help the environment.

Importing oil rather than drilling for it in the United States is environmentally harmful.

CDeb on October 7, 2009 at 11:09 AM

Jesus! These facts are shades of Jimmy Carters presidency.

csdeven on October 7, 2009 at 10:57 AM

And the same response will be stated…words and no action.

right2bright on October 7, 2009 at 11:09 AM

You cannot grow an economy w/out cheap energy. If he/congress were really interested in recovery, they would start drilling NOW. We could easily be well on our way to stabilization and then growth. They could turn next year’s elections right around, but they won’t. Idiots.

JAM on October 7, 2009 at 11:09 AM

Palin is so right. The biggest problem is this administration isn’t interested in fixing anything. Rather, they want to run the economy into the ground so they can seize more power.

How’s that Hope and Change working for you U.S.A.?

Ordinary1 on October 7, 2009 at 11:09 AM

Importing oil rather than drilling for it in the United States is environmentally harmful.

CDeb on October 7, 2009 at 11:09 AM

That’s the irony…

right2bright on October 7, 2009 at 11:09 AM

D@MN STRAIGHT!

CynicalOptimist on October 7, 2009 at 11:10 AM

By the way, Ed, thanks for your always well-reasoned, educational, balanced posts.

publiuspen on October 7, 2009 at 11:10 AM

Some of us are still feeling pain at the pump! The evil thing about last year’s oil runup is that it made us feel like gasoline at $2.50 a gallon is cheap! It isn’t! Especially if you have two adults commuting 100 miles a day. How many middle-class families can afford to spend $250 a month on gasoline while we wait for all those fabulous green energy sources to come on line???

rockmom on October 7, 2009 at 11:11 AM

Sarah Palin is making a lot of sense. Though I am beyond pessimistic about the next three years that there would be anything left to salvage.

nyx on October 7, 2009 at 11:06 AM

Have faith nyx…Ogabe, his puppeteers, and his minions are being exposed for what they are, marxists in dhimmicrat clothing, and there will be a sea change in the 2010 elections to stop this insanity, and then begin the reversal of these socialist policies in 2012.

ornery_independent on October 7, 2009 at 11:11 AM

I’m frustrated by the lunacy. Taxpayers are on the hook to send 10 billion to Brazil so they can explore oil drilling…Yet we are not allowed to have oil independance.
Oh the insufferable idiots that are running the show.

ZeeMI

The largest oil company in Brazil is Petrobas. Soros owns a ton of it. Follow the money…

JAM on October 7, 2009 at 11:11 AM

Can anyone dispute this?

flyfisher on October 7, 2009 at 10:59 AM

Not effectively. Probably why they resort to ridicule.

forest on October 7, 2009 at 11:12 AM

Palin is so right. The biggest problem is this administration isn’t interested in fixing anything. Rather, they want to run the economy into the ground so they can seize more power.

How’s that Hope and Change working for you U.S.A.?

Ordinary1 on October 7, 2009 at 11:09 AM

I am beginning to change my mind…I am not so sure they aren’t interested in fixing things…I don’t think they know how or have the understanding on how to fix things. They are afraid to make a decision, because the decision could be wrong. They are on a permanent campaign, defense mode…I don’t think they know what to do, so they try to talk their way out of problems.

right2bright on October 7, 2009 at 11:12 AM

The “Greenies” & the Obama administration are happy with the fact that the economy is in the toilet because the consumption numbers are way down.

Here in Oregon, we had some idiot state conservation guy spreading the good news that garbage levels are down really low, because people are buying less, there are fewer companies producing waste, and there are fewer cars on the road because our unemployment rate is near 12%.

The liberals see this as a victory to their environmental God AlGore.

portlandon on October 7, 2009 at 11:12 AM

Left unexplained by Fisk and the Independent was how these same states, with massive holdings in the dollar (especially China), would benefit in the short or long term by attacking it.

Many of these same states have been systematically moving their dollars increasingly into gold and other precious metals, minerals, and commodities.

China, in particular, has done so at an alarming rate, and at some point soon will be able to not only withstand the devaluation of the dollars they hold but to profit from it.

TXUS on October 7, 2009 at 11:13 AM

Yep. To both Ed and Sarah.

Bob's Kid on October 7, 2009 at 11:14 AM

Chairman O’Bamao.

Starlink on October 7, 2009 at 11:08 AM

Chairman Mao-bama…

right2bright on October 7, 2009 at 11:15 AM

…and Palin shrewdly seizes the opportunity to raise the issue at a timely moment

Whoa, Ed! Did you just call Palin shrewd? But the Ivy Leaguers, the Beautiful People of Hollywood, and Rabid Lefty Men With Miniscule P*nises have been telling us that she’s a buffoon and imbecile.
Who to believe???

CarolynM on October 7, 2009 at 11:16 AM

Palin: Drill Baby Drill
Obama: But Soros doesn’t want me to. :(

ted c on October 7, 2009 at 11:06 AM

FIFY

Obama WANTS the dollar to collapse. Why?

1. It creates a crisis he can use to seize more power.

2. It creates the inflation necessary to eventually pay down our debt, at the cost of devastation to the people in this country (but doesn’t give a rat’s a$$ about us).

3. George Soros makes a bundle by shorting the dollar.

Daggett on October 7, 2009 at 11:16 AM

There was a fascinating discussion on HuffPo 2 days ago regarding green jobs. Some really informed people actually got a chance to talk at length, along with a recruiter in that specialized field, about the green jobs.

Their point is that nobody is really trained for these jobs, and it takes a LOT of expertise. So the green job market will be filled by Europeans who are already trained.

There’s not a lot of opportunity for someone trained in traditional energy jobs to transfer skills, in other words.

So all the talk about growing jobs in that market?

Baloney. It was really a good discussion, for once on that site.

AnninCA on October 7, 2009 at 11:16 AM

I mentioned this in another thread this morning. The energy crisis has been pushed to the backburner thanks to the entire economy being in the dumps as well as Obamacare dominating the headlines.

But the bottom line is that Obama has done nothing(to quote SNL) about energy independence. In fact, he’s doing the reverse. He’s not allowing any offshore drilling here, but he’s actually giving our tax dollars to Brazil so they can drill down there.

The “green jobs” solution is a myth. The market can’t support those, so they require massive government subsidies. And green energy also costs more than coal, oil, and nuclear, so the taxpayers get screwed twice over. Both by the government and the energy companies.

Palin or whoever is the GOP nominee in 2012 will be able to hammer Obama on this.

Doughboy on October 7, 2009 at 11:16 AM

portlandon on October 7, 2009 at 11:12 AM

What a sad post…not you, but the information included…so sad…

right2bright on October 7, 2009 at 11:16 AM

rockmom on October 7, 2009 at 11:11 AM

Great point.

NebCon on October 7, 2009 at 11:17 AM

Bottom line: let’s stop digging ourselves into debt and start drilling for energy independence

YES!!!!

4Freedom on October 7, 2009 at 11:17 AM

The lack of a true energy plan that transitions us into new technologies is simply short-sighted. Has been for decades.

AnninCA on October 7, 2009 at 11:18 AM

JAM on October 7, 2009 at 11:11 AM

I was not aware of that, thanks, I need to do more digging.

ZeeMI on October 7, 2009 at 11:18 AM

Palin says drill.

Romney says “global warming”.

Vote accordingly.

Rebar on October 7, 2009 at 11:19 AM

Palin: Drill Baby Drill
Obama: Drill Brazil Drill

ted c on October 7, 2009 at 11:06 AM

“…. and here’s a couple of hundred million $$$$ to get you started.”

-Barack Hussein Obama (D – mmmm mmm mm)

UltimateBob on October 7, 2009 at 11:19 AM

By the way, Ed, thanks for your always well-reasoned, educational, balanced posts.

publiuspen on October 7, 2009 at 11:10 AM

Amen. When I saw the phrase “Palin shrewdly seizes the opportunity…”, I thought, “this isn’t AP”. Scroll up and yup…it’s Ed. I like it so much better when he posts the Palin threads.

miConsevative on October 7, 2009 at 11:20 AM

AnninCA, I was wrong about you. You are making sense in this thread. Wow, conservatism can bring us all together!

SnowSun on October 7, 2009 at 11:20 AM

Palin says drill.

Romney (and Newt) say “global warming”.

Vote accordingly.

Rebar on October 7, 2009 at 11:19 AM

FIFY a little. Not that Newt is running for anything ( as far as he’s letting on, anyway)

UltimateBob on October 7, 2009 at 11:21 AM

“…. and here’s a couple of hundred million $$$$ to get you started.”

-Barack Hussein Obama (D – mmmm mmm mm)

UltimateBob on October 7, 2009 at 11:19 AM

I think it was $10 billion, wasn’t it?

Daggett on October 7, 2009 at 11:22 AM

Ed you squish
you Vichy

traitor!!!

blatantblue on October 7, 2009 at 11:22 AM

most of which would be union labor

Unfortunately.

Count to 10 on October 7, 2009 at 11:23 AM

Sarah is the greatest! She is the only one so far standing up to these liberal clowns in Washington. Drill baby Drill and DO IT NOW!

txstar on October 7, 2009 at 11:23 AM

Once again Sarah scores.

You betcha!

Sarah Palin continues to point out the ridiculous policies the Thief in Chief and his cronies pursue.

Stephanie on October 7, 2009 at 11:23 AM

AnninCA, I was wrong about you. You are making sense in this thread. Wow, conservatism can bring us all together!

SnowSun on October 7, 2009 at 11:20 AM

Ann wants to see some oil drilling off the coast of CA so the government can get revenue from that source and not further squeeze the tax payers.

WashJeff on October 7, 2009 at 11:24 AM

There was a fascinating discussion on HuffPo 2 days ago…

AnninCA on October 7, 2009 at 11:16 AM

Which explains a lot…Huffington, wasn’t she the big conservative supporter and campaigner until she found out there was more money in being a liberal. Or was she just lying all those years to support her husband…a despicable beastly woman.

Arianna campaigned for her husband, courting religious conservatives, arguing for smaller government and a reduction in welfare.

Wherever the money or power is…

right2bright on October 7, 2009 at 11:24 AM

Sarah Palin has a game plan and that is recognized by many.

On the Eddie Burke show yesterday Chuck Heath, Sarah’s dad, when asked by Eddie what is the #1 question he gets while campaigning for Danny Tarkanian he said, “What is her game plan?” He said he always tells them he doesn’t know.

Well folks, I think Mr. Heath is being a little coy, but I can tell you what Sarah’s game plan is which is to follow the Reagan “wilderness” playbook to the letter that the Gipper used between 1977 and 1981 and to use 21st c technology of the Internet, social networking, text messaging, blogs, e-mail etc to implement it.

If you read biographies on Reagan you will see that even he as a two term governor of California was viewed with intense skepticism by the Republican establishment and deemed unelectable by the Carter people.

Perhaps he was not criticized for “inexperience” but like Sarah he was “branded” unjustly as “extreme”, out of touch, or out of the mainstream. Starting in 1977 by offering many op-eds, radio commentaries, and speeches throughout America (rubber-chicken circuit)Reagan began to establish his credentials for the Presidency. It did not happen overnight.

And with Sarah it also will not happen overnight.

And with that in mind anybody who predicts that Sarah is “unelectable” 37 months from the next election is frankly not to be believed because quite simply nobody knows what is going to happen this far out, and I don’t care if your name is Frank Luntz, Charlie Cook, Stu Rothenberg, or Scott Rasmussen.

And for that matter nobody knows what is going to happen 13 months out in the 2010 midterms.

But what I do know as an observer of the human condition, people with talent usually improve their performance and execution over time and the rare ones with superstar talent as Sarah Palin possesses, always get better barring personal demons.

What Obama and his war room and the GOP establishment most fear is that Sarah is given the opportunity to “develop” and “flourish” in the national arena and demonstrate that she is actually intelligent, competent, savvy, and self-confident and a true leader.

Thus pre-emptive strikes are called for by both the Far Left and RINO’s; Sarah’s ascendancy must be nipped in the bud. We must destroy her ASAP. Unfortunately for them it may be too late. Going Rogue will be released on November 17th and the rest as they say after that “may be history”.

technopeasant on October 7, 2009 at 11:25 AM

AnninCA, I was wrong about you. You are making sense in this thread. Wow, conservatism can bring us all together!

SnowSun on October 7, 2009 at 11:20 AM

Just know, I go issue by issue. Sometimes, I hear the same thing on progressive blogs, and you guys hate me. Other times, it’s reversed. :)

AnninCA on October 7, 2009 at 11:26 AM

They are on a permanent campaign, defense mode…I don’t think they know what to do, so they try to talk their way out of problems.

right2bright on October 7, 2009 at 11:12 AM

I have gone back and forth thinking about the intentions of this administration. But, I keep coming back to what you said.

I think they just DO NOT know what they are doing. They have an ideology that they would have LIKED to bring to fruition, but because it is, in and of itself, flawed, they are now paralyzed.

No core values that relate to the real world.

keebs on October 7, 2009 at 11:27 AM

I doubt we’ll see much opposition to “drill here, drill now” at this site. But the leftwingers who control our government appear to operate in some bizarre alternate universe in which fuel magically appears out of nothing.

jwolf on October 7, 2009 at 11:08 AM

This comment gave a great mental image… I saw two pictures side by side. “The faces of energy production”
mugging for the camera.

One pic has a grubby, Toby Keith looking Oilfield Guy with his arm around a Nuclear Scientist.

The other has an Alchemist next to a Unicorn.

paragon27x on October 7, 2009 at 11:28 AM

Which explains a lot…Huffington, wasn’t she the big conservative supporter and campaigner until she found out there was more money in being a liberal.

Yeah, but this discussion erupted over a simple story from recruiters who suggested that jobs were going unfilled due to lack of expertise.

It was really one of the only threads I’ve ever seen on that site elicit some great, great discussion.

AnninCA on October 7, 2009 at 11:28 AM

DRILL HERE!
DRILL NOW!
DRILL OFTEN!

CynicalOptimist on October 7, 2009 at 11:28 AM

Ann wants to see some oil drilling off the coast of CA so the government can get revenue from that source and not further squeeze the tax payers.

WashJeff on October 7, 2009 at 11:24 AM

I’m not opposed to drilling, provided it’s done absolutely with excellent implementation.

We have fault lines here off-shore. That must be considered carefully.

AnninCA on October 7, 2009 at 11:29 AM

Gasoline hasn’t been $2 a gallon on the southern coast of Georgia in nearly eight months. Currently regular is around $2.40 a gallon. BTW-Obama’s S-CHIP tax on cigarettes keep on giving. Or taking. Today I bought a carton of Winstons and found the price has jumped $2.25 a carton in a week. Now I’m paying $38.42 for a product I paid $20.05 for in January. Good thing Obama’s not raising taxes on people making under $250,000 a year one thin dime. More like nearly 100% and counting. Of course, I COULD live in New York City and pay over $100 a carton, so I guess I should be thankful for small governmental screwings.

bradley11 on October 7, 2009 at 11:30 AM

Lefty heads gonna go all splodey when they have to call her Madame President!

Oh, please, God. PLEASE!

This is a thought that keeps me warm at night.

tsj017 on October 7, 2009 at 11:30 AM

The “green jobs” solution is a myth. The market can’t support those, so they require massive government subsidies. And green energy also costs more than coal, oil, and nuclear, so the taxpayers get screwed twice over. Both by the government and the energy companies.

Palin or whoever is the GOP nominee in 2012 will be able to hammer Obama on this.

Doughboy on October 7, 2009 at 11:16 AM

We are subsidizing green energy with the hopes of shortening the time horizon for them to be cost-effective. The price we pay for oil is cheaper, until the cost is fully-loaded with the money we spend on national defense to protect our access to it and to protect us from the money we give to terrorists.

Palin is right about drilling domestically, though it is only part of a solution that should include nuclear.

dedalus on October 7, 2009 at 11:30 AM

Drill baby drill indeed. Except it wont happen for at least 3 years until Obama is voted out and we all know it. So what to do in the mean time? If you can I suggest investing in tangible items. Precious metals, non-perishable foods and non-hybrid seeds, guns and ammo, fuel, water…. I know, I know, it sounds like I’m suggesting building a bunker. Truth be told, I don’t have enough of the above listed items for a decent bugout bag to last me a week let alone months. But I should and so should all of you. With the current path our govt is taking, our dollar and the economy as a whole have no place to go but down. It’s going to get worse. You know it and I know it so prepare yourselves.

Damn, I hate feeling this way about my country.

Yakko77 on October 7, 2009 at 11:30 AM

I’m not opposed to drilling, provided it’s done absolutely with excellent implementation.

We have fault lines here off-shore. That must be considered carefully.

AnninCA on October 7, 2009 at 11:29 AM

There are fault lines in every oil field. The misalignment of rock strata is on of the primary mechanisms of trapping oil in a reservoir.

CDeb on October 7, 2009 at 11:31 AM

technopeasant on October 7, 2009 at 11:25 AM

Spot on statement. And on the plus side, Palin has already had all of the dirt on her brought blindingly out in the open by the legacy media, and nothing stuck other than vague comments like she is stupid, uneducated and yucky because she hunts and fishes. Oh and she really deep down wanted to ban some books but she got stopped by someone someplace, so it didn’t happen. But she really, really will ban a whole bunch of books if she is elected and outlaw abortion too.

Johnnyreb on October 7, 2009 at 11:31 AM

But the Saudi royals will starve if we do not support them!

No drilling in America!

It’s so messy!

(Channeling Obama.)

profitsbeard on October 7, 2009 at 11:32 AM

I can almost hear Obama’s head exploding now: “How dare she? Why doesn’t she just sit down and shut up? Doesn’t she know I won? Doesn’t she know I’m THE ONE???”

She is going to be a big thorn in his side all the way to November, 2012.

Go, ‘Cuda.

irishspy on October 7, 2009 at 11:32 AM

portlandon on October 7, 2009 at 11:12 AM

What a sad post…not you, but the information included…so sad…

right2bright on October 7, 2009 at 11:16 AM

It sick isn’t it? The Oregon state officials are bragging about the housing market being down as well. They are HAPPY that new housing construction is almost non-existent because their “urban growth boundaries” will shrink, forcing people into apartments and rent existing housing.

It’s bizzaro world out here. The liberals cheer against American progress openly.

portlandon on October 7, 2009 at 11:32 AM

Palin fix. Ahhhh.

outerwear on October 7, 2009 at 11:32 AM

What do China and Russia have to gain if the dollar is no longer reserve currency? Well think of the advantages of getting of being the reserve currency in terms of economic growth and interest rates. This president has been doing nothing but selling our prestige and vital national security assets for global approval for some time now. Think of the missile defense system in Europe and Gitmo. Is it beyond the realm of possibility that this president would exchange U.S. financial dominance for paying off our massive national debt with inflation? The immediate effect of moving out of dollars as reserve currency would be inflation and the end of U.S. global financial dominance. Its an exchange the Chinese and the Russians would gladly accept, even if it pinches them in the short term.

milemarker2020 on October 7, 2009 at 11:33 AM

There are fault lines in every oil field. The misalignment of rock strata is on of the primary mechanisms of trapping oil in a reservoir.

CDeb on October 7, 2009 at 11:31 AM

Well, I’d prefer Florida. I watched Katrina, and there were no major problems with the oil rigs, other than the predictable.

I was impressed.

AnninCA on October 7, 2009 at 11:34 AM

Our congres,the senate,the house, DUMB and DUMBER take your pick.
DRILL IN MY BACKYARD IF YOU WANT.

easyone on October 7, 2009 at 11:34 AM

We are subsidizing green energy with the hopes of shortening the time horizon for them to be cost-effective. The price we pay for oil is cheaper, until the cost is fully-loaded with the money we spend on national defense to protect our access to it and to protect us from the money we give to terrorists.

Palin is right about drilling domestically, though it is only part of a solution that should include nuclear.

dedalus on October 7, 2009 at 11:30 AM

No comprehensive domestic energy policy can exclude or minimize oil, coal, and nuclear. The Dems are living in a fantasy world. They want a forced, quick transition to green energy that will cause prices to skyrocket(gee, why does that sound familiar?) and destroy our economy.

Doughboy on October 7, 2009 at 11:34 AM

And Alaska, for that matter. I think Sarah is right about drilling there.

AnninCA on October 7, 2009 at 11:34 AM

No comprehensive domestic energy policy can exclude or minimize oil, coal, and nuclear. The Dems are living in a fantasy world. They want a forced, quick transition to green energy that will cause prices to skyrocket(gee, why does that sound familiar?) and destroy our economy.

Doughboy on October 7, 2009 at 11:34 AM

I agree. It’s still a fad, frankly. The discussion about the lightbulbs yesterday reminded me of the paper versus cloth diaper rage.

Remember that?

As long as we’re talking about silly crud, we’re not really into national solutions.

I like that Sarah is elevating the discussion.

AnninCA on October 7, 2009 at 11:36 AM

CynicalOptimist on October 7, 2009 at 11:28 AM

“What Sarah says to Todd every night”

Did I win Jeopardy? :P

lorien1973 on October 7, 2009 at 11:36 AM

Note to Tina Fey~

Sarah Palin: I can see reality from my front window.

profitsbeard on October 7, 2009 at 11:36 AM

A battery powered car in every garage and a nuclear power plant in every county.

MB4 on October 7, 2009 at 11:37 AM

We have fault lines here off-shore. That must be considered carefully.

AnninCA on October 7, 2009 at 11:29 AM

I am sure the oil companies will do a bang up job as they have done in the Gulf of Mexico.

I just wish there was some oil under Lake Michigan.

WashJeff on October 7, 2009 at 11:37 AM

Drill, Baby, Drill.

Get Americans back to work.

What don’t Dems get about these issues? And why aren’t GOP members screaming about these and other commonsense solutions? Maybe it’s a problem of too many issues, but identify the issues, identify prominent mouthpieces, and start speaking to Americans. The country is some part of the way don’t the toilet with Obama and the Dems reaching for the plunger to finish the job, and the members of the GOP in Congress are picking their noses and their a**es.

Obama’s administration is the height of incompetence. GOP, start taking it to task.

BuckeyeSam on October 7, 2009 at 11:37 AM

Many of these same states have been systematically moving their dollars increasingly into gold

Not only is China buying gold, but they are making sure that it is stored in China.

Left unexplained by Fisk and the Independent was how these same states, with massive holdings in the dollar (especially China), would benefit in the short or long term by attacking it.

The US is going down. Either they take a hit now, or a bigger one later.

Can anyone dispute this?

Yes:

What matters is where OPEC oil producers and rising export powers choose to invest their surpluses…It is this shift in China and other parts of rising Asia and Latin America that threatens dollar domination, not the pricing of oil contracts.

dave742 on October 7, 2009 at 11:37 AM

Energy independence? Talk about the tip of the iceberg. How about anything independence? We’re lucky we don’t import all of our food for God’s sake and who knows. That might be up in the air in the next few decades.

The Calibur on October 7, 2009 at 11:37 AM

technopeasant on October 7, 2009 at 11:25 AM

Bravo!
Excellent post.

Amadeus on October 7, 2009 at 11:38 AM

a nuclear power plant in every county.

MB4 on October 7, 2009 at 11:37 AM

Badda Bing! Badda Boom!

WashJeff on October 7, 2009 at 11:39 AM

Sarah had both barrels loaded yesterday – Afghanistan and Energy. And she pulled the trigger!

huckleberryfriend on October 7, 2009 at 11:39 AM

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