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.
Blowback
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The Calibur on October 7, 2009 at 1:53 PM
Taking two sentences out of context, and then complaining about strawmen.
How utterly pathetic. But to be expected from somebody who’s economic illiteracy is as abysmal as yours has proven.
Now, if you want to actually try to deal with the arguments I presented, be my guess. However I’m sure that you will continue to evade the entire discussion. Those who’s attitudes are based on hate rather than reality, rarely deal well with reality.
MarkTheGreat on October 7, 2009 at 2:13 PM
Econ 101. Maybe you should try studying it for once.
MarkTheGreat on October 7, 2009 at 2:15 PM
Oil is a worldwide commodity – looking at only the US is misleading. Additionally, the price peaked in July of last year, then collapsed. Looking at full year numbers doesn’t tell the story.
Vashta.Nerada on October 7, 2009 at 2:23 PM
I’m pretty sure at some point around 10 percent of the country will be saying this:
F*ck the penguins
F*ck the polar bears
F*ck the caribou
F*ck the leftists
F*ck Obama
F*ck the unions
F*ck the environmentalists
and a big F*ck you to Pelosi and Reid.
I WANT MY JOB!
Chaz706 on October 7, 2009 at 2:25 PM
Where once a scalpel may have worked a hatchet is the order of the day.
lwssdd on October 7, 2009 at 2:25 PM
Out of context? They were all in the same post about the same subject! They were in perfect context and anyone with 20/20 vision can go back and read your illogical post. The fact is, a trader can buy future contracts with only 6% down on the price of oil. He can borrow the rest. This is unnecessary and heavily manipulates the price. The first people to leave the oil bubble (usually the people with the most money) make high profits while everyone else that was following the trend loses. Meanwhile oil prices are sky high for the population.
U.S. demand for oil dropped in 2008 and Chinese demand increased by 400K barrels. That would mean you’re attributing all oil price increases in 2008 to the depreciation of the dollar correct?
The Calibur on October 7, 2009 at 2:26 PM
If I were you (a watchdog), I’d be hollerin’ at Glenn Beck on Twitter. The Brazil contract, I didn’t know about it; just found out here!
I somewhat remember there were some issues with contractors that do the drilling or processing the crude…anybody remember? They made it look like they could not start right away, OSHA was in their way? Pls. remind us!! Thanx
That’s why I won’t get that bumper sticker off my car. Now, I have to put some other sticker to cover McCain (bottom has “McCain/Palin”) and a huge Sarah!. Maybe I will get the OMG! I posted yesterday, hehehehe…
ProudPalinFan on October 7, 2009 at 2:27 PM
Take a good long look at this.
That’s post dated BTW in July 2008.
Chaz706 on October 7, 2009 at 2:30 PM
I wish so too; Powerball just won’t cut it huh?
ProudPalinFan on October 7, 2009 at 2:31 PM
You might get Barney Frank on board with that, easyone.
alliebobbitt on October 7, 2009 at 2:32 PM
You do realize that they are buying futures contracts, not oil, right? The contracts move from futures towards spot as the date approaches.
Vashta.Nerada on October 7, 2009 at 2:34 PM
At least I can get that pellican and wash it with dishwasher detergent, nurse it back to health and release it. Minnows? Have they thought of hollerin’ up north? Build a hatchery, perhaps? Sheesh! Even shrimps enjoy the hotel benefits of being nursed in huge pools, staged up and cooked later.
Those minnows are BAIT. Feel free to come over to our nearest fishery store and grab a barrel.
ProudPalinFan on October 7, 2009 at 2:35 PM
Unfortunately, global consumption declined in 2008, which doesn’t explain the price increase.
http://uspolitics.about.com/b/2008/12/16/global-oil-consumption-drops.htm
The Calibur on October 7, 2009 at 2:36 PM
buying on speculation is how stocks stay where they are and rise and fall concerning demand. Buying on actualy liquid commodities is different as you buy on the knowledge that it will go up and down but will always be stable.
When you buy oil stock, you buy for 2 years in the future. You do realize that is usually how it works… right?
upinak on October 7, 2009 at 2:38 PM
US demand for oil dropped full year, but if you looked in July, it would have been way up. If you get an A on a midterm, and an F on the final, you can average a C, but nobody who was there believes you were consistent.
Vashta.Nerada on October 7, 2009 at 2:38 PM
Hey Ed,
Does she have an invitation to the western CPAC that you will go to? Can you dig into it? Dunno date/place/time, pls. let us know so we can see it thru C-SPAN.
Can you use your power of persuasion to get her to go, please? Pretty please?
ProudPalinFan on October 7, 2009 at 2:38 PM
Right and spot prices are based on what supply will be left. When futures contracts are high it looks like there will be less supply, so the spot price is influenced. Besides, you’d then have to attribute the rise in prices to either demand or dollar depreciation. Since demand dropped, you would have to explain the price increase with only dollar depreciation.
The Calibur on October 7, 2009 at 2:39 PM
Ed is for Pawlenty…. just saying.
upinak on October 7, 2009 at 2:42 PM
See my post at 2:38. US Demand was way up in July, and fell off of a cliff. Worldwide demand was way up in July, and fell such that annual consumption was a few thousand barrels less than 2007.
Spot prices are based on deliverable goods where the contractor takes delivery, while futures prices are bets on taking the spot, selling it, or abandoning it.
Vashta.Nerada on October 7, 2009 at 2:42 PM
Here you can see the incredible spike in price while the bottom drops out of demand:
http://www.wtrg.com/oil_graphs/USpetroleumconsumption.gif
The Calibur on October 7, 2009 at 2:44 PM
Sarah has been insightful, timely, probative, and decisive since her resignation from the top Executive office in Alaska. She brilliantly points out once again, that while the U.S. goes penniless, hat in hand, embarrassed before the world, we could actually “own” the world with our drilling expertise, our clean hi-tech extraction regimens and of course our oil, coal, gas, shale etc. Think of that phrase, “Own the world.” A bit exaggerated I suppose – but not by much. While Al Gore and The Messiah and Mrs. Messiah jet around the world burning up fossil fuels while hypocritically pushing the U.S. into a “Green La La Land” of self destruction (short term at least – def. is 35 years out), millions of us are starving without jobs. Got to love those Dems………………..Go for it Sarah and Drill Baby Drill…………..
Cinday Blackburn on October 7, 2009 at 2:47 PM
Link doesn’t work, but I read the same charts daily. You are mistakenly comparing the forward looking futures price of oil with the backward looking demand analysis for refined products, during a period when prices skyrocketed for six months and then fell off of a cliff for the rest of the year.
Vashta.Nerada on October 7, 2009 at 2:49 PM
Someone asked about Sarah Palin’s view of healthcare reform. She addressed this issue several weeks ago. Below is a link to one of her perspectives on the issue.
http://www.facebook.com/note.php?note_id=130481448434
SheetAnchor on October 7, 2009 at 2:49 PM
Hya Upinak!
Pawlenty? Pffftttt…
ProudPalinFan on October 7, 2009 at 2:50 PM
He is going off the BP yearly statistical me thinks.
upinak on October 7, 2009 at 2:51 PM
Drill Baby Drill!
Keep on it Sarah. YOU make perfect sense unlike the fools in office now.
Buckeye Babe on October 7, 2009 at 2:52 PM
Well it is Ed’s Gov.
soooo……
upinak on October 7, 2009 at 2:52 PM
And in spite of being considered “not as sharp as a tack” in some quarters Sarah Palin in one Facebook posting combines the discussion of the issues of foreign currency manipulation, the relationship of gold to the weakened dollar, environmental policy, the mounting domestic debt, and energy independence simultaneously.
Does any rational person believe that “a blithering idiot” could pull such a juggling act off?
technopeasant on October 7, 2009 at 2:52 PM
Weird the chart works when I click on it. Let me get you the whole article.
http://www.wtrg.com/prices.htm
About half way down on the right you will see that oil prices soared while demand fell off a cliff.
The Calibur on October 7, 2009 at 2:53 PM
I found the chart. It is as I suspected.
I also note that oil sold for $70 in early 2008, $140 in July 2008, and $36 in December 2008, and is now back to $70.
Vashta.Nerada on October 7, 2009 at 2:56 PM
Me too…I guess it comes out of many talking points that were brought on the campaign trail that have been put in the back of the shelf (ykwim).
Please oil legal eagles, when it comes to discussing worldwide oil distribution of wealth/snort break it down for me?
ProudPalinFan on October 7, 2009 at 2:56 PM
which part?
I know which chart he is talking about. The only problem is I was in on the meeting with the BP rep for the 2010 predictions which are still 2/3 years old, via old information they gather and 2 years out.
I asked his why do they call it a statistical revue when it is based on speculation. He couldn’t answer me and got mad. waaah
upinak on October 7, 2009 at 2:58 PM
It’s constantly amazes me how much BS the economically ignorant believe in.
While it is true that the first to leave a bubble will make the most. However the only way for someone to create a bubble is to buy lots and lots of oil. The only way to make money off of a bubble is to only sell a little.
If the speculator pushes prices up by buying a lot of oil, he will in turn push it back down when he sells a lot of oil. Add to this the huge transaction and storage costs in the meantime.
Speculators are not the evil creatures that you are so desperate to believe they are.
Small minds need to invent demons to explain that which they are incapable of understanding.
MarkTheGreat on October 7, 2009 at 2:59 PM
Don’t confuse him with facts. He’s too busy trying to find someone to blame.
MarkTheGreat on October 7, 2009 at 3:00 PM
Yes, I found it. It indeed shows futures prices (which are forward looking) going up, while demand (backward looking) falls. When we use these charts, we always do so with the understanding that there is a timing issue with them.
Futures prices are based on bets as to where oil is headed. Consumption numbers are based on actual use after the fact. The futures players are betting six months out, and usually don’t know when a bubble will burst or a recession will start.
Vashta.Nerada on October 7, 2009 at 3:01 PM
Simple answers from simple minds.
Try factoring in the collapse of the dollar.
MarkTheGreat on October 7, 2009 at 3:01 PM
Gotta step off, turn into Cinderella plus 2 then two parties tonight. I expect to read on this 700 comments.
ProudPalinFan on October 7, 2009 at 3:01 PM
Well lets say you buy lots and lots of oil. So much so, that the price of oil increases faster than demand would increase the price. Other investors see this price increase and buy oil in order to try to make money. Besides, interest rates are like 0. Why not? Similar to a pyramid scheme, once easy cheap money drys up, you sell. Maybe you have some friends that work at BofA or Goldman and they tell you the whole shebang is about to blow so you better sell. You sell ALL your oil, but the price doesn’t catch up till you’re out of the market. The domino effect begins and prices come back down. So you’re right in that, the price over a long period of time will average out. But the more cheap liquidity on the market, the more investments will be made in commodities, stocks, etc. Safer than real estate these days but more money than gold.
Probably not for long though.
The Calibur on October 7, 2009 at 3:07 PM
I live in Pennsylvania; what does that make me? If Obama apologizes for the whole country, should I apologize for all the kook politicians in Pennsylvania? Jindal (LA) which was so-so with me screwed up when he was interviewed about the h/c plan. NOBODY ELSE is presidential material, only Sarah to me, and perhaps Boehner as VP. WTH, have her take over the GOP NOW!
ProudPalinFan on October 7, 2009 at 3:09 PM
Sarah fires in the “V” ring (bullseye) once again…Drill baby drill is merely a metaphore for developing our own resources…Our own oil, gas, nuclear power capabilities can make us energy independant. The alternative is to send hundreds of billions of dollars overseas to buy energy which is slowly bankrupting our great nation…Our leaders in both parties need to understand that this is an economic and a national security EMERGENCY!!! Green is ok but we are only going to see single digit percent increases in green energies for years to come…
Nozzle on October 7, 2009 at 3:11 PM
The issue was that expected demand was 87 billion barrels, and production was expected to be 85 billion barrels. Thus, the spike. When the market crashed in July 2008, demand dropped, and the futures contracts free fell.
I can’t imagine a cabal coming up with the $20-30 trillion required to try and rig the oil futures market.
Vashta.Nerada on October 7, 2009 at 3:13 PM
The chart specifically says price of oil per barrel, not futures contracts. Even look at the production graphs. They rise almost exactly with demand.
The Calibur on October 7, 2009 at 3:15 PM
Norway ‘the best place to live’
BBC News, by Staff Original Article
Posted By: Photoonist- 10/5/2009 3:17:25 PM Post Reply
Norway is the best place in the world to live while Niger is the least desirable, according to an annual report by the United Nations. The 182 countries were ranked according to the quality of life their citizens experienced. Criteria examined included life expectancy, literacy rates, school enrolment and country economies. (Snip) Norway’s consistently high rating for desirable living standards, is, in large part, the result of the discovery of offshore oil and gas deposits
nondhimmie on October 7, 2009 at 3:15 PM
I think Jindal would be a good running mate for Palin, or possibly Mitch Daniels or Paul Ryan. Somebody with healthcare legislation experience. It might be a good idea to have two governors running in 2012 to get away from the idea of federal politicians controlling everything. Gubernatorial experience might be a plus by then, after people are fed up with the federal government. That being said, Sarah must learn the ropes and Jindal must learn how to give a speech without sounding like Howdy Doody. :)
NathanG on October 7, 2009 at 3:19 PM
Your most liberal estimate of 30T would only be 1.8T at 6% down. Considering these investment banks are leveraged 40 to 1…..
That’s like what? 2 and half bailouts? And with the Fed potentially throwing out trillions of liquidity and guarantees and such? lol I’m not going to speculate on such huge numbers but just putting it into perspective.
The Calibur on October 7, 2009 at 3:21 PM
Read this, it also has a link to a previous story on the same situation. Obama and his thugs ARE trying to force us to import all of our food! These people are pure evil.
Incredible: Senate Democrats Vote Unanimously To Destroy American Farmers, America’s Food Supply, And Our National Security!
gary4205 on October 7, 2009 at 3:24 PM
*facepalm*
weren’t you just speculating?
upinak on October 7, 2009 at 3:25 PM
Well all the sentences were technically true. I’m just not going to hang my hat on those numbers.
Indeed. That’s the whole “elite’s” plan, if you will. Imported goods are cheaper but usually lead to job losses. But if you have a job that isn’t going away, you just get to enjoy the lower prices. Just don’t forget that the previous administration is similar in guilt for destroying this country, with TARP and the Farm Bill just being a few examples that come to mind immediately.
The Calibur on October 7, 2009 at 3:29 PM
*sighs*
technically true? I think you need to go back and double check. You are running on speculation and I explained the difference about 30 posts ago.
Even oil companies run on speculation rather then actual production in the here and now. Why? because it is harder to gather information on the here and now, due to their own inside issues. So they go back 2 years and speculate 2 years ahead.
many traders what for 3 reports before buying stock. the BP Stat, the EOE yearly review and usually the Exxon prediction of exploration/production determination.
Hmmmmm…..
upinak on October 7, 2009 at 3:34 PM
My sentences in the one post you responded to and quoted were all true in relation to what the person I quoted said. He said you’d need 20 to 30 T to take over the oil market. I said with leverage it’d be 1.8 T plus investment banks are leveraged 40 to 1. 1.8 T is about 2 and a half bailouts and the Fed has thrown more in the pot that we don’t know about. That’s it.
The Calibur on October 7, 2009 at 3:38 PM
Let’s try this phrase on for size: “President Palin”…….got a nice ring to it. Let’s do it.
Cinday Blackburn on October 7, 2009 at 3:39 PM
Palin is right about this, I think most people know that really. We also need more nuclear power.
Terrye on October 7, 2009 at 3:56 PM
Proto-POTUS Palin is right.
Sapwolf on October 7, 2009 at 4:14 PM
Yep.
Reduce trade deficit.
Provide more jobs domestically.
Help hold up currency.
Win-Win-Win!
Sapwolf on October 7, 2009 at 4:18 PM
Like someone said last night on a Palin post…..
Sarah Heath Palin
mmmmm…mmmmm…mmmmmm
shomegirl on October 7, 2009 at 4:29 PM
The girl is right.
Firebird on October 7, 2009 at 4:38 PM
and fuck you Time Magazine.
They gotta try and slam Palin again.
lonestar1 on October 7, 2009 at 4:40 PM
Good job by Sarah. Does she also support nucular power?
james23 on October 7, 2009 at 4:45 PM
“All of the above”
the_nile on October 7, 2009 at 4:49 PM
I disagree. The moment we announce a change in policy regarding harvesting our energy resources, oil prices will drop. Given any set of circumstances, any given price level, any level of demand, the price will drop when the market realizes that new supply is being added.
Red State State of Mind on October 7, 2009 at 4:57 PM
mmmmm…mmmmm…mmmmmm!
Indeed she does!
Sarah supports an “all of the above” policy.
She is ALSO for renewable energy.
When Teh Won came out with the goal of have 25 percent of our energy from renewables in X numbers of years, Sarah promptly came out and promised Alaska would be at 50 percent by then!
(Alaska ALREADY gets 25 percent of it’s energy from renewables!)
Remember, Sarah was Chairman of the Alaska Oil and gas Conservation Commission, the agency that regulates everything oil and natural gas. But that agency does more. They also regulate coal mining, and conduct environmental impact studies.
Sarah was also Chair of the Interstate Oil and Gas Compact Commission and was Natural Resources chair in the National Governors Association.
There is absolutely no one in national politics who understands these issues as well Sarah does.
The smart money is listening to her!
gary4205 on October 7, 2009 at 4:59 PM
Why don’t you tell us the Truth Sarah?
Our Dollar woes are because of the “Federal” Reserve.
The “Federal” Reserve banks are PRIVATE BANKS that essentially PRINT MONEY from nothing and CHARGE us INTEREST on this FAKE MONEY that they never had in the first place!
Why don’t you let us know that the private “Federal” Reserve banks HAVE NEVER BEEN AUDITED and why don’t you let us know WHO owns these banks?
They are raping us for $280 BILLION Dollars plus ANNUALLY in interest on fake money that they never had in the first place and then in addition to that they have total ability to manipulate interest rates and therefore totally manipulate markets for profit.
It is UNCONSTITUTIONAL to have a “Federal Reserve and is forbidden in the Constitution specifically!
Why is this happening?
Because our government and media is totally taken over from within.
It’s time for people to wake up and time for this to stop!
MaximusConfessor on October 7, 2009 at 5:00 PM
A short history of Nuclear Power: In 1946, the Department of Defense convened a conference to explore the possibilities of nuclear power generation. To provide perspective, the atomic bomb had famously ended the war in Japan when dropped on Hiroshima and Nagasaki. What is less known however is that the Manhattan Project had refined just enough uranium to produce three bombs. One was used for test purposes. The other two, Fat-man and Little-boy were destined for Japan. When the first test bomb was detonated, it was not known if it would even work. It was in every respect uncharted territory in theory and practice. Fast forward to 1946, then Captain Hyman Rickover was sent as the US Navy’s representative to the conference with the aim of harnessing atomic energy. Rickover immediately saw the tremendous potential of this new energy source. He went on to the lead the US Navy’s efforts to develop the first nuclear powered submarine. Less than eight years later the USS Nautilus sailed as the world’s first nuclear powered submarine. Rickover went on to oversee the US Navy’s development of nuclear powered ships and submarines for the next three decades. As well, he was appointed the first Chairman of the Atomic Energy Commission where he oversaw the development of civilian nuclear reactors. Fast forward once again to the present day. The US Navy has been “underway” on nuclear power for over fifty years. The world currently produces around twenty percent of its electricity through nuclear power. The United States has “never” had a nuclear accident that resulted in loss of life or even the release of radioactive material. The US Navy has never had a nuclear accident even given the extreme operating conditions at sea. In the 1950s, nuclear power was looked on as a gift from god. It was hoped that it would provide nearly limitless, clean, pollution free energy…Unfortunately, well meaning environmentalists and their political operatives armed with well paid attorneys nearly killed this valuable source of power here at home. All the while, the rest of the world continued to develop nuclear power. They took advantage of this technology developed by a few American heroes in the US Navy and General Electric…Today, the case for nuclear power could not be more clear. We need to take another look at what was once considered a gift from god. We need our government to clear needless regulation and misguided legal actions out of the way so that Americans can truly take advantage of this important source of energy.
Nozzle on October 7, 2009 at 5:13 PM
Obligatory.
Brian1972 on October 7, 2009 at 5:54 PM
Note:
Bootlick media you were standing up there with Jesus when he made that speech about Healthcare…….and you preach all that green jobs crap.
This people says to the Bootlickers and the “GREEN JOBS/GE” hacks in Congress…………”YOU LIE!!!”
Palin speaks truth to Power.
PappyD61 on October 7, 2009 at 6:05 PM
This may be slightly off the topic but bear with me:
If you examine history you will be able to cite several examples of where decisions were made that became watershed moments and which directly affected the future of an individual, group, society or country. Sometimes these decisions were made in advance of the reality or evidence and based more on potential and gut feeling.
Several year ago in the world of sports a coach of a team had a huge decision to make. At that time the coach was viewed as a perennial loser, his personality was too serious or dour, he was vilified daily by the press, there were rumors his players hated him, his strategies, on the field and off the field were being constantly questioned by the pundits and it was predicted he would be fired at the end of the season as he had been a few years before. Certainly he was not considered a genius.
This coach finished in the cellar in his first year as coach. The predictions for the coming season were no different.
In the third game of the season after losing his first two games and after his key veteran star player went down in the second game he was forced to turn to his untested backup to carry the ball. The backup was a virtual unknown who had received little fanfare from being on the team. Even the coach probably did not how good the backup was.
To the surprise of many the backup performed admirably (he set a record of performance from the beginning of a career) and led the team to several victories, although the conventional wisdom was that once the starter was ready to come back he would get his job back. At 5-5 the starter was ready to come back.
The coach had a decision to make that in historical terms came to define his entire career and the future of the team that he led. What he had to determine was whether he was going to bank his future on the growing potential of an unknown that he had come to appreciate or would he revert back to the veteran who had a proven record of accomplishment whose paycheck was evidence of that.
He decided to go with the unknown backup for the remainder of the season. The understudy went on to win the last 9 games of the season and against all odds won the championship of that sport.
That folks happened in 2001. The coach was Bill Belichick and the unknown backup was Tom Brady.
Bill Belichick is now considered a genius and Tom Brady went 162 passes from the start of a career without throwing an interception to set a NFL record and won the Super Bowl in 2001 and two more SB’s after that and has more than fulfilled the promise his coach had in him in 2001.
Folks, Sarah is now Tom Brady before Belichick dubbed Brady his starter. She has definitely shown promise: her convention speech, her debate with Biden, her post-campaign speeches, her speech in HK and her Facebook entries.
Sarah Palin can one day become the fulfilled Tom Brady,if the American people allow her the opportunity to fulfill her talents. But for that to occur like Belichick who did not listen to the media critics in choosing to go with Brady in 2001, the millions of folks who oppose Obama and believe in a conservative view of life and politics must decide to go with Sarah, despite the media narrative that she is “damaged goods” and “unelectable” and bank our future on her POTENTIAL as she goes forward over the next 1-2 years.
I am firmly convinced if American conservatives and anti-Obama advocates make that decision that will be the turning point in the resurrection of America as Tom Brady’s legitimacy as a full-time starter took the New England Patriots to the heights of victory that few teams have ever known.
It would be so easy to go with the status quo, but to make a decision like Belichick made takes faith and guts. I pray that American patriots have the faith and guts to eventually to embrace Sarah as well.
technopeasant on October 7, 2009 at 6:05 PM
Excuse me, but that is a really weird equivalence. Who seriously expected invading Iraq to lower the price of oil, except the nutjobs who said we were just after their oil? There’s just no connection there between Iraq and oil unless we took their oil away from them rather than paying fair market value.
As for ending commodity speculation, the speculation is based on anticipating that oil will be scarce, and therefore it’s worth more than the price would be otherwise. Increase the supply of oil, and speculators will get out of the oil market faster than the actual oil producers can jump into it.
tom on October 7, 2009 at 6:10 PM
As a 32 year long worker of the oil fields, we CAN have oil shipping from Alaska within ONE YEAR if these tools would allow us to drill for it. A drilling rig or several can drill wells and produce oil very quickly. We still are dependent on oil and we CAN still research alternate fuel ideas at the same time. Not everything CrockObama has to be completed in a hurry.
Taking fuel buring vehicles off our streets will not replace these items made from oil:
http://www.anwr.org/features/oiluses.htm
dthorny on October 7, 2009 at 6:54 PM
This happened just last year when congress APPROVED off shore drilling, prices dropped from 4.50 a gallon to 2.00 a gallon in California until congress staethily changed their minds again to outlaw off shore drilling.
VOTE THE DEMS OUT ON THEIR ASS in 2010.
dthorny on October 7, 2009 at 6:59 PM
dthorny on October 7, 2009 at 7:01 PM
Here is a comment I put together for C4P in June but thought I would update the numbers to see just how effective energy independence can be:
It would seem Gov. Sarah Palin was ahead of the curve negotiating the largest private infrastructure project in North American history, and indeed put Alaskans first as the state seems poised to survive the global recession, and grow oil and gas sector jobs.
For the first time in over 8 years, Alaskan unemployment is below the national average: 8.3% v 9.5%. Quite striking when you consider Alaska had the highest national unemployment rate in 2004 with 7.5% followed by Oregon at 7.4%. Let’s give a shout out to number 3 on the list–Michigan, currently, June 2009, the highest unemployment in the nation:
Unemployment national average: 2004, 5.5%
-Jun09, 9.5% -Jul09, 9.4% -Aug09, 9.7% -Sep09, 9.8%
1. Alaska 2004 7.5%-Jun09 8.3% -Jul09 8.2% -Aug09 8.3%
2. Oregon 2004 7.4%-Jun09 12.0% -Jul09 11.8% -Aug09 12.2%**
3. Michigan ’04 7.1%-Jun09 15.2%* -Jul09 15.0%* -Aug09 15.2%*
* = Highest in the nation.
** = State historical high.
With tourism always the first to take a hit in a recession, car rental taxes down that offset property taxes, hotel staff reductions, and the passenger cruise lines reducing trips to the Alaskan market for 2010, I would say Gov. Palin brought new energy and jobs to market for Alaskans further diversifying the state economy for future generations, and increasing high skilled jobs vs. services oriented. (No SEIU dues for you!) Well done, Sarahcuda.
FeFe on October 7, 2009 at 7:07 PM
I heart Sarah!
1921 C DRUM on October 7, 2009 at 7:18 PM
I agree whole-heartedly with Sarah, but given that our government is being run by Socialists (maybe even incompetent ones at that), I don’t think energy independence is likely nor would do much good concerning the Dollar.
There’s a lot of oil beneath us, but even then we’d have to tighten our energy usage belts, augment with alternative energy sources, pay more for petroleum-based products…above all expand our nuclear power industry.
Also, hate to say it, but it might be necessary to control the oil companies as public utilities. They are spending little for new oil exploration here (because of the Ecos/Libs, and partly maybe to inflate prices), so are riding a profit wave. More exploration/development would threaten their profit margin, so they’d charge more.
Oh, and kick out the illegal immigrants, and control immigration. More people = more energy consumption, usage of resources, etc.
Dr. ZhivBlago on October 7, 2009 at 8:27 PM
Megadittos to that! How can I help C4P? Gotta go to site see what I can do to help.
ProudPalinFan on October 7, 2009 at 9:27 PM
you forgot
F*ck Al Hypocrite Gore
mooseburger on October 7, 2009 at 11:15 PM
How would we make iPods without oil, or carpet, or clipboards holding illegal voter registrations? I guess this would cover the clipboards.
How do you make plastics?
MarkABinVA on October 7, 2009 at 11:28 PM
A Sarah Palin thread by Ed?
What’s wrong with AP? Is he deathly ill?
connertown on October 8, 2009 at 12:20 AM
+1,000,000
gary4205 on October 8, 2009 at 1:23 AM
NathanG: “Sarah must learn the ropes”; liberal spin. The same Facebook post currently being discussed indicates that Sarah KNOWS the ropes. Obama is the one who must learn them. BTW, for those who are fond of calling Palin an economic illiterate, she said she got a D in Macroeconomics; that means she’s got one or more Econ courses under her belt. Nobody can say the same for Obama.
SilentWatcher on October 8, 2009 at 2:06 AM
Palin is right. The US must be as independent as possible of foreign sources of oil. This is a dangerous world, and it has ever been so. It is commonsense to to be independent of the unfriendly and/or untrustworthy sources of foreign oil. It makes no sense to depend on such. It is nonsense of the highest order.
Green is good.But green is not now.
Investing in green technologies is good, but by all accounts scientific, these are not feasible now.
Until they are, we must rely on OUR abundant resources and this country is blessed in natural resources and the capitalistic system best suited to utilize them.
That includes new discoveries of oil-rich sources beneath the ocean floor. And please tell me how many oil rigs have actually spoiled any part of our environment. I know of none.
Oil rigs are contstructed to exacting standards using the technology that we have largely developed and perfected.
We remove old oil rigs as well. With the same competence and technology we can be proud of. We can put `em up, and we can take `em down.
We don`t have to be Ferengis to realize the truth.
We deal in reality, not utopia.
Sherman1864 on October 8, 2009 at 5:14 AM
Palin is absolutely correct and she doesn’t need flowery speech delivered via a teleprompter. There will be another source of energy available very soon (via a genious friend of mine who does not want his name to be known) if the government will “allow it.” In the meantime…Drill here now.
Nalea on October 8, 2009 at 8:13 AM
Clone this woman please. I want 2 copies.
johnnyU on October 8, 2009 at 8:51 AM
I’ll believe this alleged “factoid” when Sarah’s transcripts confirm that she did, in fact, get a D in Macroeconomics.
For now, it’s an unattributed statement that goes back to one (1) ABC news story from before the election, but has been widely circulated on Leftoid blogs as “truth”…
Funniest thing.
Jenfidel on October 8, 2009 at 9:29 AM
Last year’s oil price spike was caused by one thing: Decreased supply.
The Saudis started it (remember NObama bowing to their King?
Wonder why he did that?) and because the Sauds control OPEC, they got the rest of the oil producing members to cut supply as well.
The dollar had nothing to do with it.
It wasn’t Sarah who got the D in Macro(Economics; it was The Calibur.
The Calibur of what, exactly?
Jenfidel on October 8, 2009 at 9:33 AM
Amen Sarah, Amen!………………GO SARAH!
Herb on October 8, 2009 at 11:15 AM
No, No, No, No, No. Even thinking that having the government take over any company or industry for any reason is very bad thing. It IS the regs and dhimmis that are keeping us from Drilling here, now, and offshore. What are you thinking?
Name a single public utility anywhere in the “57″ states that is profitable and has reduced customer pricing EVER. I dare you.
Blacksmith8 on October 8, 2009 at 1:17 PM
For a poignant video message encapsuled in light humor on “big government solutions” please go to:
http://www.timhawkins.net/
Click-on “The Government Can”
This video needs to go “viral!
SheetAnchor on October 8, 2009 at 2:01 PM
Why stop at two? How many people are in the Senate and House of Representatives? You need at least that many plus two for the White House and Veep’s residence.
jimmy2shoes on October 8, 2009 at 3:35 PM
Surprise! Billionaire Obama Supporter Keeping Levi Johnston In The Spotlight
http://thespeechatimeforchoosing.wordpress.com/2009/10/08/surprise-billionaire-obama-supporter-keeping-levi-johnston-in-the-spotlight/
gary4205 on October 8, 2009 at 6:20 PM
This from Reuters!
Another side of Sarah Palin: financial guru
http://blogs.reuters.com/frontrow/2009/10/08/another-side-of-sarah-palin-financial-guru/
gary4205 on October 8, 2009 at 11:11 PM
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