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Tuesday, September 02, 2008
Larry Kudlow :: Townhall.com Columnist
Sarah Palin, Our Energy Answer
by Larry Kudlow
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Was the Copenhagen Global Warming Summit Walk-Out a Win for the U.S.?


The U.S. Geological Survey estimates that there are nearly 100 billion barrels of oil in the Arctic, with roughly one-third under sovereign U.S. territory in Alaska. There are at least 10 billion (and perhaps close to 20 billion) barrels of oil in ANWR, while old estimates suggest between 800 billion and 2 trillion barrels of oil in the Rocky Mountain shale formations.

It’s also worth noting that 1.8 billion acres of the Outer Continental Shelf -- with roughly 100 billion barrels of recoverable oil and 400 trillion feet of natural gas -- are off-limits because of the congressional moratorium.

Palin grasps the strategic importance of all these domestic reserves. She’s also a governor who fully understands the energy- and foreign-policy designs of Mr. Putin, who sits right across the pond from her native Alaska.

Meanwhile, Obama railed against drilling in his Denver convention speech. He is opposed to ANWR. And shale. And nuclear power. He’s constantly bashing oil companies. And all he talks about is a windfall profits tax. That’s why he has no real economic recovery plan. He has no interest in reducing gasoline prices at the pump. He even sponsored legislation to prevent 3-D seismic technology and other research efforts to correctly measure our undersea oil deposits.

In other words, he just doesn’t get it.

That’s why the pro-life, tax-cutting, drill, drill, drill, family-centered, corruption reformer Sarah Palin will be a powerful weapon in this election. Don’t tell me she won’t make a difference this November.

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About The Author

Lawrence Kudlow is host of CNBC's Kudlow & Company

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Palin's energy economics 101
Governor Palin is correct: "The price of fuel will fall quickly in the expectation of more energy supplies, just as soon as Washington permits." Open additional off-shore prospects to exploration. Put ANWR in the mix. Stop the downward slide in domestic production.

Democrats have a defeatist attitude: Don't open new areas to exploration 'cause it will take too long to get the oil to market. Don't bother drilling for new supplies 'cause it won't have an immediate affect on gasoline prices. Don't exploit new prospects 'cause it won't make a significant difference in the global oil supply/demand balance. Just keep increasing our dependency on foreign oil, that's what. Just move further into the loving arms of Hugo Chavez, that's what.

Gosh, I'm glad the vast majority of American voters have more sense than that!

The Palin Choice
McCain's choice of Palin proves him incompetent and reckless. McCain had only met with Palin one time before he chose her to be his running mate. His staff had not vetted her. And yet he chose her to be a 72-76 year old heartbeat away from the presidency of the United States of America. McCain's poor judgement mirrors that of Bush's. Palin (and all republicans), continue to give big oil ownership of America, your wallet, and eventually your mortgage. Not to mention the fact that conservative republicans despise the Constitution of the United States, (not that Americans really care about small details like that - their main concern is being able to afford milk right now.)
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