Jillian Bandes

Palin didn't hint at her 2012 plans in her keynote address to SRLC, but she did provide some meaty thoughts on energy policy, possibly her most important campaign issue if she does decide to run.

"Republicans need to hit the road in 2010, and show America what an all-of-the-above energy policy looks like," she said.

Alaska is a leading producer of crude oil, and Palin has been an outspoken opponent of Obama's cap-and-trade proposals, which have been a stalled agenda item for his administration. But Republicans have the opportunity to steal that issue away from him, said Palin.

"It's an issue that really touches every challenge that we face. There is an inherent link between energy and security, and energy and prosperity, and energy and freedom," she said.

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In her SLRC speech, there were more harsh words for Obama's two-faced energy policy; the President has claimed to support nuclear energy and wind turbines, but has stalled the development of those resources at every turn. While preaching support for nuclear energy, Obama has opposed the development of a nuclear disposal site ate Yuca Mountain and has gummed up regulations for those trying to open production sites.

"You can't claim to support nuclear energy and then gut our supply at both ends of the fuel cycle," she said.

She was especially critical of Obama's announcement that he wanted to open up large swaths of the Gulf of Mexico and the eastern seaboard for energy production. She said such plans amounted to nothing more than "more studying" — a common complaint from many conservative critics. She also said Obama's desire to open up wind turbines in the U.S. was baseless.

Every time someone tries to begin wind production, she said — probably referring to T. Boone Pickens failed wind energy plan — Obama drags his feet with inane excuses. According to Palin, Obama is afraid that "Someone may see [a turbine], or a gecko may bump into one."

Palin then reiterated her call to "drill, baby, drill," and not, "stall, baby, stall."

Also on her agenda was foreign policy, with more criticism for Obama's dealings with Israel, and his acquiescence to foreign dictators.

"The President, with all the vast nuclear experience he acquired as a community organizer... still can't deal with North Korea and Iran," she said.

Obama's recent treatment of Israel is shameful, she said, Jerusalem is not a settlement, and Israel is our friend. His overall foreign policy approach "defies common sense," such as with the recent Russian nuclear weapons treaty.


Jillian Bandes

Jillian Bandes is the National Political Reporter for Townhall.com