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Sarah Palin: Further Proof of the Need for Energy Independence

Posted by Ron Devito on October 6, 2009

Following is the complete transcript of Governor Palin’s Facebook posting on energy independence, debt and the declining value of the dollar:

The British newspaper The Independent reported today that Gulf oil producers were negotiating with Russia, China, Japan and France to replace the dollar in pricing oil with a basket of currencies.[1] According to the Wall Street Journal, Arab oil officials have denied the story, but even the possibility of such a talk weakens the dollar and renews fears about its continued viability as an international reserve currency.[2] In fact, today a United Nations official called for a new global reserve currency to replace the dollar and end our “privilege” to run up huge deficits.[3] We can see the effect of this in the price of gold, which hit a record high today in response to fears about the weakened dollar[4] (Palin, 2009, ¶1).

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 (Palin, 2009, ¶2).

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 (Palin, 2009, ¶3).

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 (Palin, 2009, ¶4).

Bottom line: let’s stop digging ourselves into debt and start drilling for energy independence (Palin, 2009, ¶5).

– Sarah Palin

[1] See http://www.independent.co.uk/news/business/news/the-demise-of-the-dollar-1798175.html

[2] See http://online.wsj.com/article/SB125484066563367821.html

[3] See http://www.breitbart.com/article.php?id=CNG.e272eaa74dccc30f21c6ff7638b0f37b.461&show_article=1

[4] See http://news.yahoo.com/s/afp/20091006/ts_afp/commoditiesgoldmetalsprice_20091006144514

[5] See http://www.peterschweizer.com/

*Note: Schweizer’s book is a real eye-opener. The sections on ACORN are quite informative (Palin, 2009, ¶6).

Commentary

In five paragraphs, Governor Palin cuts to the core issues underpinning the need for energy independence. She supports her thesis with evidence and provides references to same. Out-of-control debt, weak dollar, high gold prices, high commodity and energy prices, global instability, scarce and rationed resources are all consequences of our addiction to foreign oil.

We must develop and use the resources we have here and that does not mean checking tire pressure (an Obama-ism), burning ethanol which requires more BTUs to produce than it outputs, or focusing on boutique alternatives. It means drilling in ANWR, and the Outer Continental Shelf. It means building refineries. It means having a single standard for gasoline — not a different additive for each state in the union with summer and winter blends for three or four grades of automotive gas. All these things can be done while preserving the environment. Today’s drilling is not the drilling of 30 years ago.

Obama is continuing three or four decades of failed energy policy. He promised “hope and change.” Energy independence is change we must embrace for our nation’s sake.

References

Palin, S.L.H. (2009, October 6). “Further Proof of the Need for Energy Independence.” Facebook, Sarah Palin. Retrieved October 6, 2009 from: http://www.facebook.com/note.php?note_id=148659543434

One Response to “Sarah Palin: Further Proof of the Need for Energy Independence”

  1. Peter Block said

    Two points are in order, especially after BHO winning the Nobel Peace Prize (?!!!), although unrelated to the issue at hand, energy independence.

    (1) When an idividual having done nothing to deserve it is given the US Presidency; when the same individual, without having done anything to deserve it is awarded the Nobel Peace Prize; both granted to this individual simply because of the color of his skin, America is indeed in deep trouble: meritocracy is gone.

    (2) With a Nobel PEACE Prize in hand, how can he take the necessary steps to successfully manage the wars in Iraq and Afghanistan? And how can he forcefully react to any possible future threats to the US?

    The Nobel Peace Prize was awarded in the past to M. Gorbachov largely as a reward for having destroyed the former USSR, and as a prelude by the Internationalists, ie, the supporters of “political globalization” to a New World Order. The key rationale for giving BHO the same Prize is for him to see to it that the USA goes the same way the USSR went.

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