Oil prices are surging and Americans are feeling the pain at the pump as the rebellion in Libya has caused oil prices to surge to a two-year high, moving above $106 a barrel.
Weekly gas prices increased 6 percent last week, according to the Department of Energy and the national average is $3.38 per gallon, an increase of 19 cents from the previous week and 68 cents from the previous year.
As concerns about oil prices continue to increase, so has discussion about opening up the nation’s petroleum reserve. On Saturday, Sarah Palin appeared on Justice with Judge Jeanine and the Judge asked Palin if tapping into the strategic oil reserves was the right thing to do.
Palin said, “That’s not the solution. The solution is to drill here and drill now. And the Obama anti-oil agenda has got to be stopped. Now he needs to realize that back in ‘08 our US crude also was traded at about $100 a barrel as it is today for about 6 months and that was right before our world economy imploded. And now here we are back again. So his timing, his destructive timing of locking up 97% of our offshore, not allowing ANWR to be touched, not allowing domestic drilling to take place to the degree that it should, it is terrifying where he is leading us in terms of being at the mercy of foreign regimes that would seek our demise to produce energy for us.“
Judge Jeanine then asked Palin if her response was drill, baby, drill.
Palin replied, “It is—it’s drill, baby, drill because we have these God-given resources here and we have the man power and we have the ingenuity to be energy independent. Right above our Arctic circle, we have 90 billion barrels of technically recoverable oil. We have hundreds of trillions of cubic feet of clean green natural gas . God has provided these for us. It is our responsibility to responsibly tap into them and use them for mankind and not rely on foreign regimes to do it for us.”
As published on Examiner.com