IBD: Power to Spare, the Palin Way

From Investors Business Daily

As Palin jousts with Biden on energy independence, the government reports that we lead the world in energy reserves. From oil to gas to coal, we are sitting on prosperity. So why are we importing anything?

One of the interesting sidelights of the NY-23 race was an exchange on energy independence between Vice President Joe Biden and the former governor of energy-rich Alaska, Sarah Palin. Biden, who came in to campaign for Democrat Bill Owens, was reminded of the issue of energy.

"The fact of the matter is that Sarah Palin thinks the answer to energy was 'Drill, baby, drill,'" Biden said at an Owens fundraiser, referring to Palin's own campaign slogan last year. "No, it's a lot more complicated, Sarah, than 'Drill, baby, drill.'"

Actually, it's not, according to a new report produced by the Congressional Research Service, hardly an outpost of the vast right-wing conspiracy or on the payroll of Big Oil. The report says that if all our energy resources are added up and converted to a barrels of oil equivalent (BOE), the U.S. has the largest reserves in the world.

[.....]

Alaska's Chukchi Sea, part of the designated habitat, holds more oil and gas than anyone thought — 1,600 trillion cubic feet of undiscovered gas, or 30% of the world's supply and 83 billion barrels of undiscovered oil, 4% of the estimated global resources.

[.....]

In her Facebook response to Biden, Gov. Palin noted Biden "cast one of only five votes against the Alaskan pipeline that has produced more than 15 billion barrels of oil, supplied nearly 20% of the nation's oil, created tens of thousands of jobs (and) added hundreds of billions of dollars to the U.S. economy."

There's more out there not only in the Chukchi Sea, but also locked in Rocky Mountain shale and under the Outer Continental Shelf. Sadly, the report stated that the U.S. has tapped into only 13%, or 21 billion barrels of its oil reserves, with the other 87% still untouched. Drill, Joe, drill.

Read the whole thing here

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Quit Making Things Up: Joe Biden

(H/T Joshua Livestro (C4P) for all your help)

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Sarah Palin: Response to Vice President Biden's Comments Today About My Position On Energy Independence

Via Facebook

As the vice president knows, I have always advocated an all-of-the-above approach to American energy independence. Among other things, my alternative energy goal for Alaska sits at 50 percent because Alaska reached more than 20 percent during my term in office. The Obama-Biden administration, on the other hand, recently announced a renewable goal of only 25 percent. However, domestic drilling should remain a top priority in order to meet America’s consumption and security needs.

The vice president’s extreme opposition to domestic energy development goes all the way back to 1973 when he opposed the Alaska pipeline bill. As Ann Coulter pointed out, “Biden cast one of only five votes against the pipeline that has produced more than 15 billion barrels of oil, supplied nearly 20 percent of this nation’s oil, created tens of thousands of jobs, added hundreds of billions of dollars to the U.S. economy and reduced money transfers to the nation’s enemies by about the same amount.”

This nonsensical opposition to American domestic energy development continues to this day. Apparently the Obama-Biden administration only approves of offshore drilling in Brazil, where it will provide security and jobs for Brazilians. This election is about American security and American jobs.

There’s one way to tell Vice President Biden that we’re tired of folks in Washington distorting our message and hampering our nation’s progress: Hoffman, Baby, Hoffman!

- Sarah Palin

The Governor responded to this, from abcnews

Campaigning in an upstate New York congressional district, Vice President Joe Biden today attacked his one-time opponent, Sarah Palin, who has led a succession of big-name Republicans in backing the candidacy of the Conservative Party nominee.

"Sarah Palin thinks the answer to energy is ‘Drill, baby, drill,' " Biden said at a rally this afternoon. Then he leaned in to the microphone: "It's a lot more complicated, Sarah."

Here's the Video from ABC

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