Governor Palin: “It’s Going to Be the Independent Producers, the Explorers that We Want Out there Creating Jobs that are Going to be Hit With an End of Subsidy”

Courtesy of the Right Scoop:

Here’s what she said about gas prices, energy, and oil subsidies:

Palin: The gas prices have increased 67% since Obama took over and instead of doing everything in his power to decrease those prices by allowing more domestic supply of oil which would translate into obviously more supply of gasoline too, he instead is heading the other direction. He’s over there asking the Saudis and other Arab nations to ramp up production so that we can purchase from them. That makes absolutely no sense because there goes our jobs, our opportunities, our money into foreign lands. We could be having that circulated here and that would boost our economy.

Here’s where we need to go there nationally because this is what I did as Governor of Alaska, which obviously is an energy producing state. You need to crack down on Big Oil, making sure that they’re not writing off through tax loopholes. As for the government subsidies that we’re hearing Obama flirting with right now in wanting to decrease those or eliminate those, we’re only talking about four billion dollars. Compare that to the fourteen trillion dollar debt that he, our President, has certainly contributed to and four billion dollars is a drop in the bucket and he shouldn’t assume that the four billion dollars is going to affect Big Oil. No, it’s the independent explorers that we want out there with their entrepreneurial spirit and their manpower and their job creating ability to be out there exploring and responsibly exploiting and extracting our god-given natural resources.

You have no idea how large an entity these big oil companies really are when it comes to lobbying for what’s best for their bottom line and they’re capitalists. You know, they’re doing what their shareholders, their stakeholders are demanding of them. These CEOS of big oil companies, they’re saying look out for our bottom line, take as much as you can, and leave as little behind. That’s their job if you will.

You have to remember that President Obama, and I’m going to say this with all due respect to the office of the Presidency, he doesn’t know what he’s doing when it comes to energy. He does not know, as I just pointed out, that the four billion dollars that he thinks he’s gonna stick it to Exxon, BP, Conaco Phillips that no, it’s going to be the independent producers, the explorers that we want out there creating jobs that are going to be hit with an end of subsidy.

You know, I don’t think that there is as big a split as maybe some want to make it out to be. We have to make there isn’t the crony capitalism and corporatism. We have to make sure there aren’t the loopholes in there that only the big companies that can afford the attorneys and lawyers to get themselves through the loopholes that they exist. We have to make sure those loopholes are closed. I’m all for that.



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