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September 04, 2008
Sarah Palin will Shake- up Environment Policy in the US
Posted by jennifer, at 09:09 PM
Americans will go to the elections in November and the Republican Presidential nominee, John McCain, has chosen a woman who believes in hunting wildlife and drilling for oil in Alaska as his running mate.
Hunting and drilling in wilderness areas are issues that many politicians in the western world tend to shy away from or actively reject, but not Palin.
According to Larry Kudlow, writing for the National Review Online, Palin knows more about energy policy than McCain, Obama, or Biden and she knows that there is a lot of oil under Alaska and she believes that the expectation it can be exploited will bring the price of petrol down.
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Sarah Palin has the Energy Answer
By Larry Kudlow, National Review Online
September 3, 2008
http://article.nationalreview.com/?q=NzYyMmU0ODE1ZjFlMjZkODcwNTdiOTgzYjI4ODdlYWI
Hat tip to Benny Peiser for the link.
Posted by jennifer at September 4, 2008 09:09 PM
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Comments
The price of petrol has more to do with the policies of monetary credit expansion than the scarcity, (of petrol), per se.
Posted by: Louis Hissink at September 4, 2008 09:20 PM
The US can lead the world with renewables but until that's possible it makes no sense going broke in the interim.
Posted by: spangled drongo at September 4, 2008 09:42 PM
Louis, I only partly agree. As far as I can see four things are driving oil prices:
1) availability - supply of easy access has diminished but not necessarily the overall amount. Prices up because of increased cost to produce.
2) Low interest rates - low rates make investors look for new and lucrative sources for investing. We lurch from one bubble to the next anyway, but speculating in commodities cause price increases. Prices up because of increased cost due to investment speculation. [your monetary/credit expansion.]
3. Green policies that restrict drilling, trans-shipping [pipelines and storage in particular] and production [drilling and refining.] Prices up because of increased cost due to policy decisions that restrict supply.
4. Adding taxes aimed at just raising the prices to induce conservation. [Prices up self evident cause.]
Notice I did not say "peak" oil.
Posted by: CoRev at September 5, 2008 02:26 AM