Palin Right on Alaska Oil Supply, Left Wrong as Usual
By 186 on Sep 19, 2008
Think Progress wrong again.
Excerpts: Gibson Interviews Sarah Palin
GIBSON: But this is not just reforming a government. This is also running a government on the huge international stage in a very dangerous world. When I asked John McCain about your national security credentials, he cited the fact that you have commanded the Alaskan National Guard and that Alaska is close to Russia. Are those sufficient credentials?PALIN: But it is about reform of government and it’s about putting government back on the side of the people, and that has much to do with foreign policy and national security issues Let me speak specifically about a credential that I do bring to this table, Charlie, and that’s with the energy independence that I’ve been working on for these years as the governor of this state that produces nearly 20 percent of the U.S. domestic supply of energy, that I worked on as chairman of the Alaska Oil and Gas Conservation Commission, overseeing the oil and gas development in our state to produce more for the United States.
TAPS carries approximately 17 percent of the nation’s domestic oil production and has transported more than 15 billion barrels of crude oil.
Since its start-up in 1977, the Alaska pipeline has carried more than 15 billion barrels of oil to the lower-48 states. Today, Alaska provides almost 17 percent of domestic U.S. oil production, according to the Alyeska Pipeline Service Company.
Technorati Tags: palin, oil, nutroots, oil supply, gibson
Wilco278 | Sep 19, 2008 | Reply
The 17% value is a couple years old. In 2005 it was 16.7%, in 2007 it was 14.3%. Given current production trends, 2008 will probably end up around 14.1%.
186 | Sep 19, 2008 | Reply
Alaska today supplies nearly 17 percent of the United States’ domestic crude oil production. Revenues from oil production and transportation provide approximately eighty percent of funding for the state government in Alaska. In addition, a specially dedicated account funded by oil revenues, the Permanent Fund, has a balance of over $22 billion.
Updated: May 8, 2008