I AM DISMAYED THAT LEGISLATION HAS AGAIN BEEN INTRODUCED in Congress to prohibit forever oil and gas development in the most promising unexplored petroleum province in North America -- the coastal plain of the Arctic National Wildlife Refuge, in Alaska.
Let's not forget: Only six months ago, oil was selling for nearly $150 per barrel, while Americans were paying $4 a gallon and more for gasoline. And today, there is potential for prices to rebound as OPEC asserts its market power and as Russia disrupts needed natural gas to Europe for the second time in three years.
As I traveled throughout the country campaigning for vice president, I was glad to hear politicians, including Barack Obama, promise that "everything was on the table" to address America's great challenges. I also found that when Americans were apprised of the facts, most people became supporters of responsible oil and gas drilling in Alaska. So, I want to remind our national leaders of this promise and make the case against this legislation...
Energy-producing countries are rapidly gaining world power. Several of these countries have objectives and value systems that are antithetical to U.S. interests.
Washington politicians should be horrified as we become increasingly dependent on these insecure, foreign sources while our U.S. petrodollars finance activities that harm America and our economic and military interests around the world.
If we don't move now to enact a comprehensive energy policy that includes domestic oil and gas production, including ANWR, we will look back someday and regret that we failed to perceive a critical crossroads in the history of America. It's not overly dramatic to say our nation's future depends on the decisions made by the federal government over the next few months.
These few paragraphs are only the opening and closing remarks of the governor's argument. Read her complete commentary here.