BARTIROMO: SO AS A NATION WE NEED TO BE DOING EVERYTHING?

PALIN: WE NEED TO BE DOING EVERYTHING, AND PEOPLE NEED TO BE REALISTIC ALSO. AND THIS IS ALSO WHAT KIND OF SCARES ME ABOUT BIDEN AND OBAMA ALSO, IS IT SEEMS TO BE ALMOST A NAIVE NOTION OF THEIRS THAT WE CAN AUTOMATICALLY JUST JUMP RIGHT INTO A RENEWABLE SUPPLY OF ENERGY TO FEED HUNGRY MARKETS ACROSS OUR NATION WHEN THESE RENEWABLES ARE NOT YET PROVEN TO BE ECONOMIC NOR RELIABLE. WE'RE GOING TO BE IN A TRANSITION PERIOD FOR QUITE SOME TIME WHERE WE'RE GOING TO HAVE TO CONTINUE TO BE RELIANT ON CONVENTIONAL SOURCES OF ENERGY AS WE'RE WORKING ON THE RENEWABLES, AND WE CERTAINLY HAVE TO HEAD IN THAT DIRECTION ALSO. BUT IT'S GOT TO BE DOING EVERYTHING, EVERYTHING THAT WE CAN TO ALLOW THE DOMESTIC SUPPLIES, RENEWABLE AND NON-RENEWABLE, TO BE TAPPED, SOLUTIONS PLUGGED IN FROM BOTH THOSE ENDS, AND NOT JUST SKIP THE OIL AND THE GAS DEVELOPMENT AND THE COAL DEVELOPMENT ALSO THAT WE HAVE TO HAVE AS PART OF A COMPREHENSIVE PLAN. IT'S NAIVE TO THINK WE CAN GO RIGHT TO RENEWABLES AND THINK THAT'S EVER GOING TO WORK FOR OUR NATION TODAY AT THIS TIME.

BARTIROMO: LET ME ASK YOU ABOUT HOW YOU'RE REALLY PROTECTING PEOPLE'S ENVIRONMENT WITH THE TECHNOLOGY USED AND ALL THAT BEFORE I GET TO THAT LET ME ASK YOU ABOUT REALLY HOW MUCH POTENTIAL IS THERE BECAUSE SOME CRITICS SAY LOOK MAYBE THERE WAS OIL AND GAS THERE 20 YEARS AGO MAYBE IF WE STARTED A LONG TIME AGO IT WOULD HAVE BEEN OK BUT TODAY WE DON'T EVEN KNOW IF IT'S GOING TO YIELD THAT HOW VIABLE ARE THE FIELDS ON THE NORTH SLOPE IN TERMS OF EASING THE PRESSURE OF OIL AND GAS ON AMERICANS TODAY.

PALIN: WELL IT'S A NATURAL TO UNDERSTAND THAT AS MORE SUPPLY IS PRODUCED AND IS SUPPLIED TO THESE HUNGRY MARKETS PRICES WILL GO DOWN AND THAT'S A GIVEN THAT'S THE OLD SUPPLY AND DEMAND PRINCIPALS THAT CERTAINLY WORK BUT CRITICS ALSO SAY THAT 30 YEARS AGO THAT THE TRANS-ALASKA OIL PIPELINE WAS NOT GOING TO PRODUCE WHAT IT HAS PRODUCED TODAY IN FACT WE HAVE THE CRITICS FROM BACK THEN WHO HAD ANTICIPATED MINIMAL SUPPLY OF DOMESTIC ENERGY FLOWING THROUGH THE TRANS-ALASKA OIL PIPELINE THAT IS PRODUCED THREEFOLD WHAT HAD BEEN ANTICIPATED AND WHEN YOU CONSIDER THE GEOLOGY OF PRUDO BAY ANWR SOME OF THESE AREAS THERE OFFSHORE ALSO ALASKA CAN PRODUCE ENOUGH SUPPLY TO ALLOW TO A DEGREE SOME MORE ENERGY INDEPENDENCE FOR AMERICA YOU KNOW AND I LOOK AT THAT ARGUMENT THAT WHILE THERE MAY NOT BE ENOUGH TO AFFECT THAT TO SUCH A DEGREE AMERICA'S RELIANCE ON DIFFERENT ENERGY SUPPLIES AND I THINK WHEN ARE WE GONNA TRY THOUGH WHEN ARE WE GONNA TO BE ALLOWED TO START TAPPING INTO THE RESERVESTHAT WE KNOW ARE THERE GEOLOGISTS SEE THEM THERE AND THERE ARE MANY MANY UNEXPLORED AREAS WHERE WE ANTICIPATE HAVING MORE FINDS OF RESERVES THAT WILL PRODUCE MORE BUT I THINK SO WHAT IF WE'RE LOOKING NOW AND SAYING WE SHOULD HAVE DONE THIS 5 YEARS AGO WELL THEN LET'S DO IT TODAY AND 5 YEARS FROM NOW LET'S NOT LOOK BACK AND KICK OURSELVES FOR NOT ALLOWING THE SAFE, THE SECURE, THE ETHICAL DEVELOPMENTS THAT SHOULD BE ALLOWED TO TAKE PLACE TODAY.

BARTIROMO: BUT I MEAN HOW MUCH OF A RISK IS IT IN OTHER WORDS LET'S SAY HYPOTHETICALLY THAT THE FIELDS ARE NOT YIELDING WHAT'S PEOPLE EXPECTED HOW BIG OF A RISK IS IT TO GO IN AND JUST CHECK IT OUT?

PALIN: WELL WHEN YOU CONSIDER WHAT THE NEW TECHNOLOGY ALLOWS IN TERMS OF DIRECTIONAL DRILLING IN THE TINY FOOTPRINTS THAT ARE NEEDED NOW TO PRODUCE OIL AND TO PUMP THE GAS RESERVES ALSO IT IS NOT SUCH A RISK THAT IT CAN NOT BE TAKEN I AM CONVINCED OF THAT AND AMERICA NEEDS TO ALLOW I GUESS IF SOME CONSIDER A RISK THAT RISK TO BE TAKEN BECAUSE AGAIN IF WE DO NOT ALLOW THE DOMESTIC SUPPLIES OF ENERGY TO BE TAPPED WERE GOING TO BECOME MORE AND MORE RELIANT ON FOREIGN SOURCES OF ENERGY AND WE'RE A NATION AT WAR AND WE HAD BETTER NOT BE FIGHTING OVER ENERGY SUPPLIES FROM FOREIGN COUNTRY AND DANGEROUS REGIMES THAT DO NOT LIKE AMERICA WHEN YOU CONSIDER WHAT ALASKA HAS TO OFFER

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