CNBC Press Releases

PALIN: ABSOLUTELY SIGNIFICANT, AND WE ARE PUTTING HUNDREDS OF MILLIONS OF DOLLARS ALSO INTO THE RENEWABLE SOURCE OF ENERGY TRYING TO FIND SOLUTIONS THERE ALSO, CAUSE AS YOU POINT OUT, IT'S GOING TO TAKE EVERYTHING TO GET AMERICA MORE SECURE AND MORE ENERGY INDEPENDENT. ITS NOT JUST GOING TO BE RAMPED UP OIL AND GAS PRODUCTION, SO WE ARE PUTTING OUR MONEY WHERE OUR MOUTH IS THERE ALSO, AND TAPPING INTO THE GEOTHERMAL POTENTIAL AND THE TITLE POTENTIAL, THE WIND POTENTIAL THAT WE HAVE HERE IN ALASKA. WE ARE TRYING TO DO ALL THINGS AT ONCE. SHORT TERM AND LONG TERM SOLUTIONS THAT WE ARE PLUGGING IN. SHORT TERM SOLUTION ALSO, ALASKA IS VERY BLESSED WHERE WE HAVE A STATE SURPLUS RIGHT NOW BECAUSE OF THAT HIGH PRICE OF A BARREL OF OIL. ITS A DOUBLE-EDGED SWORD. OUR STATE REVENUE, OUR COFFERS ARE SWELL, BECAUSE THE PRICE OF OIL IS SO HIGH, BUT ITS JUST DECIMATING SOME OF OUR COMMUNITIES AND SOME OF OUR FAMILIES AS THEY ARE PAYING SOME OF THESE OUTRAGEOUS PRICES FOR FUEL. SO AS OUR STATE COFFERS GROW THOUGH WE ARE WISE TO PUT THAT MONEY IN THE BANK, WISELY SAFE IT AND INVEST IT FOR WHEN THE PRICE OF A BARREL OF OIL ISN'T SO HIGH, BUT AT THE SAME TIME, TAKING SOME OF THAT SURPLUS INVEST IT IN THESE RENEWABLE PROJECTS THAT WE BELIEVE WILL BE PRODUCTIVE AT SOME POINT DOWN THE ROAD HERE IN THE FUTURE AND THE SAME TIME, BECAUSE AGAIN ALASKANS OWN THE RESOURCES WE DERIVE REVENUE OFF THESE RESOURCES WE HAVE A SURPLUS RIGHT NOW. WE ARE ALLOWING A LOT OF THAT REVENUE TO BE SENT BACK TO ALASKANS, INDIVIDUAL ALASKANS, THEY GET THAT THROUGH A PERMIT FUND DIVIDEND CHECK AND THEY GET IT THROUGH AN ENERGY REBATE IN A COUPLE OF WEEKS THEY WILL BE RECEIVING THAT CHECK. THEY ARE THE ONE WHO THE RESOURCES, AND ALSO, THEY CAN SPEND SURPLUS DOLLARS BETTER THAN GOVERNMENT CAN EVER SPEND IT, SO WE ARE SENDING THAT MONEY BACK TO THE PEOPLE.

BARTIROMO: QUESTION UNINTELLIGIBLE

PALIN: WHEN YOU CONSIDER THE PRICES THAT ARE PAID AT THE PUMP HERE TOO, AS THEY ARE IN THE REST OF THE US, PEOPLE ARE STARTING TO ASK WHY IS IT? THEY'VE BEEN ASKING IT THOUGH I THINK SINCE THE PRICE OF GAS HIT THE FOUR MARK. THEY ARE ASKING WHY IS IT THAT WE DON'T HAVE MORE SUPPLY FLOWING INTO THESE HUNGRY MARKETS, AND THEN AS MORE AND MORE PEOPLE REALIZE, YOU KNOW THAT 49TH STATE ALASKA, WE ARE READY, WILLING AND WE ARE ABLE TO SUPPLY MORE AND NATURALLY, A GREATER SUPPLY IS GOING TO HELP IN THESE MARKETS, DECREASE THESE PRICES. MORE AND MORE CONSITUATINS ACROSS THE NATION ARE STARTING OUT PRESSURE ON CONGRESS TO ALLOW THE DEVELOPMENT UP HERE IN ALASKA, THAT WE WERE SUPPOSED TO HAVE BEEN ALLOWED YEARS AGO. WE ARE A YOUNG STATE, THIS IS OUR 50TH ANNIVERSARY OF STATEHOOD, WHEN WE BECAME A STATE, WE ASKED THE FEDERAL GOVERNMENT LET US INTO THE UNION AND WE WILL BE AS SELF-SUFFICIENT AS POSSIBLE AND THE FED SAID YUP, COME ON IN, YOU WILL BE OUR 49TH STATE AND YOU WILL BE AS SELF-SUFFICIENT AS POSSIBLE. AND YOU HAVE TO DO THAT BY DEVELOPING THOSE GOD GIVEN RESOURCES THAT YOU HAVE IN ALASKA AND EVEN BACK THEN, 50 YEARS AGO, THERE WAS RECOGNITION OF THE WEALTH IN ALASKA, IN TERMS OF THE PETROLEUM, INTERIMS OF OUR MINERALS. THERE IS SO MUCH HERE TO OFFER, WELL FOR 50 YEARS WE HAVE BEEN FIGHTING THE FEDERAL GOVERNMENT, WE HAVE BEEN SAYING OK, WE WANT TO UPHOLD OUR END OF THE BARGAIN, LET US DEVELOP, UNLOCK THE LANDS UP HERE. AND IT IS STILL A CONSTANT STRUGGLE, WHETHER WE ARE EVER GOING TO BE ABLE TO OR NOT, BUT AS ALASKA HAS RELIED ON THE FEDERAL GOVERNMENT THEN TO PAY OUR BILLS FOR US, DESPITE THE HUGE AMOUNT OF WEALTH THAT WE HAVE HERE IN OUR NATURAL RESOURCES, WITH CHANGES IN CONGRESS, I THINK WITH CHANGES ON THE PRESIDENTIAL LEVEL ALSO, MORE PEOPLE ARE GOING TO RECOGNIZE ALASKA, YOU CANNOT BE SO RELIANT ON THE FEDERAL GOVERNMENT AND THE REST OF AMERICA TO PAY YOUR BILLS FOR YOU, YOU ARE GOING TO HAVE TO BECOME MORE SELF RELIANT. SO YEAH, NOW IS TIME TO START UNLOCKING YOUR LANDS, DEVELOP YOUR RESOURCES AND AT THIS TIME IN ALASKA, AND EVERYTHING IS ALWAYS ABOUT TIMING, IT IS PERFECT TIMING. WE ARE READY, WE ARE WILLING, WE ARE ABLE. WE ARE PROVING TO THE REST OF THE NATION THAT WE WILL HAVE THE SAFE, AND THE SOUND, AND THE ETHICAL DEVELOPMENTS AND THAT OVERSIGHT THAT'S NECESSARY TO ALLOW THE REST OF THE NATIONS TO SAY, OK, WE BELIEVE YOU ALASKA, YOU ARE GOING TO DO THAT RIGHT. AND WHAT WE HAVE DONE IN THE TWO YEARS THAT WE HAVE BEEN IN OFFICE HERE, MY ADMINISTRATION, CREATING THIS OFFICE JUST FOR PETROLEUM AND AND PIPELINE INTEGRITY AND HAVING INSPECTORS GO UP ON THE NORTH SLOPE AND MAKE SURE THAT THERE IS THE OVER SOUGHT. NOT JUST RELIANT ON THE BIG OIL COMPANIES TELLING US THAT THEY ARE PRUDENT AND THAT THEY ARE SAFE, BUT WE HAVE OUR OWN PEOPLE NOW UP ON THE NORTH SLOPE INVESTIGATING AND INSPECTING, MAKING SURE THAT AGAIN WE CAN PROVE TO THE REST OF THE NATION THAT THIS IS GOING TO BE SAFE DEVELOPMENT.

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