Palin Wants Oil & Gas Incentives Not Windfall Profits Tax

John McCain’s running mate, Alaska Governor Sarah Palin, comes from an oil and gas rich state that allowed her to sign legislation late last month providing residents with major relief from high energy bills. Under the measure, the state suspended its motor fuels tax and is set to pay each resident a check for $1,200 to help cover higher energy costs. Palin also declared September “Energy Efficiency Month” in Alaska. “Conserving energy and using it more efficiently doesn’t necessarily mean you have to sacrifice your quality of life,” she said. Palin pointed out that people can accomplish a lot just by turning off unused lights, appliances, and computers and slowing down when they drive. Earlier in August, Palin praised Barack Obama’s energy plan, which calls for completing a natural gas pipeline to the lower 48 states from Alaska and producing more oil and gas in the state. However, Palin questioned his plan to levy a windfall profits tax on oil and gas companies, saying she preferred to offer them incentives to reinvest in producing more energy. Upon accepting the vice presidential nomination of her party, Palin pledged to “lay more pipelines, build more nuclear plants, create jobs with clean coal, and move forward on solar, wind, geothermal, and other alternative sources.” Increasing American production will make the nation less dependent on foreign sources and boost the economy, he explained. “She has favored drilling in the Alaska National Wildlife Refuge and offshore,” said Mike Tanner, Cato Institute senior fellow. “Her husband worked on an oil rig offshore. She comes from a blue collar background.” Her support for more drilling to meet the nation’s energy needs is consistent with McCain’s call for opening up new areas to energy production. Tanner said Palin “leans in a small government direction,” meaning she would eliminate red tape for business. In a symbolic show of support for small government, Tanner noted, “she sold the state airplane on E-Bay” when she was elected governor in Alaska.

Over 11K Stories!

| Independently Powered Energy News

Palin Wants Oil & Gas Incentives Not Windfall Profits Tax

vdharadmin

Related Posts

DWR Given Lead on Managing Summer Energy Landscape

Bills Pass that Move the Needle on Non Fossil Energy Pass

California Falls Behind on Climate Protection

Smattering of Bills Win Lawmakers Approval