Right. And do you have any idea how small a share of total royalty revenue is accounted for by the reserves that they started drilling thanks to her?
That fact of the matters that under Palin, state revenues doubled in 2008.
Yeah, because oil prices went up. Are you saying she was responsible for oil getting up to over $120 a barrel in 2008?
There is no other governor in the United States who can make those claims.
That's because no other governor was lucky enough to have such a large amount of oil production in his state while oil prices were going up as fast as they did in 2008.
Are you aware that she DOUBLED state revenues in 2008, and had 93% approval ratings, which was higher than any governotr in the country?
And that this was at a time, when Bush's ratings were in the pits, Republicans were losing elections all o0ver the country, and Republicans couldn't be elected dog catcher?
“Yeah, because oil prices went up.”
The price of oil had gone up before, but then there wasn't a single oil producing state in the country, where they managed to actually DOUBLE state revenues in 2008. Not Texas, not Oklahoma, not anywhere.
” Are you saying she was responsible for oil getting up to over $120 a barrel in 2008?”
First of all, crude oil prices fell sharply in 2008:
http://www.mongabay.com/images/commodities/charts/crude_oil.html
Secondly, Sarah Palin doubled state reveues because after she took power, she
“immediately set about implementing a new system of splitting the oil profits, in a program called “ACES.” Exxon, the world’s largest corporation, protested—but their good old boys weren’t there anymore. They assumed they could walk all over Palin, so they threatened to take their rigs and tankers and leave. She called their bluff, saying, in effect, “Don't let the door hit you in the stern on your way out.”
Exxon stayed, and the other oil companies fell meekly in line. “
This is why Alaska's state revenues doubled while other oil producing states never did.
Get it?