August 30th, 2008
10:03 AM ET
6 years ago

CNNMoney.com: The drill-down on Sarah Palin

John McCain's running mate supports drilling but she has also tangled with Big Oil.
John McCain's running mate supports drilling but she has also tangled with Big Oil.

(Fortune) – Within hours of Senator John McCain picking Alaska Governor Sarah Palin as his running mate, the talking heads of CNBC had coined a new term: "Palinomics." In a nutshell, the doctrine stands for expanding the search for domestic oil and gas as a solution to the energy crisis.

But while Palin might be a proponent of more drilling in Alaska, she's hardly a patsy of the oil industry. One theme at the Democratic convention was Republicans' cozy relationship with Big Oil. As Al Gore put it Thursday night, the industry has been "drilling [the GOP] for everything it's worth." But whatever you think of such a statement, it would be hard to say that about Sarah Palin.

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Filed under: CNNMoney.com • Energy • John McCain • Sarah Palin
soundoff (36 Responses)
  1. James Carville

    This move really sent chill down the democratic spine.
    Look at their reactions… people are just scrambling for words.
    Already there was a goof-up by Obama camp in their initial reactions on this VP pick.

    it is gonna be McCain

    August 30, 2008 12:24 pm at 12:24 pm |
  2. Emiel

    "She's hardly a patsy of the oil industry" says CNN. How in the world can anyone reach this conclusion? Fact of the matter is that we are using 25% of world oil production while we only have 3% in our own soil. No calculator needed, more drilling is not going to pull off that trick.

    And who knows on which subjects Palin disagrees with Bush? As far as I can see we know have a ticket of 90% Bush + 100% Bush. That's the same we can believe in...

    August 30, 2008 12:24 pm at 12:24 pm |
  3. David

    To Mike Dallas. Why don't you dig up Obama's past and post it like you did for Mrs. Palin. Don't Forget your man has some shady ties that would make Mrs. Palin look like Mother Teresa.

    August 30, 2008 12:41 pm at 12:41 pm |
  4. Frank

    Just an observation: they talk about how her foreign policy/executive credentials include that she controls the Alaskan National Guard. #1 How many Alaskans are even in the National Guard and how many are deployed overseas right now? I'll be she hasn't controlled much in her two years as governor considering they're probably mostly in Iraq...

    And her son is going to Iraq? That gives her foreign policy experience? Please...

    August 30, 2008 12:53 pm at 12:53 pm |
  5. We all fall down

    We all fall down and worship the beast. T Rex, become oil, become our God.

    My son was watching the stock ticker as her pick was announced and the oil prices shot up.

    Now CNN decides to air the story that China made an oil deal with Iraq, but if you check foreign news sites this was reported two days ago prior to Obama's speech.

    Timing the news to explain the surge on Wall Street?

    August 30, 2008 12:53 pm at 12:53 pm |
  6. We all fall down

    Also, they have not yet reported on Russia's sucessful test of an ICBM designed to evade our missle defense systems that we are setting up in Europe. Also happened prior to Obama's speech.

    August 30, 2008 12:54 pm at 12:54 pm |
  7. Ryan

    McCain-Palin '08
    -190% Bush.

    August 30, 2008 12:56 pm at 12:56 pm |
  8. nathan from CA

    with mcCains history this might turn into a McCain/McCain ticket

    August 30, 2008 03:06 pm at 3:06 pm |
  9. w.l. jones

    As for drilling for more oil my unstaning a certain oil company have had oil well cap before the turn of the century. So do your home work before sprout off in uncharted water.

    August 30, 2008 03:07 pm at 3:07 pm |
  10. Vic

    I'm a registered republican. Out of all the experienced republicans out there, how can Mr. McCain pick Palin as his VP? This is an insult to women, the republican party and to the American people. This shows poor judgment by Mr. McCain. I think this is a wake up call for all americans to rise above partisan politics and elect Obama/Biden 08. I'm voting a democrat as our president for the first time.

    Go America! Obama/Biden 08

    August 30, 2008 03:08 pm at 3:08 pm |
  11. D-MI

    Uh, yeah we democrats are scared:

    This woman is now about two really bad events away from being president. The first is if they win, the second is not if but when McCain croaks. He might make it through a first term. He WON'T make it through a second.

    ALL American's should be a little scared.

    Do you really want THIS person running the country?
    I surely don't. I wouldn't if she were a Democrat, Independent, or anything else. She seems to have come to her current position through dumb luck and good looks.

    And by the way: of COURSE she's in the pocket of big oil. As an Alaskan resident, she stands to profit from further oil drilling. As a politician from that state, she's stands to boost her state's economy by BILLIONS. Personal profit AND makes you look good politically? All perfectly legal?

    Come on people, think...

    Palin looks like George Bush in skirt to me. I wonder if American's will be stupid enough to elect another pair of big business / oil (wo)men again...

    August 30, 2008 03:21 pm at 3:21 pm |
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