The drill-down on Sarah Palin
John McCain's running mate supports drilling but she has also tangled with Big Oil.
By Telis Demos, writer-reporter
Last Updated: August 30, 2008: 3:18 PM EDT
(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.
Palin reached the Alaska statehouse in 2006 after trouncing incumbent governor Frank Murkowski, patriarch of one of Alaska's powerful political families, in the Republican primary. The former high-school basketball star, beauty queen, commercial fisherman, and mayor of Wasilla (population 8,471) ran on one big issue: Exploiting her state's billions of dollars worth of natural gas on Alaska's terms, not on the oil companies' terms...(cont...)
Sarah Palin backs drilling but has tangled with Big Oil. - Aug. 29, 2008