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This is Google's cache of http://www.gov.state.ak.us/news.php?id=1384. It is a snapshot of the page as it appeared on Aug 28, 2008 01:01:30 GMT.

<title>Alaska Governor Sarah Palin</title> <meta name="description" content="The official website of Alaska Governor Sarah Palin. The latest news, events, photos, audio/video and speeches online."> </head>

Palin Pleased with Obama's Energy Plan
Includes Alaska's Natural Gas Reserves
</span>
No. 08-135</p>

August 4, 2008, Fairbanks, Alaska - Governor Sarah Palin today responded to the energy plan put forward by the presumptive Democratic nominee for President, Illinois Senator Barack Obama.

“I am pleased to see Senator Obama acknowledge the huge potential Alaska’s natural gas reserves represent in terms of clean energy and sound jobs,” Governor Palin said. “The steps taken by the Alaska State Legislature this past week demonstrate that we are ready, willing and able to supply the energy our nation needs.”

In a speech given in Lansing, Michigan, Senator Obama called for the completion of the Alaska natural gas pipeline, stating, “Over the next five years, we should also lease more of the National Petroleum Reserve in Alaska for oil and gas production. And we should also tap more of our substantial natural gas reserves and work with the Canadian government to finally build the Alaska natural gas pipeline, delivering clean natural gas and creating good jobs in the process.”

Governor Palin also acknowledged the Senator’s proposal to offer $1,000 rebates to those struggling with the high cost of energy.

“We in Alaska feel that crunch and are taking steps to address it right here at home,” Governor Palin said. “This is a tool that must be on the table to buy us time until our long-term energy plans can be put into place. We have already enjoyed the support of Alaska Senator Ted Stevens, and it is gratifying to see Senator Obama get on board.”

The Governor did question the means to pay for Obama’s proposed rebate — a windfall profits tax on oil companies. In Alaska, the state’s resource valuation system, ACES, provides strong incentives for companies to re-invest their profits in new production.

“Windfall profits taxes alone prevent additional investment in domestic production. Without new supplies from American reserves, our dependency and addiction to foreign sources of oil will continue,” Governor Palin said.

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<a target="" href="/large_photo.php?id=184"><img src="/photos/johnkatzaward01_small.jpg" border="1" alt="Thanking John Katz"></a>

Photo archive: Gov. Sarah Palin and other Alaska political leaders of the past and present gathered in Anchorage on August 20 at a luncheon banquet honoring John Katz, director of her Washington, D.C. office, on the occasion Wednesday of his being named the fourth-ever recipient of the “Walter J. Hickel Award for Distinguished Public Service” from Commonwealth North. They included (L-R) U.S. Sen. Ted Stevens, Gov. Sarah Palin, Sherry Spurlock Katz, John Katz, former Gov. Wally Hickel, and federal Judge John Sedwick). <nobr><a href="http://gov.state.ak.us/large_photo.php?id=184" class="caption">Enlarge ></a></nobr>
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