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Fiduciary Fee-Only Financial Planner | Investment Advisor in Wall, NJ

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Oil Drilling In Alaska Could Be the Solution America Needs

June 26, 2008 by Thomas Mullooly

Alaska’s Governor Sarah Palin is the youngest governor in Alaskan history — and — the first woman governor of Alaska. Palin was recently interviewed by Larry Kudlow, who is a terrific economist. Larry hosts a radio show on Saturday mornings in New York on WABC (“The Larry Kudlow Radio show”). I have called in and spoken with Larry on several occasions.

During the interview, Palin and Kudlow spend time talking about how to relieve the enormous demand for oil here in the United States by tapping the reserves found in the Arctic Natural Wildlife Reserve also known as ANWR.

Did you know that the area in question in ANWR is roughly 2000 acres — about the size of LAX (Los Angeles International Airport)? This is the area that is located just east of Prudhoe Bay in Alaska’s North Slope…which happens to be North America’s largest oil field and accounts for nearly 17% of all US oil production.

One of the big hurdles is it will take five years to get oil from that area to your corner gas station. It’s a shame so much time is being wasted — we are all paying the price now at the pump. In her interview, Paling claims there are billions of barrels of oil and trillions of cubic feet of natural gas sitting there waiting for us to use.

Click here to read the interview. I think you’ll enjoy it.

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Filed Under: Asset Management

About Thomas Mullooly

Thomas Mullooly is owner and founder of Mullooly Asset Management, Inc. In 2002 Tom opened Mullooly Asset Management, a fee-only investment advisory firm. As an investment advisor, and not a broker, Tom works strictly for his clients. With the help of point and figure charting, Tom builds a realistic game plan for clients.

1971 State Route 34, Suite 102
Wall Township, NJ 07719

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The information on this website and blog do not involve the rendering of personalized investment advice. A professional advisor should be consulted before implementing any of the options presented. None of the content contained in this website should be construed as legal or tax advice. Always consult an attorney or tax professional regarding your specific legal or tax situation.

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