• PALIN: Yes. House Speaker Boehner has been up here, Michele Bachmann. Quite a few of the Republicans have come up here, wanting to see for themselves so they can make decisions that aren't based on politics but are based on the science involved in drilling. They've been up here.

    VAN SUSTEREN: All right. Because, you know, it makes a difference to me seeing it, and so I think whether someone's for it or against it who makes the decision in Congress, it certainly would help to have someone come up and just take a look at it.

    PALIN: Absolutely. I mean, you make your informed decisions when you're there. You're on the ground. You're actually seeing what it is that you've been led to believe.

    VAN SUSTEREN: And it's sort of interesting. Now we're the victims of rain in -- down in southern Alaska right now. It's raining on us!

    PALIN: Yes. Yes. It's not snowing yet!


    VAN SUSTEREN: ... actually quite beautiful in ANWR. There was sun. It was warm. We took off our jackets. The weather was so different there today.

    PALIN: It was relatively warm today. Keep in mind, nine months out of the year, it is pretty much frozen solid. It's dark 24 hours a day for three of those months. It is -- it's just bathed in pure white snow and ice for nine months out of the year.

    VAN SUSTEREN: How much oil is in ANWR? Do we know?

    PALIN: There are billions of barrels in ANWR. The reservoirs have proven to be quite rich. However, all the details about the amounts in there, they're locked up in a couple of federal agencies and state agencies offices where the oil companies have those confidential pieces of information. The public isn't privy to all that.

    VAN SUSTEREN: Well, it seems to me when making a decision about whether to drill in ANWR, we need to make a decision about whether we need the oil, how much is there, to what extent it matters to national security, whether there's a secure -- a safety risk, you know, whether (INAUDIBLE) spill and how it will affect the animals, right? Is there anything else to consider?

    PALIN: No question at all that we do need the oil -- we can answer each one of those questions absolutely -- instead of relying on foreign sources of energy. Alaska used to contribute -- about one in every four barrels of oil that was provided to the U.S., Alaska used to produce that. Now we're down to about one in every six barrels, and America's becoming more and more dependent on foreign sources. And yet Warehouse (ph) (INAUDIBLE) North Slope and in ANWR and NPRA are those rich resources in hydrocarbons.

    VAN SUSTEREN: Do we have a sense of how much oil is left in the Prudhoe Bay area that's now being drilled?

    PALIN: There are still billions of barrels up in Prudhoe, and new technology is allowing safer, more -- more extraction than had ever been expected 30 years ago, when Prudhoe was first developed. So there's a lot more oil still up there. However, our pipeline is diminishing in amount of that flow that's going to the rest of the U.S. We need more oil in there. The only way we do that is for the feds to allow unlocking of the lands that they have chosen to lock up.

    VAN SUSTEREN: Unless the oil companies aren't drilling and somehow withholding on the amount of oil that's going through, which, of course, affects the supply, which affects the price, which affects the bottom line for corporations.

    PALIN: And that's always the great political debate, is whether the oil companies -- the big oil companies are warehousing the resource or not. What we've done here in Alaska is trying to hold them accountable, saying, If you hold leases up here, you must develop those leases. And if you can't, if you don't want to, then we're going to go out there and rebid. That's why we took Exxon to court and that's why my administration -- we essentially played hardball with big oil to get them to produce.

    VAN SUSTEREN: All right, so what should make us trust the oil companies? I mean, because -- not to say that they're bad, horrible people, but their -- their interest is in making money...

    PALIN: Absolutely.

    VAN SUSTEREN: ... making profits, corporation. And you've got MMS, which is the Department of Interior's division which is supposed to police them, which has now been redesigned and renamed. But so what should -- why should we even feel -- why should we feel even good about corporations and trust what they have to say when it comes to oil drilling?

    PALIN: Well, when it comes to oil drilling, these corporations are looking out for their bottom lines. Their CEOs are doing what a CEO is tasked to do. That's -- you look out for your shareholders' interests. Well, a government agency, a state government that's overseeing some of this development, like here in Alaska, the CEO's job there, just like our president as a CEO, his job is to look out for his shareholders, that being the people that he is serving.

    So you've got some healthy conflict. You've got some good debate that can go back and forth between the appropriate government regulation that is needed and the oil companies and their seeking of a strong bottom line and holding each other accountable. There's an appropriate role that a government needs to play in oversight.

    VAN SUSTEREN: All right, I'm not suggesting a political stunt or anything, but just on the straight up and up, I take it if President Obama would come up here and just take a look for himself (INAUDIBLE) you'd be happy to escort him around, take a look at ANWR and that area.

    PALIN: Absolutely. And if President Obama chooses not come up to Alaska before he continues to make these decisions on locking up more land in America, not just Alaska, I will be even more disappointed in him and his administration, along with a whole lot of other Americans expressing our disappointment that he will not at least make the effort to come up here. So yes, we want him to come up here and see it.

    VAN SUSTEREN: All right. And we're going to -- we're going to do -- we're going to show the viewers a lot of the video from our trip. We're going to go down to Valdez, as well. It's where the pipeline empties out. We're going to do that tomorrow. But we're going to talk -- they're going to hear about things about whether or not the pipe is -- is corroding and all sorts of the other interesting aspects of this because it certainly has a lot to do with national security.

    PALIN: Hugely has to do with national security, jobs, and economic stability for our nation.

    VAN SUSTEREN: All right. If you'll just stand by for a moment? We have much more with Governor Palin. We are live in Wasilla, Alaska, and that's all coming up.

    Next, Governor Palin goes "On the Record" about the exploding Ground Zero mosque controversy. Did President Obama divide the country or is he showing strong leadership? Governor Palin next.





    VAN SUSTEREN: We're back live in Wasilla, Alaska, with former governor Sarah Palin. And once again, President Obama has put himself in the middle of a controversy, this time over the planned mosque near Ground Zero in New York. Now, on Friday, President Obama came out strong in defense of Muslims building that mosque. Then Saturday, when things seemed to get a bit heated, the president clarified his statement, saying he would not comment on the wisdom on the decision to build a mosque there. Governor Palin?

    PALIN: Well, you know, it sounds cliched to say that the president is disconnected from the American people on this issue, but how else do you describe it? He just doesn't get it, that this is an insensitive move on the part of those Muslims who want to build that mosque in this location. It feels like a stab in the heart to, collectively, Americans who still have that lingering pain from 9/11.

    VAN SUSTEREN: So but where do you divide the line? Because you've got the 1st -- you know, they do have a -- there is a 1st Amendment to practice your religion. But the American people overwhelmingly say, well, you know, while they recognize the right, they just don't want the right exercised there.

    PALIN: Well, exactly. And nobody argues that that freedom of religion that the Muslims have to build that mosque somewhere. However, there are 100 mosques already in New York. To choose and be so adamant about this exact location just a block or two away from 9/11, again, is that knife, it feels like. Now, if the purpose of this mosque, as we are lead to believe, is to create this tolerant environment, to avoid anything like a 9/11 ever repeating, you have to ask why didn't one of those 100 mosques already accomplish such a thing, allowing that tolerance and that acceptance of differing views? So I don't buy into that reason, that that's the purpose of this location being chosen.

    VAN SUSTEREN: I'm curious what the sort of political effect will be because the statement the president made was not one that was sort of, you know, off-the-cuff, when he got sort of caught walking in some place and some reporter throws a question. He actually -- you know, he thought about it. He made a statement at a public dinner. So there must have been some discussion about it.

    PALIN: There had to have been discussion about it. It had to have been a deliberative and well thought-out comment that he had made and then had to kind of clarify it the next morning. You know why he had to do such a thing, Greta? You twittered right after he had made that comment. You must have got your information from the press pool or something. You twittered that night, on a Friday night after he gave that comment to the Muslim community as he was celebrating the holy month of Ramadan in the Islamic community there in the White House -- you twittered what he had said.

    And there across the Internet then, the ensuing explosion based on his comment -- I have not seen such a thing in the political debate and discourse in this country in quite some time. The next morning, he realized then, I think, Whoops, I better backtrack a little bit, and that's what he did the next morning.

    VAN SUSTEREN: Well, I can't wholly take credit for it because what happens is, is that we get the White House press pool reports that come across the BlackBerry, and it happened late Friday night. And as luck would have it, I'm one of the -- I'm the late anchor. And so the minute that I got it, I just duped it onto Twitter and to GretaWire and people picked it up.