Friday, March 7, 2008

Sarah Palin - Media Favorite

Media darling, Alaska's Governor Sarah Palin continues to get credit for playing hardball with North Slope producers. This week we learned that the Department of Energy is dreaming up alternatives to the pipeline if the AGIA process does not yield a pipeline.

Swell. A Governor who will not address the central issue of fiscal certainty - the one issue that would pave the way for investment in the Alaska Gas Pipeline, and federal bureaucrats who think they can build a better pipeline.

Meanwhile the preselected pipeline constructor, TransCanada is hoping that the federal government will step in and act as a bridge shipper of gas. Uncle Ted Stevens thinks that idea won't work but what does he know - he's only been in the Senate for about 40 years.

Real Progress this week:

ConocoPhillips and TransCanada obtained a Federal permit and go ahead for construction of the Keystone pipeline.

ExxonMobil announced plans for $125 Billion in capital spending over the next 5 years (That's over three times the current estimate for the Alaska Gas Pipeline.

Some of that ExxonMobil investment will be made in Alaska at Point Thomson if the Alaska Department of Natural Resources agree with a plan presented by Exxon this week.

1 comment:

Larry said...

Can you believe this hockey mom from Wasilla with a journalism degree is running our state?

I shake my head in disbelief at the morons seemingly unaware of the train wreck that lies ahead.