Curious indeed. Earlier this year Buffet's Mid American Energy failed to submit a complying AGIA proposal to the State of Alaska. Mid American's CEO David Sokol said in a letter to Governor Sarah Palin "you and we alone cannot develop the pipeline project through AGIA's expected process".
So what's changed? What's Buffet's play? And why bring in Gates?
A stake in the Tar Sands at the Warren Buffet / Bill Gates level of play only makes sense if they have a long term source of energy in mind for Tar Sand Processing. Is it Alaska Gas? Nuclear? or Tar Sand Gasification?Maybe Denali or TransCanada has a new partner.
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