Thursday, October 30, 2008

Did Palin get a pipeline for Alaska?

Kay Cashman, publisher and executive editor of Petroleum News says Palin came close (LINK):

I say she has come closer than any other governor to making a pipeline from Alaska's North Slope to market a reality. In her first two years in office, two major North Slope oil producers, BP and ConocoPhillips, decided to build their own gas pipeline without any up front guarantee of fiscal concessions from the state of Alaska.

Trans-Canada, a major North American pipeline company, was right behind them with $500 million in state matching funds that would either result in a completed pipeline or a valuable certificate of convenience and necessity from the Federal Energy Regulatory Commission that would belong to the state if Trans-Canada pulled out.

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