Thursday, November 20, 2008

Pipeline Politics Explained

Andrew Halcro has a good story on Pipeline Politics (LINK). One quote:

The only thing that one has to understand about the Alaska Natural Gas Pipeline is that not one piece of steel pipe can be ordered until Exxon, BP and ConocoPhillips, write the checks and assume all of the risk.
I agree - this simple fact seems to escape most folks.

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