Wednesday, December 10, 2008

The Alaskan Pipeline - A Wolf in Sheep's Clothing?

Apparently not all Canadians think the Alaska Gas Pipeline is a good thing. Here's a link to a Canadian opinion that Alaskan gas will lower prices and hamper gas development of Candian natural gas.

"While construction of the Alaskan pipeline will likely have a positive impact on Canada's economy in the shorter term, once it is up and running it will make Alaska into a direct and effective competitor for Alberta and BC's natural gas industry," said Ralph Glass, VP Operations of AJM Petroleum Consultants. "Looking ahead, we have to consider the fact that the Alaskan pipeline will increase natural gas volumes into the US market. This could keep natural gas prices low in future years - low natural gas prices will have a significant impact on future drilling here in Canada."






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