IT’S GETTING HARDER TO MAKE SENSE OF THE PROJECT
From this morning’s Must Read Newsletter –The preliminary engineering work for the AK-LNG project is wrapping up. Consultants to the Alaska Legislature issued a report saying the project is uneconomical.
Like a gal giving a fake phone number to a bad blind date, the three remaining partners have backed away from AK-LNG, as Alaska’s governor has become their date from hell.
Dave Harbor knows how it’s going down: The expert, commenting on the gasline is not giving it good odds.
Pat Race knows: The hippie cultural phenom of Juneau predicts the gasline is dead, so it must be so.
Forbes Magazine agrees with Pat Race: Here’s the eulogy.
John Hendrix gets out the defibrillator paddles: The newest cabinet member of the Walker Administration gave it his best at Resource Development Council. The video here.
Keith Meyer makes a shot on the goal: The new head of the Alaska Gasline Development Corp. promises prosperity for Alaska with a gasline.
OUR TAKE — IT’S STILL OIL IN ALASKA
Alaska should work on oil, not gas, they argue. Case in point, Armstrong Energy just found one of the largest oil discoveries in North Slope history, enough to put 120,000 barrels into the Trans Alaska Pipeline System every year for the next, say, 25 years.
But Gov. Bill Walker has waved the white flag on oil. He has given up.
Lt. Gov. Byron Mallott, a year ago at the GLACIER conference, pleaded for help to save Alaska from its oil economy:
The Walker Administration has thrown the state into a tailspin economically in Walker’s singular quest for a gasline that the oil companies are saying is uneconomical.
Walker says the State won’t need to make money like private sector companies need to make money…But will the State actually lose its shirt on his state-owned gasline project?