Palin’s “Hungry Markets” Not So Hungry. (Updated – Andrew Halcro Weighs In)
In several recent interviews, Governor Sarah Palin has told the country about the importance of getting “Alaska’s rich natural resources to hungry markets” in the Lower 48. And she’s been celebrating a new alliance between Trans-Canada Corp., and Exxon to build Alaska’s huge $26 billion dollar gas pipe line project. In light of all this buzz, it was interesting that an article just came out in The Financial Post, with the ominous title “Demand for Arctic Gas Dries Up.” The North American natural gas industry is “overbuilt,” pointing to weak prices for a long time, said [Steve] Letwin, Houston-based executive…
Palin Matchmakes for a Gas Line
By Shannyn Moore Governor Sarah Palin is sleeping with the enemy of many Alaskans. Her trip to Houston, Texas to discuss a merged project with TransCanada and Exxon Mobil betrays Alaskans still reeling from last year’s devastating Supreme Court verdict. It flies in the face of anyone with a memory of 20 years let alone last June. Exxon promised to “make Alaskans whole” and they never did; just another broken promise piled on top of all the others. Last year, Palin’s AGIA (Alaska Gasline Inducement Act) passed into law, awarding TransCanada $500 million in state funds to build the 1,700…