... wow, this is quite a project. If I were younger, it might be worth moving to Alaska just to be part of it. A reader sent me the link to this very interesting
Forbes article. Look at the scope of this project:
... the building of a new natural gas pipeline from the North Slope to the Kenai Peninsula south of Anchorage.
The
proposed pipeline project – in which the state, thanks to Governor
Parnell and state legislators working in partnership with major oil and
gas producers – will require about $45 billion in new investment (about
seven times the cost of the equally important mid-continent Keystone XL
project) and include not just the pipeline itself but harbors, roads,
and state-of-the-art facilities to liquefy the gas for shipping to
points south.
This
project – in part spurred by the oil and gas tax reform measures
recently passed by the state legislature – would finally allow the
tapping of the more than 8 TRILLION cubic feet of gas (one of the
world’s largest reserves) in the Point Thompson section of the North
Slope.
The
economics of the project are obvious – $2-3 billion more per year in
additional revenues for the state, thousands of permanent (and temporary
construction – if you call a decade “temporary”) jobs, and a more
independent, reliable, and cost-effective energy production system for
the United States.
It still boggles the mind that the US government halted Keystone XL 2.0 North over a bit of real estate in Nebraska that is no longer an issue. One thing Mr Obama is good at: delays.
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