Posted on 06/12/2009 5:45:00 PM PDT by Kaslin
Energy: Exxon Mobil's surprise decision to join Trans-Canada on a vast Alaska gas pipeline project is a big step toward making the U.S. self-sufficient in domestic energy. By defying naysayers, Sarah Palin is now vindicated.
In a major surprise, Exxon announced Thursday that it had forged a partnership with TransCanada, the Canadian pipeline company that holds the state license for Palin's $126 billion Alaska Gasoline Inducement Act project.
It's a big vote of confidence in Palin's top project from a by-the-books company known for its rigid investment standards.
"We evaluated all the options and it came down to our belief that this approach with TransCanada and Exxon Mobil was going to be the most successful project," said Marty Massey, U.S. joint interest manager of Exxon Mobil Production Co. He said Exxon might look at expanding its participation.
Rival oil firms had whispered to IBD that it would never happen. "It's gonna happen and we're very excited about this development," Palin told "Good Morning America" on Friday.
Doubters of Palin's pipeline plan were numerous.
Some said the pipeline would be too big to work, and that a rival BP/ConocoPhillips project, called Denali, would doom Palin's plan because Alaska didn't have enough natural gas for both.
(Excerpt) Read more at ibdeditorials.com ...
Yes, and think of the jobs SHE will have helped create! Necessary, valuable jobs, not pretend stuff.
Now, who are you going to buy a right of way off of and how much are they willing to pay for it??? Where ye going to get the money??? China???
An amazing accomplishment.
Our gal is having a very big week.
As I understand it, a lot of the ROW is in Canada. Alaska's ROW is more than likely across State or Federal lands. The oil companies involved do not necessarily operate ONLY in the U.S. but are multi-national and will be abble to adjust their budgets accordingly.
Why not? Investing in a natural gas pipeline is obviously potentially more profitable than buying treasury bonds. Who knows? They might even attract some good old American we-earned-them-ourselves dollars.
What have "ye" to say about that? Never mind, I suspect I know. Blather.
Good point! Too bad neither Sarah Palin, Trans-Canada, or Exxon Mobil thought of right-of-way. You better get on the horn and let them know there's a problem they never even remotely considered in their massive deal.
BTW, your tagline: "Way past time for new commodities regulation" is dead wrong - it was the regulations that caused the collapse by forcing bad loans and thereby creating the market for the bad insurance schemes for those bad loans.
That's all for now.
ROFLOL,
Oh, please. Exxon-Mobil could right a check out of petty cash to fund this project.
Commodities and banking are two different things. The credit modernization act by Gramm caused the insurance BS and the CRA was attached to the Gramm-Leach-Bliley Act of 1999, a republican bill. No where did it force the banks to finance 14+ millions unsold homes.
See # 10!!!
Your suspicions are in order. Palin could turn pyrites into gold and whodat would find fault.
What a remarkable woman. She can make the impossible happen, she didn’t listen to naysayers and she created jobs. Go Sarah 2012 can’t come soon enough!
That's how this game is played now. Likely, that's how it's been played for centuries.
No one with their available funds is adverse to buying a Senator or three, 'cause they damn sure are for sale.
Hmmm...guess Alaskans, the Alaska legislature, other Alaska officials, Exxon-Mobil and Trans-Canada executives, didn’t consider Sarah Palin too much of a ‘folksy’ ‘lightweight’ to deal with this project, considering no other governor in the past 30 years was able to get it done.
Private sector not paid by the taxpayer jobs -- BUMP !!
If I had meant that I would have said it. My point is that so far nothing has been accomplished, you still have democrats in charge.
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