Blog: Dermot Cole
Palin says pipeline looks good with Exxon agreement
Published Friday, June 12, 2009
While Gov. Sarah Palin spent most of a "Today" show interview this morning criticizing "so-called comedian" David Letterman, Matt Lauer did open the segment with a short discussion of the natural gas pipeline.
Palin said the TransCanada deal with Exxon bodes well for the future.
“Nice thing about the step that was taken yesterday is the largest company in the world, Exxon, has aligned with TransCanada. TransCanada Alaska is the world’s best pipeline-building company. Two companies like that, world class with the experience and financial backing needed to actually see the project come to fruition," Palin said.
"It’s gonna to happen and we’re very excited about this development," Palin said from Texas, where she has been for the past couple of days.
Asked about a comment by Anchorage Republican Rep. Mike Hawker that the news Thursday was a "completely overblown media circus," Palin said Hawker supported the Alaska Gas Line Inducement Act.
“He still supports it. It’s politics Matt, coming up here on an election year, I think a lot of the folks are positioning themselves for future runs and things, so they have to say some things like that.”
In today's issue, the Wall Street Journal said Exxon's involvement helps the project, but the pipeline is far from becoming a reality.
"Among the most serious questions it faces is whether the Alaskan gas is even needed. North America is in the midst of a natural gas glut, driving down prices, and observers believe liquefied natural gas imports are set to grow as overseas producers seek to unload their gas in the U.S.," the Journal said.
Asked about that assertion, Palin responded:
“Absolutely short sighted for anyone to think that we don’t need this pipeline and that we don't need to flow our clean burning natural gas from Alaska, domestic supply, into North American markets.
"Absolutely short-sighted. Yes, we need that resource. Much better than the alternative and that is for America to continue to rely on foreign sources of energy to fuel our economy, heat our homes and run our businesses. Reliance on foreign sources that are controlled in some cases by regimes that are volatile, dangerous, don’t like America. I’d much rather see the jobs and the economic boost being provided to America. And here in Alaska, we’re in a position to be able to contribute to the U.S. economy, and to national security issues by flowing our very rich sources of energy into these markets.”
"Among the most serious questions it faces is whether the Alaskan gas is even needed. North America is in the midst of a natural gas glut, driving down prices, and observers believe liquefied natural gas imports are set to grow as overseas producers seek to unload their gas in the U.S.," the Journal said."
So says the best newspaper in the country. The people that run the country read the WSJ because they need facts to make informed decisions.
Besides the gas glut in the Lower 48 that has lowered gas prices below what are required to profitably transport Slope gas to Chicago, there is also the issue of the significant cost of transporting gas 2,700 miles. (These are costs seperate from the amortization of a 40 billion dollar capital investment.) The dozens and dozens of compressor stations needed to both compress and chill the gas in a 2,700 mile journey is a cost that is not borne by those developing gas reserves that exist in the Lower 48. Once the Canadians impose a carbon tax (as they already have in parts of Canada) the economics of the Canadian project are made worse than they already are.
Too bad Palin has missed the opportunity to get Americans to work on the needed, and economic, All Alaska Gasline while we are in the midst of a serious recession- and costs are lower.
She and Exxon will be "studying" a pretend pipeline for another five years- according to TransCanada officials.
(Psssst! Dermot! Your bias is showing.)
<how embarrassing>
"While Gov. Sarah Palin spent most of a "Today" show interview this morning criticizing "so-called comedian" David Letterman, Matt Lauer did open the segment with a short discussion of the natural gas pipeline."
I just watched the video. 3 minutes of questions regarding the gas pipeline, followed by 6 minutes of questions about Letterman. The 12 minute interview ended with 3 minutes of questions about GOP leadership.
Dermot's spin makes me dizzy.
TunaFingers, if you read Dermot's column without shaking your head violently every few seconds you would not suffer from the dizziness.
"I just watched the video. 3 minutes of questions regarding the gas pipeline, followed by 6 minutes of questions about Letterman. The 12 minute interview ended with 3 minutes of questions about GOP leadership."
So
25% Gas
50% Letterman
25% GOP
Looks to me like she spent most of the show talking about Letterman. You're saying that Dermot is incorrect?
one thing about dermit he is constant on trying to spin anything our governor says to her detrimet. in other words do not look for fair news here go elsewhere just come here for the giggles. also dermit if you want to go into politics just stand up and run for office instead of twisting news.
haha... glow: are you saying there is no bias present by Dermot?
cjg...
"25% Gas
50% Letterman
25% GOP
Looks to me like she spent most of the show talking about Letterman. You're saying that Dermot is incorrect?"
yes. math. learn it.
(and she was answering questions asked of her...are you, too, saying there's not a negative spin on Dermot's lead paragraph?)
On the day of analog armageddon, mcliberal cole is talking about this?
What's being spun? Care to elaborate? Or is "spin" just one of those cool buzz words you like to throw out there?
I don't know or care about Dermot. I don't believe there's a difference at all between liberals or conservatives, not one bit. I believe I recognize bitterness, hatred, bigotry, and predjudices that are the result of gullible people buying into their indoctrination.
"Asian" corporations, Canadians, multi-nationals (including Exxon, thank you)- who cares! Why isn't Alaska building the d*mn thing on our own? We've got the resources- manpower, money, time, you name it. No- instead we have "representatives" who'd much rather keep after the good old boy crew, accepting their take of whatever latest "deal" they come up with.
Set aside your asinine partisianship- please, spare us the playground name calling- and simply look at what's going on. Let's send the big names for a walk, and do this on our own!
America's largest export sector is weapons..
kinda pathetic, eh?
..wouldn't it be nice to make America's largest export ENERGY and hi-tech energy related products?
..and not just to Canada who is better off using smart-technology to recover the hydrocarbons from their tarsands than using Alaskan NGL's to boil out the gunk with 1950's technology-->
http://www.petrobank.com/hea-overview.ht...
-----and
The Superhetrodyne Hydrocarbon
http://www.globalresourcecorp.com/
...a LNG or FLNG terminal in Valdez is a good start.
"yes. math. learn it.
(and she was answering questions asked of her...are you, too, saying there's not a negative spin on Dermot's lead paragraph?)"
According to my math, 50% > 25%. Are you from a different planet?
Let's keep this simple. What's the answer to the following question? No fair using Google! "What subject did Palin talk about the MOST during her Today show interview?"
Shokd -- you will be shocked to learn that Alaska does not have the money or the resources to build the gas pipeline.
cjg..."According to my math, 50% > 25%. Are you from a different planet?"
I think I'm human. Whatever. and not to split hairs, but you forgot the 25% at the end where she was asked about GOP leadership. Use four quarters to visualize the math.
Another panelist, ExxonMobil Upstream Ventures vice president (east region), Wayne A. Harms, concurred, saying that a stronger customer-supplier relationship would get through these economic challenges.
"The suppliers who can work with customers will be the ones who will be successful in the longer term," he said, adding that Asia would be an important market as it would be the largest natural gas market in the world by 2030, to be led by China and India.
Currently, Japan is the largest LNG importer in the world.
=======================
doggle,
2030 seems to be a skewed sounding...
one of my cronies is an american[scandahoovian] who owns 100% his own precision-cast vacuum metals foundry in mainland China..
and yup, we will be buying our own gas from the LNG facility in Shanghai.
Trendsetters are like icebreakers at the party..
skilled interlocutors in any culture help make human enterprise a success worldwide.
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