"Experience is a dear teacher...."  B. Franklin/W. Shakespeare (See Alaska Public Media story, right column.) We would only point out that certain longtime advocates of strong state participation in an Alaska LNG project have experienced a personal reality lesson.  The lesson is that oil and gas investment is risky.   When government and citizens become involved in energy projects, they subject themselves to risk.   This is why we have consistently counseled public officials to avoid equity investment in private projects.   The private sector is ready, willing [...]