10-24-17 Alaska Gasline Development Corporation Rests Hopes On “Letters of Intent”

Alaska Gasline Development Corporation (AGDC) Hopes Rest On "Letters of Intent" We would offer a comment that "LOIs" -- especially those with long terms and huge uncertainties and many conditions -- are not very useful.  They are not relatively straight forward gas sales contracts with take-or-pay or ship-or-pay provisions.  LOIs can be called, "binding", but an "agreement to maybe agree someday" is full of problems no matter what you call it.  In short, more public money should not be poured into this socialized, politically-controlled, bureaucrat-run LNG/800 mile pipeline scheme [...]