Just think fish plant

Fish plant. Just think fish plant when you hear about the state taking the reins of the $55 billion Alaska LNG Project that aims to move North Slope gas south for liquefaction and then shipment to Japan. Fish plant.

That long ago boondoggle cost Alaska $50 million and now the state – not unlike governments everywhere – wants to embark on something best left to private interests where being accountable – Sarah Palin used to call it having “skin in the game” –  tends to lead to better decisions and real consequences for bad ones.

What too many officials do not get is that government and business play by different rules, with different expectations, different roles. All of that puts government at a disadvantage when it comes to building or overseeing massive projects.

The Alaska Gasoline Development Corp. – which represents Alaska’s interest in the massive project – says it wants to take over from the state’s partners, BP, ConocoPhillips and ExxonMobil, by year’s end. The North Slope partners have been battered by bottom-of-the-barrel oil and gas prices and seem leery about charging ahead.

More….