In this interview piece, PNA's Steve Quinn asks Alaska Gas 
Pipeline Federal Coordinator, Larry Persily (NGP Photo), about chances for the current Alaska LNG project.
A mid-august primary election ballot question asks voters whether to repeal tax reform (SB 21). Oil tax reform attracted approval of the Governor and a majority of the legislature over a year ago after over two years of intense study, public meetings and hearings.
Yet, soon after it passed, an interesting coalition of some legislators who voted against tax reform–along with various environmental activists and several union leaders–filed the required number of signatures to put the repeal of SB 21 on this month's ballot.
Many have said that if tax reform is pulled back, the degree of uncertainty for Alaska projects will be so great that chances for the gas mega project will be mortally wounded.
Quinn and Persily seem to have revealed through their analysis the realistic benefits that could be achieved from monetizing Alaska's vast, proven reserves of natural gas.
Those voting to repeal tax reform are taking a big gamble with the state's future: Do we want to squeeze every last drop of blood from the turnip now without regard to keeping a seed crop for future generations; or, do we want to have an investment climate reputation of stablity, reasonableness and long term vs. short term thinking?
The decision is at hand.
-dh
Leave A Comment