7-1-16 Much Alaska gas pipeline/LNG food for thought over the Independence Day weekend!
Yesterday we commented on the overall chaos enveloping Alaska as it seeks fiscal stability. Fiscal stability is a critical risk for big investments -- like a multi-billion dollar energy project. If fiscal stability does not exist, savvy energy investors must cease or postpone projects until risks become less threatening. Alaska Governor Bill Walker In such a caldron of multi dimensional issues, we see great political/emotional support for construction of an Alaska gas export project. However, the realities of world energy prices, high and unpredictable Alaska tax policy, a run-away spending history, and democrat leaders [...]