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WAPO: Palin actually did.; Pipeline
Topic Started: Sep 8 2008, 08:51 AM (211 Views)
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http://www.washingtonpost.com/wp-dyn/content/article/2008/09/07/AR2008090701984.html?hpid=opinionsbox1

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Is Ms. Palin right about the importance of the pipeline and her role in moving it forward?



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Ms. Palin rode criticism of Mr. Murkowski's deal to victory over him in the 2006 Republican gubernatorial primary and then to the governor's office later that year. She reversed Mr. Murkowski's strategy, asking the legislature to pass a law setting criteria for a deal, then throwing the project open to companies other than the Big Three. The result was a commitment by an experienced pipeline company, TransCanada, to build the project, which may take 10 years, in return for $500 million in state seed money derived from Alaska's recent oil windfall.

The oil companies still control the gas. So, if TransCanada actually gets all the necessary permits, assembles financing and builds the pipeline, the Big Three will have to be persuaded, years from now, to ship their gas through it on reasonable terms. Meanwhile, BP and Conoco Phillips have announced plans to build a pipeline of their own without the state's backing -- a sign that the political and economic wrangling over this immense and risky project is far from over. But it is also a sign that Ms. Palin's outflanking of the oil companies injected some competition and urgency into a process that was previously stalled. Perhaps her Democratic opponent for the governorship in 2006, who campaigned on similar ideas, would have achieved these results. Nevertheless, Ms. Palin actually did.


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