Heart Happy (cathy_edgett) wrote,
Heart Happy
cathy_edgett

The pump stops here!


Sarah Palin hopped onto the scene with quite a great deal to say for herself. Now, it seems people are checking up on her statements and they are not quite what she said. It seems God building the world in six days is still tops in accomplishment and Palin is placed back in the more natural scheme of things.


Here is the first part of an article from the NY Times. You can read the whole article at: http://www.nytimes.com/2008/09/11/us/politics/11pipeline.html?hp



Palin's Pipeline is Years from Being a Reality

Published: September 10, 2008
ANCHORAGE — When Gov. Sarah Palin of Alaska took center stage at the Republican convention last week, she sought to burnish her executive credentials by telling how she had engineered the deal that jump-started a long-delayed gas pipeline project.

Stretching more than 1,700 miles, it would deliver natural gas from the North Slope of Alaska to the lower 48 states and be the largest private-sector infrastructure project on the continent.

“And when that deal was struck, we began a nearly $40 billion natural gas pipeline to help lead America to energy independence,” said Ms. Palin, the Republican vice-presidential nominee. “That pipeline, when the last section is laid and its valves are opened, will lead America one step farther away from dependence on dangerous foreign powers that do not have our interests at heart.”

The reality, however, is far more ambiguous than the impression Ms. Palin has left at the convention and on the campaign trail.

Certainly she proved effective in attracting developers to a project that has eluded Alaska governors for three decades. But an examination of the pipeline project also found that Ms. Palin has overstated both the progress that has been made and the certainty of success.
The pipeline exists only on paper. The first section has yet to be laid, federal approvals are years away and the pipeline will not be completed for at least a decade. In fact, although it is the centerpiece of Ms. Palin’s relatively brief record as governor, the pipeline might never be built, and under a worst-case scenario, the state could lose up to $500 million it committed to defray regulatory and other costs.

Contributing to the project’s uncertainty is Ms. Palin’s antagonistic relationship with the major oil companies that control Alaska’s untapped gas reserves.

Ms. Palin won the governor’s office in part by capitalizing on populist distaste for the political establishment’s coziness with Big Oil, and her pipeline strategy was intended to blunt its power over the process. Her willingness to take on the oil companies has allowed the McCain campaign to portray her as a scourge of special interests.

Now, though, she will need the industry’s cooperation if her plan is to succeed, and just this week, her office said she intended to reach out to the North Slope oil companies.

As Ms. Palin takes to the road to campaign with Mr. McCain, invoking the pipeline as a major victory, some Alaska lawmakers who initially endorsed her plan now believe it was a mistake. State Senator Bert Stedman, a Republican who is co-chairman of the finance committee, said that in its contract with the chosen developer, TransCanada, the state bargained away too much leverage with little guarantee of success.

“There is no requirement to lift one shovel of dirt or lay down one inch of steel,” he said.
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