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State should not be on the hook if gas line ends up failing

Posted: Friday, November 19, 2004

I want a gas line, you want a gas line to save the stranded gas on the North Slope. It would be great to get this gas to market to help solve our nations energy problems. But, all the major oil company players in the state have done feasibility studies, all their studies have come back with the same results: "Not Economically Feasible at This Time."

Now why would the project suddenly become feasible if the state picks up some of the tab for building it or becomes a partner in the project? Just how much of the liability is the state going to accept, and could this gas line become another white elephant that we have to pay for, if in fact the project turns out to be "Not Economically Feasible?"

J.T. Hunt, Soldotna



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