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A consortium of energy companies says it is moving forward with a $45B project to build an...

A consortium of energy companies says it is moving forward with a $45B project to build an 800-mile natural gas pipeline from Alaska's North Slope that will export liquefied natural gas to Asia. XOM, COP, BP and TRP agree on a plan to combine what were once two competing projects destined for the continental U.S. into one project aiming at overseas markets.
Comments (15)
  • doc47
    , contributor
    Comments (994) | Send Message
     
    This almost makes sense and shows good management planning--very rare for BP!
    4 Oct 2012, 01:17 PM Reply Like
  • losmarinos
    , contributor
    Comments (24) | Send Message
     
    BP getting their own back for the Gulf troubles
    4 Oct 2012, 01:27 PM Reply Like
  • dunnhaupt
    , contributor
    Comments (389) | Send Message
     
    Great idea, at least until the environmentalists destroy it.
    4 Oct 2012, 01:27 PM Reply Like
  • Topcat
    , contributor
    Comments (413) | Send Message
     
    But it does nothing for OUR energy needs...can't we have a contract that forces them to sell to the U.S.? If we are going to slowly destroy our environment, at least keep the energy sources for our own energy independence...
    4 Oct 2012, 01:54 PM Reply Like
  • rjj1960
    , contributor
    Comments (1359) | Send Message
     
    We don't need it, we have the wind, the sun and water, right???
    4 Oct 2012, 07:50 PM Reply Like
  • cpstyle
    , contributor
    Comment (1) | Send Message
     
    Our energy needs? Really? We are living with $2 gas because we have more than we can use and bringing North Slope gas to Canada and the lower 48 would do nothing more than drive that price down. Meanwhile you can only re-inject so much of that gas for enhanced oil recovery. Bottom line. Leaving it in Alaska makes it worthless to Alaskans and to the American and Canadian economies. I for one am pumped about this project.
    7 Oct 2012, 01:27 AM Reply Like
  • petpirhana
    , contributor
    Comments (44) | Send Message
     
    That pipeline was suppose to come south through the Deckotas and the tree huggers stopped it. Why in hell would you want to give away our own natural resources to the Asians. If you think they are going to be cold, take them a blanket and stay there. In the mean time count the jobs we loose to Canada. Thank goodness CBI will benefit.
    4 Oct 2012, 02:10 PM Reply Like
  • E.D. Hart
    , contributor
    Comments (934) | Send Message
     
    Actually, it wasn't just those hugging trees. It was many hard working Republican ranchers and farmers in Nebraska that were worried about their livelihoods (the Ogallala aquifer) being ruined should there be a spill.

     

    They wanted it re-routed around the Ogallala.

     

    Nebraska is a big Red state, and those opposed were mainly cow huggers, corn huggers, and pig huggers. Dont blame it all on the tree huggers.
    4 Oct 2012, 11:37 PM Reply Like
  • Larry Smith
    , contributor
    Comments (2481) | Send Message
     
    Sorry, you are mixing up pipelines, you are talking about the Keystone XL pipeline that would bring oil from Canada down to the Gulf refineries. The pipeline in this story will bring natural gas from Alaska's north slope down to the Midwest. Pipeline was never going through Nebraska.
    5 Oct 2012, 07:17 AM Reply Like
  • Larry Smith
    , contributor
    Comments (2481) | Send Message
     
    1 - BP probably had to go along with XOM because XOM is majority holder 37% and the unit operator. Also, BP is financially stretched.

     

    2 - The pipelione through Alaska, through Canada and through parts of the US was facing all sorts of environmental protest and adminstrative roadblocks. That pipeline expense was also an issue. Cheaper and shorter to pipe to the ocean and ship. They also get much higher prices overseas. They are in business to make money.
    4 Oct 2012, 02:31 PM Reply Like
  • robgra
    , contributor
    Comments (354) | Send Message
     
    You can thank Obama, Harry Reid and the Democrat tree-huggers for the pipeline being re-routed. At least it will help our trade balance, and Alaska will still benefit from the severance taxes.
    4 Oct 2012, 02:41 PM Reply Like
  • bobby44
    , contributor
    Comments (181) | Send Message
     
    It's about **** time! This gas has to be produced and reinjected now. At least it will be produced and sold/used. Anyone can buy LNG if there is a need, not just Asians.
    4 Oct 2012, 04:04 PM Reply Like
  • minecanary
    , contributor
    Comments (411) | Send Message
     
    Careful how you pick on the top Dems about this or they'll plan some high speed rail to run alongside.
    4 Oct 2012, 07:27 PM Reply Like
  • GaryLee276
    , contributor
    Comments (141) | Send Message
     
    I always hug pigs, cows, and corn. Right before I eat them.
    5 Oct 2012, 12:08 AM Reply Like
  • JohntheOld
    , contributor
    Comments (162) | Send Message
     
    By the time this pipeline is completed, shale gas will be produced in Asia. IMHO.
    5 Oct 2012, 02:53 PM Reply Like
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