Daily Archives: November 24, 2009

James Carville on Alaska, “Its the oil, stupid”

That’s my guess, anyway, if he looked at Alaska politics today. The following article quotes Alaska Revenue Commissioner Pat Galvin, as saying “A large-capacity natural gas pipeline is the single-most important project to the economic future of Alaska.” Even the State’s own numbers show that gas doesn’t replace oil as a state revenue source. While the Commissioner is off fiddling with the State’s increasingly long shot bet on AGIA, oil production is declining at an increasingly rapid rate due to ACES. It would seem a significantly better use of the Commissioner’s (and the state’s) resources to think about what is going wrong with oil, and fixing that while the opportunity exists. That is what is truly “the single-most important project to the economic future of Alaska.”

From: http://ping.fm/2qkct