The Alaska Journal of Commerce has a detailed analysis of the recent decision of State Natural Resources Commissioner Tom Irwin rejecting ExxonMobil's development plan for Point Thomson. Here's a link to the decision.
This decision is key in understanding the relationship between the North Slope producers and State of Alaska.
Irwin's comments were not focused on the technical or economic details of plan. The comments seemed focused of a perception that Exxon would not keep it's end of the deal. It's a bad sign that the State cannot work with the producers and hammer out deals that put people work and get the gas flowing.
For the time being only lawyers are working on the Point Thomson project.
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