Palin's Alaska pipeline dream Not a Reality Yet:
Alaska Gov. Sarah Palin boasted this week that she stood up to Big Oil in advancing a decades-old ambition to bring natural gas to the Lower 48. But experts say she'll eventually have to sit down with the oil giants if she wants her pipeline dream to become a reality. (LINK)From Barry K Worthington, Financing The World Energy Industry Requires $22 Trillion
Meeting the world's energy needs over the next several decades represents incredibly complex challenges on many fronts. These include access to the resource base for fossil fuels; availability of an adequate workforce, specifically engineers and skilled tradesmen; siting every variety of energy facility; dealing with climate change challenges; stability and predictability of regulation; and attracting $22 trillion ($22,000,000,000,000) into the sector. Never before, on a global basis, has the energy industry been expected to site, finance and manage the construction of infrastructure on this scale. It is doubtful that any other industry has ever been compelled to deal with this level of capital investment. (LINK)
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