Originally Posted by danielpalos

I am of the opinion, that if the private sector needs public sector interference in the markets to justify feasibility of a given venture, then the public sector could consider a similar venture on a not for profit basis.

Originally Posted by Traveler

I wonder how your governor got pregnant....

Originally Posted by Bunz

As we speak, there is a special legislative session ongoing in Alaska about just this concept. The State of Alaska, is willing to put up $500million to jumpstart the Alaska Gas Line project. Which has 35trillion cubic feet. Enough to apparently fuel the midwest for 20-30 years. There is a good chance these efforts will pass.

Private industry needs permission to extract the subsurface resources. Exxon, Conoco and BP already own the nearest outside of ANWR areas. That oil could be online in less than 5 years.

Again this very thing is being discussed through the AGIA(Alaska Gasline Inducement Act) process. Right now there is two competing proposals. One that is through the AGIA process which will allow a combination of public and private funds. Then the producers proposal which is done outside of that issue, and done without public money. But the timeline to do so is much longer and more or less indefinate. Whereas the AGIA process is going to take a rather small amount of public money and set a realistic timetable for actually building a project that will make an actual difference in the energy prices of large segments of the American people.

Originally Posted by Bunz

As we speak, there is a special legislative session ongoing in Alaska about just this concept. The State of Alaska, is willing to put up $500million to jumpstart the Alaska Gas Line project. Which has 35trillion cubic feet. Enough to apparently fuel the midwest for 20-30 years. There is a good chance these efforts will pass.

Private industry needs permission to extract the subsurface resources. Exxon, Conoco and BP already own the nearest outside of ANWR areas. That oil could be online in less than 5 years.

Again this very thing is being discussed through the AGIA(Alaska Gasline Inducement Act) process. Right now there is two competing proposals. One that is through the AGIA process which will allow a combination of public and private funds. Then the producers proposal which is done outside of that issue, and done without public money. But the timeline to do so is much longer and more or less indefinate. Whereas the AGIA process is going to take a rather small amount of public money and set a realistic timetable for actually building a project that will make an actual difference in the energy prices of large segments of the American people.

Originally Posted by goober

I think a bill nationalizing the oil reserves should be introduced, the federal government should get half the wellhead price, from every oil well in the US, this would help with the national debt and put us on the same basis as every other country that has oil reserves.