Alaskan Pipeline

Alaska has proposed a contract that would initiate a 3,400 mile pipeline that would transport natural gas from Alaska's North Slope producers to the Lower 48 states. The governor of Alaska was quoted as saying, "We think that we are entering a very important milestone in the history of Alaska." The project would cost at least $20 billion. If the pipeline actually passes legislation it will be in use for decades to come, pumping an estimated 35 trillion cubic feet of conventional natural gas known to be contained in the North Slope oil fields. The pipeline proposal comes in a perfect time. Heating bills are expected to rise between 50 and 70%. The increase in available natural gas would shift the supply curve out and prices would begin to fall. Opportunities like this don't come around that often; I hope that the misguided individuals that make up our political left don't screw this up!