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By Richard Fernandez

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Covered with a tarp

February 2, 2010 - 5:18 pm - by Richard Fernandez
wws
2010-02-03 07:46:30

Charles, agree with you completely about Nat Gas – and of course the US govm’t doesn’t even need to pass a law encouraging investment; they just have to stop working so hard to DIScourage investment at every turn. For example, the pipeline that would transfer nat gas from Alaska to the lower 48 has been blocked for 30 years now. Shipping by sea is only feasible if construction of massive new LNG plants are allowed, and so far they haven’t been. (construction will still take years even after permitting is completed) So the huge gas reserves of Alaska just sit there, untapped, because no way to transfer them anywhere is allowed, by express government diktat.

Kind of puts a new light on the so-called “energy shortage”.