Why did Sarah Palin approve half a billion dollars for TransCanada to build a pipeline for Exxon?

Question

Let me get this straight......she gives TransCanada (that means Canada profit and Canada workers) $500 billion dollars to build a pipeline that Exxon will hold the majority lease on. And tries to say she's fighting against the good ol' boys?

Answer 1

They won the contract...you know, as in bidding?

Answer 2

that's was probably just bribe money to get the Canadians to let us run a pipe through their country

Answer 3

doesn't really matter, we'll never refine and use any of that oil anyway.  this election is bigger than most people realize, there are too many pockets in the government getting rich off oil sales.  the US can drill, ship, refine and ultimately sell gasoline from Alaska much cheaper than getting it from over seas.  but, because we have a contract to buy saudi oil as long as they buy our national debt (along with many other country's), the gov. will NEVER let Alaskan oil hit the market.

Answer 4

It was $500 million, not billion.  They chose TransCanada because they had the financial muscle to get the job done and the State did not have time to wait for the major oil companies to construct one.  It was the best option for the people of Alaska.  That $500 million was seed money since the company that constructs the pipeline will have to spend between $26 and $31 billion to complete it.

You question indicates that you are clueless regarding the details of the project.

Exactly who do you think TransCanada will be hiring?  Plenty of local labor will be required and recruited for that project.

Answer 5

She was high on moose meat.

Answer 6

She was full of moose stew and didn't read the fine print.

Answer 7

You need to look again. I don't like her, but it wasn't for Exxon.  If she was going to play favoritism for oil companies, I think she might have done it for BP, seeing as that is who her husband works for!

Answer 8

who CARES?!?!? she has a v****a. she has our vote.

Hillary/Sarah 2012!!

Answer 9

If what you say is true(and I'm sure its possible) you really need to look to the Middle East/Europe and see how many pipelines run through how many countries.Its simple economics and There is no choice but to run the pipeline through Canada from Alaska to the main 48 states.

Maybe you should get Geography lessons too.Arco(now BP) has had a pipeline for years now running through Canada.

Answer 10

So the oil would flow.

With her as VP you can drive your car instead of take the bus or walk.

Answer 11

Shes an ex stripper, she can!

Answer 12

We've been trying to get this done for YEARS...Maybe you should look at the whole thing...

Ms. Palin has shown boldness in going after Big Oil, whose money has long dominated the state and helped fund its Republican machine. In a snub to the oil majors, she has proposed TransCanada Corp., a Calgary energy company, be given the primary contract to lead the $30 billion job to build a natural-gas pipeline from Alaska's North Slope.

"Palin has accomplished a feat which has eluded the U.S. Congress for many years. She has pushed through the Alaska legislature a natural gas pipeline project which will bring new supply and price relief to the lower 48:

On Aug. 1, the same day the call for a vote on drilling began on the House floor, the Alaska state Senate approved a package of measures to license a new natural gas pipeline. House Bill 3001 lets Palin award the Alaska Gasline Inducement Act license to TransCanada Alaska, a pipeline builder that cast a winning bid of five.

The legislature had been trying for 30 years to authorize something like this and, up until now, had blown it. Palin got it through. Getting it off the ground, the state says, will be the biggest construction project in U.S. history.

Palin considers the $26 billion project her biggest accomplishment as governor. "It was not easy," she told IBD. "Alaska has been hoping and dreaming for a natural gas pipeline for decades. What it took was getting off the dime and creating a competitive market in Alaska."

The 1,715-mile gas line would stretch from Alaska's North Slope to Fairbanks and down to Alberta, Canada. Then it would take existing gas lines to Idaho. In 10 years, Palin says, the lower 48 states would receive 4.5 million cubic feet of natural gas a day. By 2030, according to Energy Department estimates, Alaska's annual natgas production would quintuple to 2 trillion cubic feet."

Hmm...Maybe you don't want lower gas prices???

Answer 13

Actually:

In order to get to the mainland US it has to go through Canada.

(trans = across)

The state owns the pipeline and leases it to the company, last year that resulted in a $1200 check being issued to every citizen as their "share" of the lease fees.

It will also supply natural gas to the mainland US, which will help end our energy dependance.

Economists praised the entire plan as brilliant.

Maybe research more than just soundbites.