Energy: Iran resurrected its idea of a "gas cartel" to control gas markets like oil. But even if it succeeds, the U.S. won't be vulnerable. If you wonder why, look to the governor of Alaska.
That's right, Gov. Sarah Palin took a powerful preemptive step in August to shield the U.S. from a coming gas cartel. Palin's effort to create the Trans-Canada Alaska gas line — which would provide a vast new trove of natural gas each day to the U.S. — effectively nullifies the emerging gas cartel's potential impact on America.
If OPEC strikes you as a bad group, the new cartel for natural gas, led by Russia and Iran, will be even worse.
As for U.S., already fairly self-sufficient in natural gas, we will be in a more solid position to defy the coercion. Palin's pre-emptive step to foil Ahmadinejad's scheme is in the Alaska gas line. In an Amazonian move, Palin effectively beat back the ambitious petrotyrants 10 years early with her $40 billion, 1,715-mile gas pipeline across Canada that will bring 4.5 trillion cubic feet of gas a day — nearly one-fifth projected needs — to the lower 48 within a decade.
Almost entirely off the news radar, Palin mowed down 30 years of legislative squabbling in the Alaska statehouse and then triumphantly signed off on the pipeline in August, stating her aim was energy independence.
"Alaska should be the leader of an energy policy that gets us there," she told IBD over the summer.
For more:
http://www.ibdeditorials.com/IBDArti...08875782529958
Linear Mode
