Word: gas
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...Alaskan LNG plant is owned by Marathon Oil and ConocoPhillips, which asked the Department of Energy in 2007 for permission to export about 100 billion cubic feet of gas to Asia over two years from the roughly 300 billion cubic feet of gas that is likely to be produced. The overseas connection not only provides an outlet for fuel produced beyond the limited needs of Alaska, it is highly profitable - LNG prices in the Pacific rim can run twice as high as those...
...Palin personally intervened in April, 2007, but her concerns were strictly local. She asked DOE to condition its approval on guarantees that gas needed in Alaska not be diverted to the better-paying foreign venues - a position she held until this past January, when the producers reached separate agreement with the state to meet its needs...
...time did Palin or her government cite the desire to preserve Alaskan gas for the lower 48 states. The Sempra terminal began operations just four months after Palin announced unconditional support for the Marathon and ConocoPhillips request and a month before DOE approved their plans to export gas to Asia. The development of the Mexico plant was well-known and much anticipated in energy circles...
According to Senator Ron Wyden, the Alaskan gas slated for Asia between 2009 and 2011 could meet the annual consumption of 1.4 million American families. The Oregon Democrat has accused Palin of a "major contradiction" between her support for gas exports and campaign emphasis on more drilling to slake US energy needs. "It's pretty outrageous to scare Americans about energy shortages while she has been approving export of billions of cubic feet of natural gas that could be providing energy to homes in Alaska and the lower 48 states," he said...
...Palin's natural resource commissioner, Tom Irwin, said the governor didn't push the Sempra option with DOE because "it never came up in discussions that there was a competing market or a competing desire." But she didn't raise the idea, either, he said. The volumes of gas were so small, it didn't seem worthy of consideration. He said Palin has focused on a bigger payoff: construction of a 1700 mile pipeline to the lower 48 that could catalyze gas production on Alaska's North Slope...