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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (46987)	3/4/2004 1:13:55 PM
From: Raymond Duray	Read Replies (1) \| Respond to of 74559

Re: LNG terminals -- There are none planned for California or Florida, TTBOMK. Maybe one at Long Beach?? The ones that are under construction or planned are mostly in the Gulf of Mexico, designed to tie into the Henry Hub, in the Chesapeake Bay and in Bermuda, with a 90 mile umbilical to the Florida coast. *** Re: I don't remember the Alaska pipeline having this type of hesitation. Fewer ideologues in the 1970s ? Actually, had he been flying in 1973, First Lt. George Bush would have seen the crude oil tankers stacking up in the Gulf of Mexico off Houston as the U.S. was suffering a nationwide "gasoline shortage" in the aftermath of the Six Day War. What the American public didn't realize was that their anger about long gas lines was being used as a club to force Congress to pass the enabling legislation to allow the Alyeska Pipeline to get permitted. Prior to the "gas shortage", legislation had been stalled due to environmental concerns and the patriotic concern that the Alyeska Consortium was intending to ship all the oil from Valdez to Japan, the logical economic buyer of the Prudhoe crude.