Willow project cost soars to $9 billion, which will cut state revenue for years

The announcement from ConocoPhillips last week that the cost of the Willow project has increased to $9 billion means that state revenues in future years will be lower for longer.

This will add to the Dunleavy deficit projections unless the governor abandons the practice he adopted in the aftermath of the recall movement, ignoring his responsibility and forcing the Legislature to balance the budget.

ConocoPhillips now says the Willow project, about half finished, will cost between $8.5 billion and $9 billion, with oil expected to flow in early 2029.

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Dermot Cole Comments
Korea snubs Alaska LNG as high-risk venture

Howard Lutnick and Scott Bessent, two of the obsequious Yes Men in the Trump cabinet, have repeatedly spread the fantasy that Trump will be able to order Japan and Korea, among others, to pay for the giant Alaska LNG project, which could cost upwards of $70 billion.

It appears someone forgot to tell the Japanese and the Koreans.

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Dermot Cole Comments
To 66,000 Alaskans who will go hungry: Let them eat cake

Sen. Bill Wielechowski is calling on the suit-happy Dunleavy administration to back a legal claim by 25 states that the Trump administration is violating the law by withholding food assistance money for political purposes.

“Certainly the clear, legal rights of 66,000 Alaskans to feed their families is of at least similar importance to ‘professionals like cake bakers,’’ Wielechowski said in a letter to Dunleavy and Cox.

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Dermot Cole Comments
Korean shakedown to provide cash for Alaska pipeline, Trump official claims

If U.S. Commerce Secretary Howard Lutnick is right, a big if, the Alaska gas pipeline could be a public works project funded by the Korean government under duress.

I find it hard to believe that the Koreans will do what Lutnick claims and hand over $200 billion in cash, some of which Lutnick claims would go to the Alaska LNG project, making it the most expensive example of government involvement in private industry.

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Dermot Cole Comments
Trump excluded Murkowski, sided with Sullivan on federal court judge pick

Sen. Dan Sullivan said he has a “red line” that no Alaska federal judge nominees are allowed to cross.

The Sullivan mandate is that anyone trying to become a federal judge in Alaska cannot be anything like Sharon Gleason, the first woman to serve as a district judge in Alaska.

Speaking to reporters in Juneau seven months ago, Sullivan claimed Gleason has done “more damage to our state that almost anyone” with rulings he doesn’t like.

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Dermot Cole Comments