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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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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