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Alaska Files Suit Against BP, Exxon Mobil
Associated Press (excerpt) ^ | December 19, 2005

Posted on 12/19/2005 10:14:48 PM PST by HAL9000

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To: Eva
BP has also been restricting the market by controlling the pipeline in WA state

What pipeline are you talking about?

21 posted on 12/20/2005 12:02:43 PM PST by thackney (life is fragile, handle with prayer)
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To: thackney

Conoco approved the pipeline to Valdez, BP and Exxon wanted one through Canada to the mid-west. The Valdez pipeline received state approval and then it seemed as though Conoco was going to bend to the pressure from BP and Exxon and go with the longer pipeline to the mid-west. Today's reports indicate that was not really the case.


22 posted on 12/20/2005 12:08:52 PM PST by Eva
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To: HAL9000
"The only reason for them to collusively not to sell is to try to continue the scarcity that has driven natural gas prices to historic highs," said David Boies, the attorney for the Alaska Gasline Port Authority, which filed the lawsuit.

This guy's one of the highest-paid lawyers in the country, and he can't write a grammatically correct sentence.
23 posted on 12/20/2005 12:12:03 PM PST by Xenalyte (Tom Cruise is in my closet and he won't come out.)
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To: Eva

CococoPhillips supports ONLY the pipeline route that first Parallels the TAPS then the AlCan Highway on to Alberta.

This is clearly shown on the home page of the ConocoPhillips Alaska web site with the document:
http://www.conocophillipsalaska.com/347-149GasBrochure.pdf


24 posted on 12/20/2005 12:20:37 PM PST by thackney (life is fragile, handle with prayer)
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To: Eva
Conoco approved the pipeline to Valdez, BP and Exxon wanted one through Canada to the mid-west.

On Oct 21st, before BP and Exxon, ConocoPhillips agreed to the State's proposal of the TAPS-AlCan-Alberta pipeline plan.

ConocoPhillips, state agree to pipeline terms, ADN

25 posted on 12/20/2005 12:46:27 PM PST by thackney (life is fragile, handle with prayer)
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To: thackney

Yes, that is the pipeline that Conoco agreed to, not the one that BP and Exxon are still pushing for. After the state and Conoco agreed to the terms, BP and Exxon tried to change everything. That is what they are being criticized for.


26 posted on 12/20/2005 2:09:15 PM PST by Eva
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To: Eva
Yes, that is the pipeline that Conoco agreed to

And it is NOT the Valdez route. The first line of the article I linked you to reads:

ANCHORAGE, Alaska (AP) - The state has agreed to base fiscal terms of a contract with one of the three oil companies involved in months-long negotiations to build a multibillion dollar, 2,100-mile natural gas pipeline from the North Slope, into Canada and connecting with markets in the Midwest.

27 posted on 12/20/2005 2:19:13 PM PST by thackney (life is fragile, handle with prayer)
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To: thackney
I don't have time to argue or figure this out, but here is a paragraph from the WSJ, and this is what I know to be going on.

BP and Exxon Mobil argue a pipeline through Canada to the Midwest would increase the value of the gas by delivering to gas-hungry markets (as if California is not)They say that the alternative shorter route to Valdez-which allows for a spur to send gas through Canada-would generate less revenue and expose the $20 billion project to greater risk. BP and Exxon also expect to have a bigger financial stake in the longer pipeline than the one favored by Alaska gasline authority (and Conoco).
28 posted on 12/20/2005 3:01:54 PM PST by Eva
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To: Eva

Did you add the (and Conoco) yourself?

I posted a link directly form ConocoPhillips web site talking about the Candian route being the best economically. I design Oil & Gas Facilities for the North Slope and ConocoPhillips Alaska is my only client.

You do not know what you are talking about.


29 posted on 12/20/2005 3:09:51 PM PST by thackney (life is fragile, handle with prayer)
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To: thackney

Yes, I added the Conoco part. My husband works for the Marine division, which built the LNG tankers to move the gas from Valdez. I am aware that there was a change in the
plan, regarding the longer route, but the article, today, indicates that the shorter route was never completely abandoned.


30 posted on 12/20/2005 3:18:28 PM PST by Eva
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To: Eva
My husband works for the Marine division, which built the LNG tankers to move the gas

Where were the tankers built? In the US?

31 posted on 12/20/2005 3:23:11 PM PST by thackney (life is fragile, handle with prayer)
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To: thackney

We considered it significant that Conoco wasn't included as pushing for the longer pipeline. Conoco either wasn't included in the early planning or different divisions of Conoco were not communicating.

Here is another paragraph, that might clear things up.

The port authority, created in 199 to build a gas pipeline, says it has $18 billion in federal guarantees and the permits to build a pipeline from the North Slope to Valdez in the southern part of the state, where gas would b e liquefied and loaded onto tankers. But BP and Exxon favor an alternative, longer pipeline through Canada, a pipeline over which they'd have more control, the authority charges. (This is what I was telling you about and for which the ships are already started)


32 posted on 12/20/2005 3:28:05 PM PST by Eva
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To: thackney

New Orleans.


33 posted on 12/20/2005 3:29:12 PM PST by Eva
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To: HAL9000
...says the two companies acted together to eliminate competition for the exploration, development and marketing of natural gas from Alaska's North Slope to U.S. markets.

If the allegations are true, which I doubt, this will be very big. I can see it now at the hearings, senator Levin peering over his glasses at the CEOs saying, "Gentleman, when did you stop beating your wives?"

5.56mm

34 posted on 12/20/2005 3:30:38 PM PST by M Kehoe
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To: thackney

It was a simple matter to convert the plans from the ARCO tankers to LNG tankers. It was done without consulting BP and Exxon, apparently. But then neither Exxon, nor BP consulted Conoco. Marine is a very lucrative end of the business and BP is precluded from getting in on it, though they do have a straw company that they operate on the West Coast and Exxon is just gun shy and has divested their marine dept.


35 posted on 12/20/2005 3:36:24 PM PST by Eva
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To: Eva
We considered it significant that Conoco wasn't included as pushing for the longer pipeline.

But ConocoPhillips Alaska IS pushing for it. It is the only project on their web site and in news releases they say is economically feasible. ConocoPhillips Alaska has no agreement or partnership with the Port Authority.

36 posted on 12/20/2005 3:47:42 PM PST by thackney (life is fragile, handle with prayer)
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To: Eva
My husband works for the Marine division, which built the LNG tankers to move the gas

Where were the tankers built? In the US?

New Orleans

I have to question this. Earlier this year it was reported many times up here that there were NO US ship builders of LNG vessels.

37 posted on 12/20/2005 3:49:29 PM PST by thackney (life is fragile, handle with prayer)
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To: Eva
Marine is a very lucrative end of the business and BP is precluded from getting in on it

That is not true. Why do you not read the links I posted to you.

To comply with the law, BP charters a fleet of ships for its Alaska trade and oversees transportation performance. Most Alaska oil goes to BP refineries in Cherry Point, WA, and Carson City, CA. The Alaska Tanker Company (ATC), based in Beaverton, OR, operates BP’s tankers. BP owns 25% of ATC, and as an owner/director, establishes Health Safety Security and the Environment (HSSE) performance criteria based on BP standards. BP tracks ATC performance monthly.

Of the eight tankers in ATC's BP-chartered fleet, three are double-hulled and another four have double bottoms. Two vessels are on long-term charter to ConocoPhillips.

Marine transportation, BP

38 posted on 12/20/2005 3:52:21 PM PST by thackney (life is fragile, handle with prayer)
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To: Eva
Exxon is just gun shy and has divested their marine dept.

If ExxonMobil diversted their marine department, why are they winning awards for their operation?

ExxonMobil's U.S. Shipping Company Receives Washington State Exceptional Compliance Award

IRVING, Texas--(BUSINESS WIRE)--Dec. 2, 2005--Exxon Mobil Corporation (NYSE:XOM) today announced that its U.S. marine transportation affiliate, SeaRiver Maritime, Inc., has been recognized by the Washington State Department of Ecology for excellence in marine safety and environmental stewardship. SeaRiver achieved this through meeting the state's voluntary Exceptional Compliance Program for Tank Vessels (Ecopro) and is the only company to attain full Ecopro status for a third consecutive renewal period since the program's inception in 1999.

39 posted on 12/20/2005 4:06:29 PM PST by thackney (life is fragile, handle with prayer)
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To: thackney

You read it, it's now called Sea River.


40 posted on 12/20/2005 5:44:23 PM PST by Eva
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