Why Murkowski is closing the deal fast

Posted: Tuesday, June 20, 2006

Gov. Hickel hit the nail on the proverbial head when he asked, "What's the rush," in regard to approving Murkowski's back room gas line deal.

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Hickel intended the question to be rhetorical, but I believe this is the answer: Mr. Murkowski is pulling out the stops and pressuring the Legislature to approve the package because he knows that delaying a decision will allow Alaskans to see the contract for the scam it is.

Can anyone claim the gas will lose its value if we do not rush to sign the deal? Not likely.

When we lock our state out of control of our own resources for the next 30 years, we are denying all the lessons of history and economics. Think of the old-timers who say "I remember when bread was a dime a loaf." They could never have anticipated paying $3.49 a loaf for bread. Yet today, that is what it costs. We are in the same spot.

We can no more anticipate the value of that gas to Alaska in 30 years than we can guess what the price of a meal, a car or a house will be. Of one thing we can be sure: Any deal we lock ourselves into now is going to seem like an absolute gift in 30 years.

And that is why Gov. Murkowski is in a hurry. Every used-car salesman knows the trick. Close the deal while the sucker is hot.

Jim Greenough

Juneau



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