| Submit your comments on this article |
| -Signs, Portents, and the Weather- |
| Russian oil tanker arrives to rescue Nome |
| 2012-01-16 |
| A USCG icebreaker cut a path through hundreds of miles of ice to allow a Russian oil tanker to moor off Nome's harbor in preparation for laying a temporary pipeline. The intention was to deliver 1.3 million gallons of fuel to the icebound city. An early winter storm had prevented the usual late fall delivery of fuel, and the next regular fuel delivery would not have been done until late May or early June. For the year 2011 each eligible Alaska resident received $1,174 as a dividend from Alaskan oil production. Completely uncovered by the MSM was how a city, in Alaska of all places, manages to sponsor such a predicament and continues to prove itself incapable of building and maintaining a reserve of oil adequate for nature's vagaries. Perhaps Nome is a poster child for the US's energy slavery. |
| Posted by:Anguper Hupomosing9418 |
| #4 I second Frank G., I want to move my anemic IRA to the bunch handling Alaska's money. |
| Posted by: Cromert 2012-01-16 23:34 |
| #3 $734,000 to $39,000,000,000? Who's advising? Hillary Clinton? Please.... |
| Posted by: Frank G 2012-01-16 23:01 |
| #2 The belief that the Alaska Permanent Fund Dividend comes from oil revenue or taxes is a misconception. In 1976 the State of Alaska invested $734,000 in the stock market on behalf of the people of Alaska. Excellent management of the fund, by an independant agency, mostly outside government control, has enabled the to fund grow to more than 39 billion dollars today. Although the origianal $734,000 came from oil revenue the Alaska Permanent Fund profits today do not come from oil production. The fund profits are generated almost entirely by investments in the stock market and other income producing entities. Currently the fund itself earns about 2 billion dollars per year. Each year about 5% of the profit is divided equally between all legal residents of Alaska, regardless of age. This annual infusion of money from sources outside the state, just before Christmas, gives a tremendous boost to the Alaska economy. The predicament in Nome can be blamed almost entirely on the Environmental Protection Agencey's refusal to permit more than 6 months of fuel storage in such an environmentally sensitive area. This forces the fuel distributors to barge in their fuel in late November in order for the suppply to last until the ice goes out in the spring. Severe storms during the month of November prevented normal fuel transportation. Hence the predicament. Fuel can be flown in during the Winter months but that is very hazardous and raises the price beyond what most of the indigenous population can afford. |
| Posted by: junkiron 2012-01-16 22:07 |
| #1 At the bottom - Opinion appeared to be divided in Nome, where some welcomed the arrival of the tanker and others thought it was a manufactured and unnecessary crisis. Cari Miller was among the residents unconvinced a real crisis was at hand. The 43-year-old mother, who has lived in Nome for eight years, said she believed that another fuel provider in town had plenty of fuel for the community. “We do not have a fuel crisis,” she said. “It wasn’t necessary.” So, was an inventory made? Were plans in place for rationing? I'm sure the same MSM that dumpster dived on Sara Palin would check, right? /sarc off If it bleeds it leads. Quick Johnson, get me a crisis we have columns to fill. |
| Posted by: Procopius2k 2012-01-16 09:56 |