Joe, you seem to think that gas moves in the same cycles as oil. The main reason that US gas prices plummeted in the past few years is all the frac prejects that came on line in North Dakota, Pennsylvania and other states. With the decline in prices a lot of those have been mothballed. When prices rise they will reactivate them keeping prices down for a long time. Trans Canada estimated that the cost of the pipeline and processing facilities would add about $5 / MMBTU just to recoup the infrastructure costs. Add on the operating costs, then the cost to ship from Alaska to market. Nobody in the governors piped ream project will tell you what the break-even sale price needs to be but it is probably 5 to 6 times what the current market price of gas is. That's just to break even, not making any profit. For this dog to be worth investing our entire Permanent Fund it needs to make a profit equal or exceeding what the Fund does. Otherwise this is ABB (Another Alaskan Boondoggle).