Corruption in Alaska Too Severe for Company

This surprises me.....From ages 1-7, I lived in Alaska, and for most of that time, my dad was on Governor Bill Egan's (D) cabinet, and it was not a particularly corrupt place. Now, it appears to resemble Nigeria.

Too corrupt for an energy company, in this case MidAmerican Energy Holdings Co. is a level of corruption that I did not expect to see in the US.

"As you are painfully aware the ongoing corruption investigations coupled with previous indictments, guilty pleas and convictions draw into question virtually every major Alaskan project participant and governmental levels from State to Federal," says the letter from MidAmerican CEO David Sokol. "Obviously your administration had no involvement in these previous shenanigans nor did we; however, you and we alone cannot develop the pipeline project through AGIA's expected process."

MidAmerican was expected to be among the companies applying by Friday's deadline for a package of financial and other pipeline incentives under Palin's Alaska Gasline Inducement Act.

Oil creates bad government, which explains Texas.