While Cook Inlet natural gas is currently in limited supply, there are yet-undeveloped natural gas supplies that can be developed to ensure cheap energy until the day the new source is commissioned.
Hilcorp has announced that it intends to invest in additional natural gas wells. The indications are that this may not be enough. Permitting and funding of fossil fuel projects is currently being fought by many who do not fully understand energy, the economics of energy or the full benefit to humanity that abundant and cheap energy provides.
As I have mentioned before, mandating the rate of adopting renewables will not provide cheap energy. It hasn’t work anywhere else. California doesn’t have cheap energy, and it does not have resilience.
Other recent news that might be favorable to finding another long-term, cheap energy source is the planned geothermal lease sale near Mount Spurr. It would be fantastic if the result were the development of 800 megawatts or more of geothermal power. A large geothermal energy source would provide a stable base power source that would work well with the variable renewable power sources that can be spread around the rail belt to help develop microgrids throughout the Railbelt utility.
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