The State of Alaska is looking to do something unprecedented here in the United States; it wants to be an equity partner in the Alaska LNG project that BP (NYSE:BP), Exxonmobil (NYSE:XOM), and ConocoPhillips (NYSE:COP) has proposed. This move raises a couple questions. Why does Alaska want to be a business partner with Big Oil? And how are they going to pull this off, anyways? A lot of it comes down to Alaska's previous dealings with oil companies in the state and the large amounts of cash the company has on hand.

Tune into the video below to find out what this could mean for the state of Alaska, and why the big players like BP and Exxon would probably like to get the state involved in this $65 billion project. 

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Fool contributor Aimee Duffy has no position in any stocks mentioned. Fool contributorTyler Crowe has no position in any stocks mentioned. You can follow them on Twitter @TMFDuffy and @TylerCroweFool, respectively. 

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