9-19-16 “Do Alaska’s Citizens SERIOUSLY Want A Government Owned, Politically Controlled Gas Pipeline/LNG Project? Really?”

Honoring another dearly departed friend, Father Norman Elliott From Ak-Headlamp this morning: AGDC president Keith Meyer challenged the idea that Alaska LNG isn't the best path forward for the state in an Alaska Dispatch News op-ed. According to Meyer, "Everyone wants to monetize their gas, but we want to open the project to broader market participation. AGDC welcomes producer investment but also recognizes that investing in the project assets as an equity owner may not generate the return they need. Setting up a transparent tolling structure allows the [...]

9-16-16 – “Oh! What a tangled web we weave, when first we practice to deceive”

When Trust Is Trussed In Webs of Abuse (Forbes: Hope For Massive Alaska Energy Project Crashes and Burns ***** Clarion: Hope springs eternal - but the money won't) Sir Walter Scott's, "Oh! What a tangled web we weave, when first we practice to deceive", contains a principle of trust essential to the survival of a free state. We have seen what a tangled web the U.S. federal administration has spun by its pattern of lawlessness and overreaching jurisdiction justified by complex alibis (i.e. IRS, Keystone, Pebble, Dakota Access, Alaska, etc.)  We have also seen a new [...]

9-12-16 Father Elliott: Dearly Departed – State Fiscal Crisis & Gas Pipeline Confusion Continue

From Must Read Alaska: FATHER ELLIOTT TAKES HIS LEAVE Beloved to many Alaskans, Father Norman Elliott passed away on Sept. 9, 2016. He was 97. Father Elliott was a U.S. Army veteran of World War II. He was heading to seminary when he joined the Army in 1942, after the Japanese bombing of Pearl Harbor, Hawaii. Elliott fought the Germans in France, Luxembourg, Germany, and England. In an interview, he said in 2013: “I remember good times, I remember bad times.  I remember times where I barely escaped by the skin [...]

9-2-16 Either Way, Alaska’s Investment Climate Is Damaged

Commentary Is Alaska's bureaucracy about to take control of both the great Prudhoe Bay oil & gas field and one the world's largest, most remote, highest cost pipeline/LNG projects without proven economic feasibility?  Alaska Governor Bill Walker. NGP file photo by Dave Harbour Since taking office nearly two years ago, Alaska's governor, has been marching toward accumulation of 100% equity and management control over what may well be the largest construction project in the history of North America, the Ak-LNG project; it is currently, not proven to be economically feasible.  Today, we'll review [...]

8-30-16 Alaska Once Thought (Erroneously) It Was Impervious To Competition – Alberta Is Learning The Same Lesson

Learn From History, Not The Hard Way by Dave Harbour An oil patch can become so proud of itself that it loses the competition, snatching defeat from the jaws of victory. How does it do this? A fossil fuel producing area becomes uncompetitive by jacking up taxes and royalties to the maximum.  Then it uses that largess taken from hapless investors to build great bureaucracies and entitlement systems. Politicians, socialist and environmental activists use "community organizing techniques" to form movements against big bad (wealth producing) fossil industries.  This [...]

8-29-16 Both Alaska and Canada Confront Economic Challenge

David Blackmon, NGP Stock Photo by Dave Harbour Alaska Headlamp.   Might as well wave the white flag. In another piece, Forbes contributor David Blackmon argues that the DOI Five-Year plan marks a "surrender" in US Arctic policy. According to Blackmon, "As Russia gears up to dominate the Arctic region, having created the world's largest fleet of ice-breaking ships and even going so far as to plant its national flag at the North Pole, DoD officials have let it be known that... Frasier Institute: Taxes, not basic necessities make [...]

By | August 29th, 2016|Alaska Taxes, Commentary, Interstate Gas, Intrastate Gas, LNG|0 Comments

8-28-16 Alaska Gas Pipe Dream Demise?

State takes control of gas line megaproject; consultant warns of major risks KTOO (Photo by Rachel Waldholz, Alaska's Energy Desk) ... The new head of the Alaska Gasline Development Corp., Keith Meyer, said he's considering two ... Grim news for gas pipeline Juneau Empire (subscription) Over the past year, representatives of the Alaska Gasline Development Corporation have promoted the notion that the state itself could take over total ...              

By | August 28th, 2016|Alaska Taxes, Interstate Gas, Intrastate Gas, LNG|0 Comments

8-27-16 More Bad Gas Pipe Dreams

Exxon Mobil Backs Out of Proposed Alaska LNG Project Wall Street Journal Bill Walker has sought to advance the long-delayed project by taking a direct stake through the state-ownedAlaska Gasline Development Corp. Legislators lukewarm on BP support of state-led gas project - Alaskajournal.com State considers taking over Alaska LNG project - Argus Media Full Coverage State takes control of gas line megaproject; consultant warns of major… Alaska Public Radio Network Keith Meyer, the new head of the Alaska Gasline Development Corp., said he's considering two major

By | August 27th, 2016|Alaska Taxes, Interstate Gas, Intrastate Gas, LNG|0 Comments

8-26-16 Alaska Governor’s Pipe Dream Exposed!

Our editorial on this subject coming later Monday.... Later today, we will address the subjects raised in this news release, issued yesterday: Alaska Governor Bill Walker, NGP file photo by Dave Harbour Governor Walker’s statement on this week’s Joint Senate/House Resources Committee hearing on the status of the AK LNG project: I appreciated the testimony by world renowned energy analyst Wood MacKenzie on the viability of the current AK LNG project.  This independent analysis, contracted by our producer partners and AGDC, indicated that the traditional model [...]

8-25-16 Alaska’s LNG Project Is Not Currently Feasible

Commentary for our readers: This is not the time to mortgage our state to one man's infeasible Pipe Dream! Yesterday, we addressed the World Trade Center - Anchorage on the subject of "Alaska's Pipe Dreams".  Tomorrow we will provide readers with our notes and research for that presentation, along with many links.  Our audience yesterday learned why the evidence demonstrates that, NOW IS NOT THE TIME FOR ALASKA LNG.  Citizens are facing economic disaster if they support the current governor's Pipe Dream of an unproven, uneconomic nationalized LNG project run [...]

By | August 25th, 2016|Alaska Taxes, Commentary, Interstate Gas, Intrastate Gas, LNG|0 Comments

8-23-16 Gas Transportation Tops Alaska’s Agenda This Week!

This is a big week for Northern Gas Pipelines: we address the World Trade Center on Wednesday.  On the same day, Alaska State Senate Resources Committee Chairman, Cathy Giessel kicks off two days of hearings that probe the Administration's scheme to put Alaska at risk by assuming control over an economically unproven, $55 billion gas pipeline/LNG project.  -dh Alaska's Pipe Dreams | Dave Harbour | August 24 WORLD TRADE CENTER ANCHORAGE Meet & Brief Luncheon August 24 Speaker: Dave Harbour Publisher Northern Gas Pipelines Topic: Alaska's Pipe Dreams Date: August 24, 2016 (Wednesday) Time: [...]

8-20-16 For Next Week’s Calendar: ALASKA’S PIPE DREAMS

Alaska's Pipe Dreams | Dave Harbour | August 24 WORLD TRADE CENTER ANCHORAGE Meet & Brief Luncheon August 24 Speaker: Dave Harbour Publisher Northern Gas Pipelines Topic: Alaska's Pipe Dreams Date: August 24, 2016 (Wednesday) Time: 12:00 - 1:00PM Location: WTC Conference Room Cost: $30 members / $35 non-members (includes lunch) About Dave Harbour: Dave Harbour is publisher of the Northern Gas Pipelines blog, created 15 years ago. He has served as director or vice president of public, governmental or external affairs for the 26 member Arctic Gas Consortium, Northern Natural Gas of Omaha, Atlantic [...]

8-18-16 Will Alaska (and Alberta) Go the Way of Venezuela and Argentina: Never Say Never!

(See our mid-Atlantic energy analyst friend's Venezuela commentary next story below) With Competent Leadership Alaska's Future Could Still Be Prosperous by Dave Harbour Alaska brings in less than half the price for oil needed to have a current balanced budget.  Up to 90% dependent on oil revenue, the state has worked itself into a $3-4 billion annual budget deficit. State leaders seeking the 'easy way out' are funding the deficit by taking money from the next generation.  How?  They are depleting savings accounts and passing on tax credit obligations to [...]

8-15-16 Alaskans and Canadians Will Ignore The Need To Be Competitive AT THEIR PERIL

We are indebted to our anonymous, Mid Atlantic energy advisor for providing the important analysis below.  It demonstrates why some producers may be subsidizing continuing operations to support cash flow demands -- on the hope that prices will rise in time to rebuild the financial strength of those producers. One notes with concern that Alaskan and Canadian oil and gas operations have special difficulty with low price environments.  Most of their competitors operate in areas closer to markets, with lower labor costs, lower transportation costs, lower logistical costs and lower [...]

By | August 15th, 2016|Alaska Taxes, Commentary|0 Comments

8-10-16 Alaska’s Governor Adds Advisor Costs To Deficit Spending

Deficit Spending Governor Hires More High Powered "Advisors"  (We join Ak-Headlamp in expressing respect for economist John Tichotsky, but disappointment in a governor who ignores the meaning of "Hiring Freeze".  -dh) Two's company. Gov. Bill Walker hired former chief economist John Tichotsky and former commercial analyst with the state's natural resources department Ed King as economic advisors. "John kind of ran the economic staff kind of like a think tank — which was great when we had the money for it," said Randy Hoffbeck, the state revenue commissioner. Tichotsky's [...]

By | August 10th, 2016|Alaska Taxes, Commentary|0 Comments