7-22-16 Japan’s LNG Buyers Should Be Cautioning Alaska and Canada About Pending, Expensive, Risky LNG Projects

Our Commentary: Today our Aussie O&G energy analyst friend focuses his astute observation on how LNG prices are being reviewed -- to the benefit in a buyers market -- of buyers.  This observation would tend to support Alaska producers' and Shell's (BC) more cautious approach to North American LNG projects targeting major Asian markets.   Of course, Alaska's socialist leaning governor is not deterred, continuing to move toward more state control of Alaska's energy industry, and the multi-billion dollar risks to his citizens which accompanies such Venezuela-like behavior.  -dh Aussie Oil & [...]

7-19-16 Alaska’s Governor Made A Good Personnel Decision, Perhaps, But Continues A Hugo Chavez-like Assault On Free Enterprise And The Oil & Gas Industry

We have mixed reactions to Governor Walker's latest decision! John Hendrix, NGP stock photo by Dave Harbour Yesterday, Alaska Governor Bill Walker appointed former Alaska manager for Apache Oil to a newly created position, chief oil and gas advisor.  That assignment is a cabinet level position that invades traditional turf of the Commissioner of Natural Resources, his Director of Oil & Gas and the governor's special assistant for natural resources (i.e. that has traditionally included oil and gas policy issues). At first glance, this looks like an important improvement [...]

By | July 19th, 2016|Alaska Taxes, Commentary, Interstate Gas, Intrastate Gas, LNG|0 Comments

7-15-16 A Little Sign Of Alaska Gasline Ethics Traps….

   (Note: readers may submit comments on this story below.)  ALERT - ALERT - ALERT NOTICE THIS AFTERNOON.  BOEM releases draft Environmental Impact Statement for Potential Cook Inlet Lease Sale: Agency Seeks Public Comments through Sept. 6 Potential Gasline Ethics Warning In late 2015 we warned Legislators to get rid of any gas line public funding for many reasons, including a litany of conflicts of interest likely to emerge.  (Read below, column right) Commentary: Alaska's Quixotic gasline governor is intent on risking hundreds of millions of public, EQUITY dollars on a gas pipeline/LNG project -- even without [...]

7-14-16 This Governor’s Anti-Investor Actions Should Not Surprise Alaskan Citizens

The incumbent Alaska governor's anti-free enterprise, anti-investor actions should not surprise citizens for one minute: this is who the man is.   For important reference of our readers, we provide the following link to our commentary and analysis nearly a year ago: Alaska's Governor Issues Bombshell Gasline Report This is who a majority of Alaskans elected a couple years ago: read the analysis and weep.  Then mobilize to stop the insanity!  -dh COMMENTARY: Veto of tax credit payments damages Alaska By: Benjamin Johnson Guest commentary Posted: Wed, 07/13/2016 - 10:40am [...]

7-13-16 Alaska’s Governor Prods For More ‘Revenue’; Legislature Balks

Just Received: Alaska Governor throws down the gauntlet; legislature won't be intimidated (Read two sides below).  The implications for oil and gas investment in a state of self-imposed chaos is significant for the future of an Alaska North Slope gas pipeline, as well as future O&G capital investments.  Meanwhile, our readers know that 90% of Alaska's operating budget and over a third of its economy rests on the shoulders of robust, confident, continuing and secure O&G industry investments.   Unfortunately, Alaska has not shown itself to be a place [...]

7-12-16 Fiscal Crisis & Gas Pipeline 2001, “Lest We Forget”

We have a special treat for Alaskans and their Legislature today -- and, our Canadian readers.  Scroll down for two commentaries, Christmas 2001, re: gas pipeline and fiscal crisis issues.  "Lest We Forget"  -dh Is our quotation from 2001 -- in response to Senator Dave Donley -- still applicable today?  Comment:  "Such is the nature of political struggle as governments become highly dependent on resource revenue or government grants, when resource prices fall and/or when rates of production and/or national revenues diminish.  In such situations, political leaders should beware of becoming too [...]

7-10-16 “Alaska Is Their Own Worst Enemy” -Rex Tillerson

Brennan, Anchorage Daily Planet: State line wouldn’t have tax-happy partner The notion of a state-owed gas pipeline conjures visions of an 800-mile-long grain elevator sitting financially high and dry, too expensive to ship gas at a price the market will accept. That is a very real and realistic worry. State governments generally don’t do those things well — and the state’s record on publicly owned and managed properties is horrible. Think the grain elevators built to support Mat Valley farmers, the railroad passenger terminal at International Airport, the Point [...]

7-7-16 DOI RELEASES FINAL ARCTIC OCS DRILLING REGULATIONS

ALERT ALERT ALERT HERE IS THE DOI LINK YOU'LL NEED HERE ARE THE ACTUAL NEW ARCTIC OCS REGULATIONS Cautionary note: The email alert we issued today indicated that we would have more to say in coming weeks about these Arctic OCS regulations.  Our initial scanning of the regs today, did not lead us to immediate judgment.  We deeply respect the work of Congressman Bishop (below) and his predecessor, Doc Hastings.  However, on this issue of the Arctic OCS regs, study is required before reaching final conclusions.  A respected friend with one of [...]

7-6-16 Alaska’s Crisis of Leadership

Alaska's Crisis of Leadership (Also see Representative Lynn Gattis' column on what she calls the state's "budget crisis" coming up on July 8.) While today we address Alaska, note that our cousin, the Canadian province of Alberta is also in the hands of a liberal government presiding over stunted production, low oil prices, a protected bureaucracy, lack of pipeline infrastructure, and an unsustainable spending policy.  -dh by Dave Harbour Dr. Scott Goldsmith, University of Alaska - Anchorage Institute of Social and Economic Research (ISER). Goldsmith has been the [...]

7-4-16 Celebrate The Fourth: Rededicate to God, Country, Free Enterprise and Energy Independence

Steve Moore's New Book precisely reflects the philosophy of this webpage for the last 15 years--and your publisher's philosophy as a member of the Regulatory Commission of Alaska: Deregulate where we can; regulate where we must.  In this way we protect the public interest in general and consumer interest in particular by enabling the private sector to provide the greatest volume of energy responsibly...for the lowest possible cost. From Amazon: "In Fueling Freedom, energy experts Stephen Moore and Kathleen Hartnett White make an unapologetic case for fossil fuels, turning around [...]

7-1-16 Much Alaska gas pipeline/LNG food for thought over the Independence Day weekend!

Yesterday we commented on the overall chaos enveloping Alaska  as it seeks fiscal stability. Fiscal stability is a critical risk for big investments -- like a multi-billion dollar energy project.  If fiscal stability does not exist, savvy energy investors must cease or postpone projects until risks become less threatening. Alaska Governor Bill Walker In such a caldron of multi dimensional issues, we see great political/emotional support for construction of an Alaska gas export project. However, the realities of world energy prices, high and unpredictable Alaska tax policy, a run-away spending history, and democrat leaders [...]

6-21-16 The Socialist Cabal Attacks Nuclear, et. al.

Wildrose blasts NDP over climate plan advertising, Calgary Herald ... per-capita greenhouse gas emissions in the fight against climate warming and to help the province win outside support for stalled pipeline projects ... NGP Readers: be aware that as the enviro-industrial-governmental cabal continues (i.e. via protests, confrontation, litigation, statute and regulation) to vilify and outlaw OCS activity, oil, pipelines, coal and nuclear energy projects, more reliance will fall on natural gas power generation.  Now, the cabal is targeting nuclear but also natural gas.  So when the inevitable market and political winds [...]

6-19-16 Alaska’s Governor Calls 5th Special Session

Bill Walker, Governor of Alaska. NGP file photo by Dave Harbour. Commentary: This afternoon, Alaska Governor Bill Walker called for a 5th Special Legislative Session to deal with the State's fiscal crisis: Here is the proclamation.     ///     See his video press conference here. We believe Walker may also be creating for himself a political crisis, for several reasons: The proclamation puts back on the table all of the most controversial issues rejected during earlier sessions: Use of the state's permanent fund earnings for government operations and a broad [...]

5-17-16 Daunting Federal OCS and Oil State Budget Challenges

From Dan Kish at the Institute for Energy Research comes this comment (i.e. below left) on the federal government's consideration of its 2017-2022 5-year leasing plan.   The IER analysis carefully addresses nationwide concerns about access to federal lands/waters for energy exploration and production.  Since Alaska is such a huge component of federally managed OCS  resources, IER correctly recognizes Alaska's potential:  ...there has been far greater leasing in the Gulf of Mexico than the Alaska OCS and as a result the reserve estimates have nearly sextupled in the Gulf of Mexico while remaining [...]

6-15-16 BP’s Statistical Review Of World Energy Continues to Impact Energy Dialogue

ACTION ALERT Five-Year OCS Lease Sale Plan, deadline tomorrow! PLEASE RESPOND TODAY: HERE'S HOW BP's Annual Statistical Review of World Energy.  A week ago, we drew a number of conclusions from BP's annual statistical energy review, linked here if readers missed it.  Below are other perspectives our readers will appreciate, though the writers didn't focus as much attention on the serious financial impact alternative energy subsidies pile onto family and business consumers worldwide. The BP report paints a realistic world portrait of energy price and demand volatility: the enormous energy supply [...]