10-17-16 Alaska LNG: Among World’s Least Competitive

Click edit button to change this text. Andrew Browning. Northern Gas Pipeline file photo by Dave Harbour A panel of experts gave their views on the shifting supply-demand balance, which is bolstered by more takeaway capacity to Mexico and via newly opened terminals on the Gulf Coast. Four panelists, including one from Canada, expressed different views about what was unfolding, but all agreed that the supply-demand picture will be quite different by the end of next year, not to mention the next 10 years, during the [...]

By | October 17th, 2016|Alaska Taxes, Commentary, Fracking, Interstate Gas, Intrastate Gas, LNG|0 Comments

10-14-16 We Lament The Passing of Former Premier Jim Prentice!

James Prentice. Northern Gas Pipelines file photo by Dave Harbour We lament the passing of a great Canadian leader: Former premier Jim Prentice, who, with three others, was killed in Kelowna-area plane crash, yesterday. When we chaired an Arctic Gas Symposium in Calgary, it was a pleasure to dust off our French and introduce Jim in both of his country's languages.  We sat together over lunch discussing his desire to see an Arctic gas pipeline properly developed with minimal delay...and his love for hunting pheasants in the Dakotas.  He seemed [...]

By | October 14th, 2016|Alaska Taxes, Alaska's Fiscal Crisis, Commentary|0 Comments

10-13-16 Bradner Calls for Caelus Caution

ADN by Tim Bradner.  Shucks — just when Alaskans are starting to take our state's huge financial problem seriously, someone finds a bunch of oil. Last week's announcement by Caelus Energy that it had found a large oil accumulation on the North Slope is really good news. But it shouldn't give our legislators an excuse to chicken out again on some tough fiscal decisions. Need for caution For one thing, we have to view Caelus' find with a certain caution. The 6 billion-barrel figure, for example, is oil in place, [...]

10-10-16 Did Alaska’s Senators Jump The Gun Trashing Trump?

Our take on this headline: Alaska Sens. Sullivan and Murkowski call on Donald Trump to drop out of presidential race After the disgusting Trump "hot mike" comments from 11 years ago, we collected our thoughts and offered them to Tim Pawlenty last Saturday.  Today, we wish we had similarly counselled Alaska's Senators to not, "jump the gun".  After all the outrage and dust settles, the reality is that a Clinton administration would 1) put the nail in Alaska's natural resource coffin, and 2) coordinate with the liberal Canadian Prime Minister on [...]

10-5-16 OVERHAUL ALASKA’S FISCAL POLICY! – Alaskan and Canadian Energy Players Won’t Want To Miss This Week’s FAIRBANKS Confab!

For Alaska to SurThrive (Survive and Thrive), Alaska's Fiscal Policy Needs an Overhaul! BY JOE BEEDLE AND JOE SCHIERHORN Alaska Business Monthly Joe Schierhorn (L) and Joe Beedle, ABM Photo Brexit is an abbreviation for “British exit,” referring to the June 23, 2016, referendum whereby British citizens voted to exit the European Union. We would argue that Alaska’s exit or avoidance to deal with fiscal discipline amounts to Alaska’s exit from economic and fiscal reality, a dysfunctional end to prosperity, an “AK-IT” scenario. We need legislative action to [...]

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