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

Our editorial on this subject coming later today.... 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 [...]

8-17-16 Who Wants To Invest In Cook Inlet?

Those interested in gas supply for Alaska's largest population center will want to note our commentary on this subject, 2012.   We would also observe that the Administration's desire to supply gas to Fairbanks from what may well be a dwindling Cook Inlet supply, could endanger gas ratepayers in both Fairbanks and Southcentral Alaska.  -dh Alex DeMarban NGP File Photo, by Dave Harbour Alaska Dispatch by Alex DeMarban.   For the past decade, a lack of industry interest has prompted the federal government to cancel several proposed lease sales in Cook [...]

By | August 17th, 2016|Commentary, Interior Energy Project (IEP), Uncategorized|0 Comments

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

8-11-16 World Knows What Alaska’s Governor Won’t Admit: NOW IS NOT THE TIME For An Expensive 800 Mile Pipeline/LNG Export Project!

Our Aussie Energy Analyst friend evaluates the Alaska LNG project: NOW IS NOT THE TIME. We have long observed that Alaska's governor and legislature would be wiser to focus their energies on enabling Alaska to live within its means, rather than overtaxing current investors or over spending dwindling state savings accounts and/or pursuing an uneconomic, expensive LNG project when, NOW IS NOT THE TIME!  -dh LNG and international gas, by our Aussie blogger: An interesting regulatory comparison between two of the more interesting but challenging international pipeline projects - Alaska [...]

By | August 11th, 2016|Commentary, LNG, You Read It Here First|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

8-4-16 Alaska Gasline CFO Calls It Quits

  AGDC finance VP quits; Walker vetoes bill to put legislators on board Bruce Tangemon, AGDC's Departed CFO. (Note: we have always considered Tangemon to be a man of high principles.) NGP File Photo by Dave Harbour. Alaskajournal.com The Alaska Gasline Development Corp. is moving ahead with its alternative financing concept for the Alaska LNG Project with a couple leadership ...

8-3-16 We Find The Alaska Governor’s Position Wanting

Dear Reader: Alaska Governor Bill Walker. NGP File Photo by Dave Harbour Today we add our note to the story below: We find the state's position wanting.  If Alaska governor Bill Walker's predecessor governors wished to demand competitive producer information, they would have put that demand in the original Prudhoe Bay Lease Sale -- and future lease sale -- requirements.   Adding requirements -- especially those that violate federal laws -- after a lease sale, after investors pay their bonus bids, after exploration and development and construction of [...]

7-29-16 Friday Review – Good News From COP and BP

Alaska State Senator Mia Costello. NGP Stock Photo by Dave Harbour Steve Quinn of Petroleum News Conducts a Probing Interview of Senator Mia Costello After Alaska's Governor Denies the Legislature Seats On the Board of the Legislatively Created Alaska Gasline Development Corporation (AGDC). We Hope The Legislature Takes Off Its Gloves Sooner Than Later And Puts A Halt To His Socialistic Hegemony.  Governor Walker is Destroying Alaska's Investment Climate To the Detriment of All Citizens.  -dh  (More) Three important pieces from the Alaska Journal of Commerce this past week! [...]

By | July 29th, 2016|Commentary, Interstate Gas, Intrastate Gas, LNG|0 Comments

7-27-16 Alaska’s Creditworthiness Declines Again

Alaska's Governor Bill Walker takes no responsibility for a declining credit rating as he continues to joust at the windmills of socialist acquisition of Alaska's resource wealth deterring industry investment in a low oil price environment.  Brilliant.  -dh Governor Walker’s Statement on Moody’s Downgrade of Alaska’s Rating “Today’s news from Moody’s Investors Services is concerning but, unfortunately, not surprising. Moody’s says, ‘The downgrade recognizes the state’s political inability – at least for now – to address its severe fiscal challenge.’ The agency’s analysts cite our strengths—our available cash reserves and [...]

By | July 27th, 2016|Commentary, Uncategorized, You Read It Here First|0 Comments

7-26-16 “Pipe Dreams” – August 24 – Anchorage

The anti-civilization cadres are at it again, turning enviro-military assets away from TransCanada's stalled Keystone toward TransCanada's Energy East Pipe Dream.  Note the tremendous fundraising and political connections of NRDC.  -dh Energy East Pipe Dream is new target for anti-Keystone XL group Financial Post's Claudia Cattaneo; NGP file photo by Dave Harbour Jul 26 2016, 10:58 ET | By: Carl Surran, SA News Editor Climate change plans from Alberta’s and Canada’s governments are failing to moderate anti-pipeline campaigns, as the Natural Resources Defense Council - which led the assault against [...]

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 & [...]