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 & [...]

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 [...]

7-11-16 Socialism Threatens Both Albertans and Alaskans

Our Advice To Albertans and Alaskans Q.  Why is our prosperous, fossil fuel-energized way of life under such attack? A. Because that's where the money is. Those of us who want to protect our way of life better strengthen our bleeding hearts and quit compromising. The socialists/communists/anarchists/progressives/democrats/leftists are the extremists.  They want to create welfare states (i.e. a la Chavez, Hitler, Lenin) with themselves in charge.  It's not about "the people"; it's about transferring power and money from our free enterprises to their tightly controlled, dictatorial government enterprises. So our advice [...]

By | July 11th, 2016|Commentary|0 Comments

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 [...]

7-5-16 Meanwhile…on the Washington, D.C. front

  (Note: as we have observed for about 15 years, now, Alaska and its natural resource based Constitution and economy face two major opponent groups: 1) Alaska based environmental and social activists (primarily democrat operatives), and 2) Washington D.C. activists (Primarily a progressive democrat administration supported by a well organized environmental/socialist political network).  Today's report reflects the continuing work of the Alaska Support Industry Alliance and the state's Congressional delegation to fend off Alaska's federal adversaries.  -dh) Rebecca Logan, General Manager, Alaska Support Industry Alliance, NGP file photo by Dave Harbour Date: July [...]

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 [...]