Petroleum News by Alan Bailey (NGP Photo). On July 22 the federal Bureau of Safety and Environmental Enforcement issued permits allowing Shell to drill the top hole sections of two wells in the Burger prospect in the Chukchi Sea. Shell now has all of the permits that it needs to start drilling. However, BSEE is prohibiting Shell from drilling into hydrocarbon bearing zones until....
U.S. Sen. Lisa Murkowski, (NGP Photo), yesterday issued the following response to the Interior Department’s approval of two conditional permits to Shell to resume its exploratory drilling in Alaska’s Chukchi Sea:
“Today’s approval by the Department of Interior of the permits Shell needs to resume drilling in the Chukchi Sea is good news for Alaska and our country. However, it is not the final regulatory hurdle Shell faces and it is important that the agencies continue to work in good faith and in a timely fashion to complete the remaining regulatory requirements.
“With an estimated 25 percent of the world’s undiscovered conventional oil and gas resources and active exploration by countries like Russia, it’s critical that the United States set the standard for responsible development in the Arctic. America will only truly assume that role when it actively engages in developing its resources.
“My attention remains focused on ensuring exploration proceeds safely this season and that Alaskans benefit from the development of our resources through revenue sharing.”
Petroleum News. The U.S. Fish and Wildlife Service has issued a letter of authorization, allowing the minor, unintended disturbance of walrus and polar bears during Shell’s planned exploration drilling in the Chukchi Sea this year. Shell has been moving its drilling fleet north in preparation for its drilling progr....
Petroleum News: EPA: No widespread harm from fracking - 06/14/2015 (Login to read Full story) Hydraulic fracturing to drill for oil and natural gas has not caused widespread harm to drinking water in the United States, the Environmental Protection Agency said June 4 in a report that also warned of potential contamination of water supplies if safeguards are not maintained. A draft study issu....
KTVA VIDEO. Alaska is on track to build the largest natural gas project in the world, according to the Alaska Gasline Development board.
They say the U.S. Department of Energy’s license approval is big news — it means Alaska will be allowed to sell its liquefied natural gas (LNG) to any country in the world. Before, only countries on the United States’ free trade list were allowed. It will open the market into Asia, where countries like Japan are in desperate need of LNG.
“Getting that, I can’t say enough, it’s a huge step in the process to get the LNG,” said Dave Cruz with AGDC.
Commentary: Today, Governor Rick Perry (NGP Photo) announced his candidacy for president. His message embraced a reversal of most Obama-era policies--especially those involving energy. He said, "There is nothing wrong in America today that a change in leadership will not (correct)." (Full Video Below)
We hope that is so; if it is to be so, it will take the sort of passion, commitment, experience and determination reflected in his remarks today.
Yesterday a dear friend on Facebook posted an editorial about 'unaffordable housing costs and stagnant wages'. It sounded to me like the article was a pretext to more massive wealth transfer from the producers to the beneficiaries of our welfare society. We too lament the predicament of many but went on to offer this analysis (edited), with which my FB friend agreed:
Government increases costs of regulation for 20 million small (not to mention large) businesses causing an export of jobs and wealth, then taxes at an excessive rate, then borrows $18 trillion from our children, and then says to all businesses: "now we will force you to pay more per hour for your employees whether their skill, education or the value of the job itself merits more compensation or not."
American citizens are no longer masters of their government, but indentured to it. The generations since WWII have -- intentionally or not -- given away a large portion of the freedom inherited from our ancestors that led to the most successful, free country in history.
High housing costs and "stagnant" wages are not the cause of our economic malaise, but a symptom of it.
An answer to today's morass of economic malaise is not to increase the army of bureaucrats; it is to cut taxes , trim regulations and undertake massive tort reform to reduce everyone's hidden costs and create more private sector jobs.
The answer is not more government subsidized programs today, financed by our kids tomorrow. The answer is not more minimum wage projects that kill small business growth (LAX, SEA).
The answer is us: self reliant citizens who would rather do without than subject our children to a crushing, impossible debt burden acquired by selfish generations of parents.
We add this little information box because we believe it is relevant to Governor Perry's comments today. -dh
This is not an endorsement of this particular candidate for we have also been inspired by the announcements of other candidates. And we have also been impressed with the commitment of some other candidates who rely on a rededication of America to the 'rule of God', which we believe to be indispensable to the survival and prosperity of the American experiment.
But we heard nothing today that would discourage our eventual support.
He said that, "Energy is vital to our economy." Among the more specific energy statements he made were the promises that on the first day in office he would freeze any Obama administration pending regulations; approve the Keystone pipeline; and, authorize the export of natural gas to European allies to free them from dependence on Russian supply.
From a national defense perspective he sent a message to Russia's Vladimir Vladimirovich Putin, "If energy is to be used as a weapon, America will have the largest arsenal."
"During my 14 years as governor," Perry said, "Texas companies created almost 1/3 of all new American jobs. In the last 7 years of my tenure Texas created 1.5 million new jobs. Without Texas America would have lost 400,000 jobs."
We note that those are impressive facts and accomplishments, not merely promises.
He added that during his governorship, Texas was an engine of growth because under his watch, the state 1) controlled taxes, 2) focused on reasonable regulations, 3) invested in an educated work force, and 4) stopped frivolous lawsuits (See our related comments, left column).
He said that Texas enjoys the country's second highest high school graduation rate, the highest graduation rate for black and Hispanic students.
Texas led nation in exports, he said, provided historic tax relief and balanced its budget for 14 years (though, in fairness, one notes that while the federal government can avoid balancing the budget by printing money, states cannot print their own currency and must balance their budgets).
In these pages we have lamented the current administration's departure from the rule of law. Perry emphasized the value of maintaining law and order. He recalled that when President Obama refused to control the border, he activated the Texas National Guard. The policy worked. He added, "If you elect me your president I will secure that border. Homeland security begins with border security".
In order for America's energy industry to thrive, the country must be protected. Perry pledged to do that. He said that the most basic compact between the President and the citizens is to keep the country safe. He said that a great lesson of history is that strength brings peace and order while "weakness and vacillation" invite chaos and conflict.
|Dave Harbour, publisher of Northern Gas Pipelines, is a former Chairman of the Regulatory Commission of Alaska, a Commissioner Emeritus of NARUC, and NARUC's Official Representative to IOGCC. He is also past Chair of the Alaska Council on Economic Education, former Chair of the Anchorage Chamber of Commerce, and past President of the American Bald Eagle Foundation. A former Army officer, Harbour has directed external affairs operations of major oil and gas companies, served as a university vice president and been CEO of several small businesses. Harbour is also Chairman Emeritus of the Alaska Oil & Gas Congress and past President of the Alaska Press Club.|