8-31-16 Big Prudhoe Bay Decision Tomorrow: Free Enterprise or Socialized Enterprise?

ExxonMobil Withdraws from Proposed LNG Facility in Alaska, U.S. supermajor, ExxonMobil Corporation XOM, has decided against ... stake through the state-ownedAlaska Gasline Development Corp (“AGDC”).  Yahoo Finance Exxon Backs Out of LNG Project in Alaska, The Founders Daily.  The energy corporation decided not to invest in the next stage of the ... stake through Alaska Gasline Development Corp—a state-owned company. Oil discoveries at 70-year low signal supply shortfall ahead.  Explorers in 2015 discovered only about a tenth as much oil as they have annually on average since [...]

By | August 31st, 2016|Commentary, Interstate Gas, Intrastate Gas, LNG, Uncategorized|0 Comments

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

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 [...]

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

7-28-16 U.S. Chamber Honors U.S. Senator Lisa Murkowski’s U.S. Energy Policy Proposal

Karen Harbert, president of the U.S. Chamber of Commerce Institute for 21st Century Energy, speaks to the Anchorage Chamber of Commerce July 25 as part of her trip north to endorse Sen. Lisa Murkowski for reelection and to present her the chamber’s Spirit of Enterprise Award award. Photo/Elwood Brehmer/AJOC Alaska Journal of commerce, by Elwood Brehmer.  Alaskans should take a long and holistic view of energy prices despite the immediate challenges their state faces, according to the leader of the U.S. Chamber of Commerce Institute for 21st [...]

By | July 28th, 2016|Interstate Gas, Intrastate Gas, LNG|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 [...]