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: [...]

8-18-16 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 [...]

8-11-16 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

8-7-16 Don’t forget the Alaska LNG CO2 Cost Burden!

CNEB hearings on Energy East Pipeline set to begin in Saint John Steve Butt, Alaska LNG project. NGP Stock Photo by Dave Harbour ADN by Alex DeMarban.  The Alaska LNG megaproject has a $10 billion problem other gas projects don't face — a huge volume of carbon dioxide must be prevented from entering the atmosphere where it may speed up global warming. The senior manager for the project, an employee of the lead oil company, ExxonMobil, said there is no federal law requiring that all carbon dioxide — a major greenhouse gas [...]

By | August 8th, 2016|LNG|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 [...]


THIS MORNING FROM ALASKA HEADLAMP: Bill Popp, Anchorage Economic Development Corporation. NGP File Photo by Dave Harbour All in our heads? According to Anchorage Economic Development Corp. CEO Bill Popp., "It's easy to get caught up in the emotions" of Alaska's economy right now. At an annual three-year economic outlook presentation, Popp said that the current slowdown may not be as bad as it seems. Citing net job losses, housing and population developments, Popp said there is much to work with in Alaska. That being said, Popp concluded [...]

By | August 2nd, 2016|Alaska Taxes, LNG|0 Comments

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 [...]

7-12-16 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 [...]