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 [...]

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 [...]

7-4-16 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 [...]

7-1-16 Much Alaska gas pipeline/LNG food for thought over the Independence Day weekend!

Yesterday we commented on the overall chaos enveloping Alaska  as it seeks fiscal stability. Fiscal stability is a critical risk for big investments -- like a multi-billion dollar energy project.  If fiscal stability does not exist, savvy energy investors must cease or postpone projects until risks become less threatening. Alaska Governor Bill Walker In such a caldron of multi dimensional issues, we see great political/emotional support for construction of an Alaska gas export project. However, the realities of world energy prices, high and unpredictable Alaska tax policy, a run-away spending history, and democrat leaders [...]

6-28-16 ALASKA’S GOVERNOR: Clouds Of Suspicion Descend On Him As His True Motives Begin To Emerge

Is this the question everyone would like to ask? Alaska Governor Bill Walker. NGP Stock Photo by Dave Harbour. If Alaska's Governor Bill Walker were not conniving to convert Alaska into a sick, modern version of Hugo Chavez' socialist  utopia, why would he be overspending, demonizing the state's biggest investors and seeming to move toward a takeover of various oil & gas leases and transportation and distribution systems?   -dh     Anchorage Daily Planet Editorial: Disaster in the making? Added by Editor on June 27, 2016. [...]

6-27-16 Four Ways The New Panama Canal Will Change The World

Change the world, yes.  But how will it affect Alaska's LNG Project? MAERSK shipping is one of the great transport support companies in the world.  Its Panama Canal story BELOW could be read as an advertisement. Bill Walker, Governor of Alaska. NGP file photo by Dave Harbour. However, we read it as a documentary on how competition for an Alaska LNG project has just increased.  Larger draft vessels transporting LNG from the Gulf coast and abroad through the new/improved Canal will have cheaper access to Alaska's natural Asian [...]

By | June 27th, 2016|Alaskanomics, Arctic Policy, Commentary, Competition, LNG|0 Comments

6-21-16 The Socialist Cabal Attacks Nuclear, et. al.

Wildrose blasts NDP over climate plan advertising, Calgary Herald ... per-capita greenhouse gas emissions in the fight against climate warming and to help the province win outside support for stalled pipeline projects ... NGP Readers: be aware that as the enviro-industrial-governmental cabal continues (i.e. via protests, confrontation, litigation, statute and regulation) to vilify and outlaw OCS activity, oil, pipelines, coal and nuclear energy projects, more reliance will fall on natural gas power generation.  Now, the cabal is targeting nuclear but also natural gas.  So when the inevitable market and political winds [...]

5-17-16 Daunting Federal OCS and Oil State Budget Challenges

From Dan Kish at the Institute for Energy Research comes this comment (i.e. below left) on the federal government's consideration of its 2017-2022 5-year leasing plan.   The IER analysis carefully addresses nationwide concerns about access to federal lands/waters for energy exploration and production.  Since Alaska is such a huge component of federally managed OCS  resources, IER correctly recognizes Alaska's potential:  ...there has been far greater leasing in the Gulf of Mexico than the Alaska OCS and as a result the reserve estimates have nearly sextupled in the Gulf of Mexico while remaining [...]

6-16-16 Canadian Community Fights For LNG/Pipeline Project

ACTION ALERT Five-Year OCS Lease Sale Plan, deadline today! PLEASE RESPOND TODAY: HERE’S HOW Here's the pat on the back you'll receive when you submit your comment: "Your comment was submitted successfully!" Mining by Dean Pelkey.  Canadians Stand In Support Of Pipeline/LNG Project! Platts.  Alaska and North Slope producers are discussing possible new ownership structures for the large Alaska LNG project.... We always value the wisdom and information transmitted by our Ak-Headlamp friends and today is another illustration of why this is so: Alex Epstein, a recent speaker at [...]

5-23-16 By Increments We Can Lose A Nation’s Liberty

Energy Is The Very Foundation Of North American Freedom Eco-socialist Strategists Know That The Means, Transportation and Distribution of Energy Production Can Come Under Their Control Via Government Expropriation And/Or Regulatory Power by Dave Harbour Today we ask our readers to recognize the dots that connect socialism and eco-activism to the undoing of free energy markets and freedom itself. We will demonstrate why this transformation is not merely the natural swing, back and forth, of a political pendulum. Our readers can surely agree that: Freedom can be eliminated by eliminating free enterprise. [...]

5-21-16 Alaska Gas Project: When Does One More Straw Break The Camel’s Back?

Tim Bradner, NGP Photo by Dave Harbour 5-13-11 Tim Bradner of the AJOC brings us another Alaska gas monetization reality: wetlands mitigation (Story below).  Higher but unknown additional mitigation/litigation costs cannot improve feasibility of AGDC's (https://www.agdc.us/) government investment in the Alaska LNG project (http://ak-lng.com/).  Nor can such open-ended future expenses make the state's socialist equity investment in Alaska LNG more beneficial to citizens. This is precisely the type of uncertainty that leads project proponents to add additional contingency requirements to Financing Plans: uncertainty requires hedging as greater assurance of "project completion" to satisfy [...]

5-16-16 When Will Oil Prices Recover Enough To Re-establish Alaska & Alberta Prosperity?

"It's Tough To Make Predictions, Especially About The Future"  -  Yogi Berra Commentary By Dave Harbour Dan Yergin, NGP file photo. (See Yergin's WSJ comments below) By mid-year, 1967, Atlantic Richfield Company's (ARCO) Susie rig had completed its Alaska North Slope oil exploration mission, unsuccessfully.  Then, an old friend and colleague, Harry Jamison, ARCO's Alaska Manager, prevailed upon company Chairman, Robert O. Anderson, for one last well attempt.  "Robert O" as we called him, supported the recommendation to the Board, which approved that one more try.   Just after [...]

5-12-16 How The Federal Government Stole Alaska’s Statehood Birthright

Even if the federal government were to restore the natural resource birthright it has stolen from the 49th State, Alaskans would STILL remain challenged.  For when its citizens enjoyed what seemed to be unlimited oil wealth 3-4 decades ago, it taxed more and spent more and more -- until it had developed an unsustainable lifestyle.  So, we do hope that great leadership can free Alaska of the federal overreaching jurisdiction and violations of due process described below.  But then, equally great leadership -- with disciplined citizen support -- must establish sustainable government services [...]