More Critical Alaska LNG hearings TODAY.  Tune in live, here.  Decisions are about to be made!

Alert: late this morning the Senate passed CSSB3001 following yesterday's approval by the Senate Finance Committee.  The measure gives Alaska's governor the LNG project appropriations he requested in spite of many legislative concerns about his handling of the project to date.

Rep. Gabrielle LeDoux's angry floor speech taking Attorney General to task (We agree with her comments.  -dh)​

Here is our written testimony, provided to the House Finance Committee yesterday evening.

From our Consumer Energy Alliance friends of Alaska, comes this alert about an Anchorage BOEM Hearing next MONDAY.  Let's Comment TODAY!  Then arrive before 6:30 Monday to get a good seat and read your testimony!  Make it short and sweet, from the heart and about your family and livelihood. It's Easy.  Support our Liberty Field production and enhanced TAPS throughput!  -dh

CBC-TransCanada Wants Keystone Delay – US CONTINUES WORK & DELAYS ANSWER & WHITE HOUSE SAYS IT WANTS TO CONSIDER TC MOTIVATION!

Our Commentary And Our Guru's: Growth of Electric Cars and UBER May Be Bad For Oil But Good For Natural Gas Producers and LNG Transporters

 

Speak Out in Support of Alaska's Economy

Policymakers in Washington need to hear from you in support of Alaskan energy production! 

The Bureau of Ocean Energy Management (BOEM) is holding a public meeting in Anchorage on Monday, November 9 from 7:00 p.m. – 10:00 p.m. (Embassy Suites at 600 E. Benson Blvd.) to get public comments on the potential development of the Liberty oilfield, located in shallow waters off Alaska’s northern coast. 

Alaska needs this!
 
Please come to tell BOEM to promptly complete its regulatory review and environmental analysis of this proposed project.
 
Key Points to tell BOEM:

  • The Liberty oilfield is estimated to contain up to 150 million barrels of oil, enough to replace imports of crude from Russia and the United Arab Emirates for ~13 years! 
  • Access to new sources of crude will help maintain the long-term operational viability of the Trans-Alaska Pipeline System.   
  • Development and production of the Liberty oilfield will provide Alaskans and the nation with economic and societal benefits and good, high-paying jobs.
  • The central element of this project — construction of a self-contained island that connects to land by pipeline — has been proven to be a safe and effective method for developing energy resources in the Alaskan Beaufort, with four other such islands having been built and utilized over the course of nearly three decades.

Also, don’t forget to tell Washington to allow America to develop its Alaskan energy resources by sending a formal letter before the public comment period closes!

 

CBC News.  TransCanada Corporation has asked the U.S. State Department to pause its review of the presidential permit application for the Keystone XL pipeline.  Much more here….  

 

Commentary: Sure the growth of electric cars is bad for oil and refined gasoline products, but what a blessing for gas producers–and our readers following US and Canadian LNG projects.  Coal used to generate about half of US electricity — the cheapest half — but is rapidly being replaced with natural gas.  That trend is moving on a faster and steeper curve owing to the abundant domestic production of shale gas.  Below is additional insight from our Mid-Atlantic O&G analyst friend who commented on this recent article on the subject.  –dh

Last week a colleague (and reader) posed the following question to us:“Have you seen anything published on self driving cars' impact on fuel demand?”  In our true research style, we kicked the question to Allen, and Allen delves into the topic in the attached Musings. We did add, however, that we see Uber (and eventual competitors to that business model) as being at least as great a threat to gasoline demand. Whereas the technology for mass use of electric cars still has to overcome the need for mass fueling stations and a lower recharge time for batteries (and/or longer range between charges), Uber has no such infrastructure hurdle to overcome. A cheap, quick, reliable driving service is the ultimate commoditization of the car.

We then ran across the excellent blog post linked below, the heart of which is printed for the time-constrained. The author links the electric car to the Uber service. It makes a lot of sense, and it is certainly a possible trend to watch.

Bottom Line: Uber is not just a threat to the taxi business, it is a threat to the automotive and gasoline industries.

 

Here is written testimony we provided to the House Finance Committee yesterday evening.