3-6-18 Stop the LNG madness!

Alaska’s Imprudent LNG Folly Threatens Its Future

The Alaska Legislature should stop the madness and funding during this legislative session

by

Dave Harbour

Yesterday, we again made reference to the folly of doing risky, long term business deals with communist China, with whom the United States is still at a state of war on the Korean Peninsula, along with North Korea.

Sure, China buys a lot of fish from private, Alaska commercial fishing businesses.  That is far different than an Alaska governor, expropriating the multi-multi-billion dollar Alaska North Slope gas commercialization project and bartering with the communists to undertake a risky 20-year venture that is both undefined and uncompetitive at this time.   If, as we believe, the Alaska LNG project is among if not the least competitive of such schemes in the world, why would China be interested?  Why wouldn’t Japan or the Republic of  Korea be offering more than diplomatic MOUs and polite lip service as they accumulate truly competitive LNG commitments elsewhere?

Alaska Governor Bill Walker. NGP File Photo by Dave Harbour

Alaska’s Legislature should stop funding Governor Bill Walker’s quixotic LNG endeavor immediately, however well-intended it once may have been.  The venture cannot end well for Alaska or the United States.  Do Alaska’s politicians not appreciate the fragile wall now separating war and peace between the U.S., North Korea and her ally, China?

Nicolas Maduro, Venezuela’s socialist (i.e. communist) dictator.

How could a half-designed, $45-60 billion LNG/gas pipeline venture with unproven economics, incomplete regulatory support and no financing plan be even in the realm of prudence when it is owned and controlled by temporarily elected and appointed politicians and bureaucrats subject to legislative interference and positioned for corruptive practice?

Do Alaska’s leaders truly want their Governor to lead them down the socialist energy path that has created such political and economic horror in Nicolás Maduro Moros’ Venezuela?

References: Alaska governor details plans for trade trip to ChinaLegislative session heats upWalker pursuing trade mission to China: VIDEO By Steve QuinnLNG project to use Kenai city waterKSRM Radio: Governor Walker Announces ‘Opportunity Alaska’ Program


 

For Our International Trade (or, Wannabe Trade) Friends

EXPORT COMPLIANCE 201 TRAINING

 Keep Current on YOUR Requirements as an Exporter!

Why travel to the lower 48?!

Learn from an EXPERT!

WHO SHOULD ATTEND:  Business Owners,  Finance Managers,Traffic Managers, Plant Managers, ISO Managers, Sales Managers, Controllers, Operations Managers, Purchasing Managers,  Shipping/Receiving Personnel, Customer Service Managers, Compliance Officers.  Anyone Involved with Exports!

DATE:  April 6, 2018

TIME:  Doors Open at 8:00 am, Program 8:30 am – 4:30 pm

LOCATION:  Business Technology Center

600 E. 36th Avenue, Redoubt Room, Anchorage, AK

TOPICS INCLUDE

  • Learning about FCPA – Foreign Corrupt Practices Act
  • Successor Liability and How it Affects you
  • Understanding the six ways to Export/Import Duty Free
  • Exporting Samples, Warranties, Repairs & Replacements
  • Proper customs Valuation as well as Transfer Pricing with Related Parties
  • Three (3) Drop shipment Scenarios with Proper Customs Values & Documents
  • Best Practices of Successful Companies

Certificate of Completion will be Awarded.

This full day training is eligible for (6) NASBITE-CGBP Re-Certification CEU’s.

ABOUT THE TRAINER

We welcome International Compliance Trainer Mike Allocca for his first visit to Alaska from South Carolina!  Mike became interested in Logistics while a senior at Suny Albany. He quickly worked his way up over 10 years from internal operations to vice-president of sales for a New York based company where as a Presidents Team member he accrued well over one-million dollars in gross sales in 12 consecutive months for 6 years in a row.

An University at Albany accelerated executive MBA Program graduate, Mike has sat on the board of directors of the global business network.  He created and conducted worldwide compliance & logistics training to many of the worlds leading companies. In 2006 Mike started his own consulting company under Allocca Enterprises Inc. and has been working with companies across the United States ever since.

Mike is a Certified Global Business Professional (CGBP) through NASBITE.

QUESTIONS??  Contact Mike Allocca at  Admin@Alloccaenterprises.com or 800.684.8012

Cost is  $250 per person by March 23rd; $295 per person after March 23rd.  Price includes all reference material, morning pastries/coffee & box lunch.  Seating is limited; reservations with pre-payment is required.  No charge parking available at venue.  Must RSVP via FAX 803.684.8014 Attn. Mike Allocca.  Checks must be received no later than April 5th.  Please visit the website, www.alloccaenterprises.com, to pay via credit card on-line.

**Cancellations will not be refunded and must be received 72 hours (3 complete business days) in advance of programs in order to receive credit towards a future program.

Allocca Enterprises, Inc., 356 Cameron Road, York, SC  29745, t:  803.684.8012

Export Council of Alaska thanks our Sponsors and Partners: U.S. Commercial Service and World Trade Center of Anchorage.

Canada

Kenney threatens to stop flow of oil to BC, put toll on natural gas.  CBC.ca.  Alberta’s Opposition leader says if he becomes premier there will be “serious consequences” for British Columbia if it blocks the Trans Mountain pipeline expansion. Jason Kenney said Monday he would be prepared to stop permits for the shipment of Alberta oil to B.C. through the existing Trans …

Today, a friend passed on the following comment related to the above story penned by energy investment banker, G. Allen Brooks.  -dh

Canada is confronting its oil and gas export bottlenecks, which are being exposed in the regional battle between Alberta and British Columbia over the Trans Mountain pipeline expansion.  Surprisingly, wine drinkers in western Canada were the latest to suffer.  -G. Allen Brooks


Urquhart: Alberta’s climate change claims ring hollowCalgary Herald  The provincial government’s full-page advertisement lamented the dispute between the Alberta and B.C. governments over the need and wisdom of the pipeline project. Alberta’s advertisement urged British Columbians to see their error in judgment, to appreciate that Alberta really was taking “decisive …

Alaska – U.S.

FERC grants Mat-Su Borough’s request on Port Mac.  Mat-Su Valley Frontiersman.  The U.S. Federal Energy Regulatory Commission, or FERC, has told Alaska LNG, now led by the state of Alaska, to take another look at Mat-Su, and as of … Alaska LNG was led by North Slope producing companies in a consortium in which the state-owned Alaska Gasline Development Corp. or AGDC, …


International

Since Russia views the Arctic and her energy resources with hegemonic and determined exploration — and now, development — we find this analysis of the U.S. – Russia relationship of extreme interest to our adjacent countries and of high value to our U.S. and Canadian diplomatic and military strategists.  -dh

The Real Russian Disaster

By Victor Davis Hanson

Donald Trump has said a lot of silly stuff about Russia, from joking about Vladimir Putin helping to find Hillary’s deleted emails, to naïve musings about the extent of Russian interference into Western democratic elections. But far more important than what he has said is what Trump has done. That same caveat applies to Hillary Clinton and Barack Obama.

Start with two givens: Vladimir Putin is neither stupid nor content to watch an aging, shrinking, corrupt, and dysfunctional — but still large and nuclear — Russia recede to second- or third-power status. From 2009 to 2015, in one of the most remarkable and Machiavellian efforts in recent strategic history, Putin almost single-handedly parlayed a deserved losing hand into a winning one. He pulled this off by flattering, manipulating, threatening, and outsmarting an inept and politically obsessed Obama administration.

Read more….


One Comment

  1. Neil DeWitt March 8, 2018 at 6:09 pm - Reply

    Two things come to mind; first, GREED if we didn’t need to get rich this would be a good investment. That being said it was only 4 billion dollars in 1990. We sat on our collective thumbs and here 28 years later now it’s how much? Just think of all the PFD money we would of spent already if the gas line was built in the 90’s. Second, yes China might not be our best buddy but is their money any different than anyone else’s? I say build the LNG and make a PFD like Governor Hammond did and let’s get off the get rich idea. If you build it they wI’ll come! Canada and Mexico still need LNG and once it’s built I’m sure they will buy from us if we don’t over charge the stuff out of it. That all being said we will get rich off of it but it will take a few years longer.

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About the Author:

Dave Harbour, publisher of Northern Gas Pipelines, is a former Chairman of the Regulatory Commission of Alaska, a Commissioner Emeritus of NARUC, NARUC's Official Representative to IOGCC and Vice Chairman of NARUC's Gas Committee. He served as Gas Committee Chairman of the Western Conference of Public Service Commissioners. He also served as commissioner of the Anchorage Bicentennial Commission and the Anchorage Heritage Land Bank Commission.He earned a Bachelor of Arts Degree: English, at Colorado State University, a Master of Science Degree: Communications-Journalism at Murray State University and graduated from Utility Regulatory School for Commissioners at Michigan State University. He served as a Vice President for Communications and Public Affairs at Alaska Pacific University, taught bank marketing classes at the University of Alaska and was an English teacher at Los Alamos High School.Harbour served in ranks of Private - Captain during a 4-year assignment with the Army in Korea, Idaho, Georgia and Fort Meade and received the Meritorious Service Medal among other commendations.Harbour is also a past Chairman of the Alaska Council on Economic Education, the Alaska Oil & Gas Association Government Affairs Committee, the Anchorage Chamber of Commerce, the Export Council of Alaska and the Department of Commerce's District Export Council. He is a past President of the Alaska Press Club, American Bald Eagle Foundation, Consumer Energy Alliance-Alaska and Common Sense for Alaska.Harbour was instrumental in founding the American Bald Eagle Research Institute (UAS), the Alaska Support Industry Alliance, the Downtown Anchorage Business Partnership, and Arctic Power.He also served as CEO of several small Alaska organizations, including the Anchorage Parking Authority and Action Security, Inc. Harbour is also Chairman Emeritus of the Alaska Oil & Gas Congress.Harbour's wife, Nancy, is a professional, performing arts administrator and his three boys, Todd, Benjamin and William work in the fields of environmental management, energy marketing and medicine.