Calgary Herald by Rebecca Penty.  Canada’s largest pipeline company based in Calgary is set to re-apply for U.S. federal approval to build its proposed Alberta-to-Texas Keystone XL oil pipeline while it also examines reconfiguring part of its Canadian mainline gas line into a conduit for oil. A repurposed mainline could deliver up to 800,000 barrels per day, according to the proposal, to eastern Canadian refineries eyeing western crude that’s selling at a bargain to world prices.

Special session ends after House adjourns
Sean Parnell, Governor, Alaska, Special Session Adjourns, ACES, Oil Taxes, AGDC, gas pipeline, bullet line, Photo by Dave HarbourAnchorage Daily News
Sean Parnell (NGP
 Photo) to lower oil taxes and develop a natural gas pipeline was rocky throughout and fizzled to an end Monday evening with no legislation passed on either topic. The state House said it saw no hope of moving the only item still on the agenda, 
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Game plan: go home
Juneau Empire
By Pat Forgey House leaders abandoned plans to push through their favored natural gas pipelineplan, and Monday joined the Senate in adjourning the special legislative session called by Gov. Sean Parnell last month. In a post-session press conference, 
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Alaska House adjourns, leaves gas bill unfinished
Herald Times Reporter
Left unresolved was a gas pipeline bill that House members had looked for ways to salvage, but they found little or no support from the Senate. Lawmakers did pass a bill on the special session call regarding human trafficking, but Gov. Sean Parnell 
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Parnell doesn’t plan another special session
Anchorage Daily News
Sean Parnell says he does not plan to call lawmakers into another special session to deal with an in-state gas pipeline bill. The Alaska House adjourned from special session Monday, with leaders venting frustration with the Senate.
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Alaska House decides to follow Senate and adjourn; gas pipeline bill unresolved
Fairbanks Daily News-Miner
by Becky Bohrer / AP JUNEAU, Alaska – The Alaska House adjourned Monday and left an in-stategas pipeline bill unresolved, mirroring the Senate’s action last week and marking the end of a tumultuous special session that seemed doomed from the start.
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Alaska special legislative session over
Alaska Dispatch
 Alaska’s oil taxes and constructing a small-diameter pipeline to deliver natural gasto Alaska’s Railbelt communities all fell apart in the last five days, so many dominoes falling after Gov. Sean Parnell dropped his political bombshell last week.
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Alaska Dispatch
Point Thomson headed back to court yet again?
Alaska Dispatch
Natural gas pipeline advocate and former gubernatorial candidate Bill Walker originally thought Gov.Sean Parnell’s administration had inked a decent settlement with the oil giant and its partners — BP Exploration, ConocoPhillips and Leede Operating 
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Special Session Falls Apart on 13th Day
There was no agreement on a much talked about small-diameter natural gas pipeline. At 5:27 PM, The House suddenly and unexpectedly voted to adjourn. Their vote came four days after the Senate had decided to exactly the same thing — but for different 
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House leaders struggle to keep session going
Juneau Empire
By Pat Forgey The House of Representatives indicated Friday that it would force the Senate back into session, as House Speaker Mike Chenault, R-Nikiski tries to keep his gas pipeline legislation alive. The Senate adjourned Thursday, but under the state 
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Gas line bill would not have led to cheap energy anytime soon
Fairbanks Daily News-Miner
by dermotcole The special session fizzled out Monday with House Republicans saying the failure to get an in-state gas pipeline bill passed was a defeat to their efforts to get lower energy costs for Alaskans. From the way they talked, 
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The Wall Street JournalVirginia Could Be an Energy Power- If Washington Would Let It **Op-ed by Gov. Bob McDonnell
When President Obama endorsed an "all of the above" energy strategy in this year’s State of the Union address, he gave the impression that he was finally adopting an aggressive policy. Unfortunately, the president’s words are worlds apart from his actions—especially when it comes to developing our nation’s abundant offshore oil and natural gas resources. To see that disconnect in action, look at the Commonwealth of Virginia. In 2010, Virginia was poised to become the first state on the East Coast permitted to produce oil and natural gas offshore.
The Houston Chronicle: Wind could power offshore platforms
Wind power could be an economic solution for fueling offshore oil and gas platforms. At least, it’s an idea being batted around for rigs in Norway. The country’s incentives for cutting emissions have made offshore wind in shallow water a solution that could save companies as much as $2.63 million per megawatt of energy, said Atle Rygg Ardal, a researcher for SINTEF Energy Research of Norway, who presented a paper on the subject Monday at the Offshore Technology Conference in Houston.
The price of natural gas jumped by nearly 5 percent Monday after government data showed that producers are making good on promises to cut supplies. Chesapeake Energy Corp., ConocoPhillips and Encana Corp. have each said that they would take some natural gas operations offline this year. They were forced to, in part, because of their own success. U.S. supplies have ballooned to nearly 60 percent above the five-year average, after a wave of new shale drilling delivered more natural gas to the market than people were able to use. The glut pushed natural gas prices to 10-year lows this month, and some experts say the country may eventually run out of places to put it.
Wall Street Journal: Obama Rallies Union Support
President Barack Obama used an address to members of building trades unions to slam Republicans in Congress while trying to assure union workers that he wants to put them back on the job – a speech Republicans dismissed as pandering to labor and dodging the issue of a jobs-creating pipeline project that he opposed. Addressing the AFL-CIO’s Building and Construction Trades Department, Mr. Obama said Monday that Republicans have blocked multiple jobs bills that would have put hundreds of thousands of construction workers back to work repairing crumbling roads, schools and transit systems.
You wouldn’t know it from campaign rhetoric, but gasoline prices have been trending down. Six months out, polls show the presidential race is very close and that the frail economy and jobs still top voter worry lists. Thus even a small drop in gas prices could generate big political ripples. Generally, any slide in gas prices should benefit President Barack Obama more than presumptive GOP challenger Mitt Romney, and vice versa.
With the 2012 election season under way, gas prices are on the top of voters’ minds. But while political leaders debate options, industry experts disagree that the solution lies in Washington, D.C. Gas prices have been going up since the late 1990s and have ridden a roller coaster over the past four years.
With Alaska poised to become the next frontier in offshore drilling this summer, the state’s two senators, Republican Lisa Murkowski and Democrat Mark Begich, find themselves in agreement. It’s an encouraging setting for companies hoping to drill in the Arctic Ocean, but a gloomy prospect for environmentalists concerned about the risks of moving too rapidly toward oil and gas exploration in the harsh conditions off the north coast of Alaska.


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By | 2016-12-22T22:32:18+00:00 May 1st, 2012|Alaska Taxes, Intrastate Gas|0 Comments