NOTICE TO CANADIAN READERS (This applies to Americans as well): This may be one of the most important calls to action you will have heard this year. The clock is ticking and the North American way of life is running out of time. -dh
Calgary Herald, by James Wood. Saskatchewan Premier Brad Wall came to the heart of the oilpatch Wednesday to warn that the energy industry is under “existential threat” from environmental activists. … In a speech to the Explorers and Producers Association of Canada at the Petroleum Club, Wall slammed the idea of a national carbon tax and took aim at both the United States government for rejecting the Keystone XL pipeline and other Canadian provinces for throwing up obstacles to energy transportation projects. … Wall, whose Saskatchewan Party was recently re-elected for a third term, said the energy industry needs defenders against “an ever-growing matrix of activists,” citing proponents of the Leap Manifesto within the NDP and the divestment movement that calls for companies and public bodies to shed their energy holdings.
Please Refer To This Extremely Important Commentary By The Alaska Journal Of Commerce’s Andrew Jensen:
“Only in Alaska could a guaranteed $1,000 to every man, woman and child be considered a rip-off”
Special Alaska Legislative Report
While this is a report from a State Senator to her constituents, we believe it gives important insight to our readers behind the trade-offs contributing to resolving Alaska’s fiscal crisis. -dh
Juneau Legislative Update
Senator Cathy Giessel
June 8, 2016
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Dear Friends and Neighbors, |
Many folks have been contacting me in regard to my vote on SB 128 (Percent of Market Value or Protect the Dividend Act).
I want to set a few things straight. I have always been an advocate for no new taxes or tax increases on Alaskans. I voted my conscience to support SB 128 knowing that it would prevent further taxes from being levied on Alaskans. SB 128 considers today’s Alaskans and tomorrow’s Alaskans.
SB 128 utilizes savings that were always intended to fund state government and still preserves a dividend payout for the future generations of Alaska. The passage of SB 128 requires that further spending reductions and budget cuts continue to be made in the future. That’s because SB 128 has a spending cap and the spending amount does not fill the full budget shortfall.
Instead of turning to citizens to foot the bill for government services, I remain committed to reducing the size and cost of state government.
Click here to view the above image in a larger format.
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Senate Bill 128: Explained
What is the purpose of the Permanent Fund?
The 1976 state law establishing the Permanent Fund (AS 37.13), states that the Fund was created:
SB 128 – Permanent Fund Restructuring
Click here to view the complete Legislative Finance document on SB 128. |
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Current Oil and Gas Prices
Price needed to balance this year’s reduced budget – about $105-109 per barrel.
Crude Oil (WTI) $51.06 per barrel
Brent Crude (ICE) $52.32 per barrel Natural Gas (NYMEX) $2.47 Japan LNG (JLNGIP) $7.00 Click here to view the current prices.
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