8-11-17 A Looming Disaster in Alaska’s Susitna Basin?

Today we provide this letter that a long time reader and natural resource expert sent us yesterday.  While the general subject revolves around forest management for maximum benefit of Alaska’s people, we note that the concepts of multiple use and sustain yield apply to oil, gas and mining.  Why?  Because mining and energy do not preclude other uses of public and private lands — and are highly regulated in any case.  Second, while forests and hunted and fished species, managed properly, are “renewable”, oil, gas and mining are “newable”.  Finite mineral and mining production can be “newable” resources in the sense that when reasonable government regulatory and tax burdens are in place, investors will continue to look for and find the “new” wealth hidden within the earth’s crust from time’s beginning, enabling those industries to look very much like those engaging in “renewable, sustained yield, multiple use management of living resources”.  As an example, when investors over three decades ago were given assurance by republican and democrat leaders of Alaska that a “fair share” of production had been attained, a 20 year period of stability and new investment materialized.  Investors’ confidence, in fact, turned an initial proved reserves calculation at Prudhoe Bay (i.e. 9.6 billion barrels) into what has now become a production history of over 17 billion barrels of Alaska North Slope oil.  Therefore, we continue to urge elected and regulatory officials to regard both mineral and living natural resources as “renewable” or “newable”.  In either case, jobs and prosperity follow political certainty when prospective, profitable production beckons and officials keep faithful to the state’s constitution.  Thanks, Terry, for your insight today.  -dh

By |2017-08-11T11:38:29-09:00August 11th, 2017|Alaska Taxes, Alaska's Fiscal Crisis, Commentary, Reader Comment|0 Comments

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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.

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