In wake of this week's successful conference, we offer our highest compliments to Oil and Gas Economist Roger Marks (NGP Photo) and his colleague members of the Alaska Chapter of the US Association of Energy Economists. The Alaska group hosted the national convention this week. Here is the agenda. Summarizing the event, Marks said, "The conference was terrific. I would say the three highlight take-aways would be:
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Yesterday, DOE's Acting Assistant Secretary Chris Smith (NGP Photo) described the Department's work with the Alaska Department of Natural Resources in the area of methane hydrates, saying that it is, "an area of utmost interest to the Department.ACES (i.e. the former production tax regime) was much higher than the international competitive norm, which reduced investment and production. Competition matters.
- Alaska North Slope Gas is considerably challenged internationally given all the competition and declining prices in Asia.
- The Russians have very sophisticated ice-breaking tankers up and running.
Homer News by Michael Armstrong. In a symbolic ceremony last Thursday afternoon, Gov. Sean Parnell wielded a shiny silver crescent wrench and turned the valve of South Peninsula Hospital’s natural gas meter.
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“Today the Committee "The Obama Administration publicly touts that it is ‘the most transparent in history.’ However, its ESA-related actions—through executive orders, court settlements with litigious groups, and rules to list species—instead force regulatory actions that shut out Congress, states, local communities, private landowners—even scientists who may dispute the often sketchy or unverifiable data used for these decisions." |
continues oversight of the Endangered Species Act,", House Natural Resources Committee Chairman Doc Hastings (NGP Photo) said earlier this morning, "with a specific focus on the lack of transparency of data and science used in literally hundreds of sweeping listing and habitat designation decisions that affect both species and people. Yesterday, Gallup Chairman and CEO Jim Clifton addressed the Annual Economic Forecast Luncheon of the Anchorage Economic Development Corporation. (More Monday….)
Today's EIA report documents the supply competition faced by producers and local governments of Alaska and Canada: "U.S. proved crude oil reserve additions in 2011 set a record volumetric increase for the second year in a row, according to U.S. Crude Oil and Natural Gas Proved Reserves, 2011, released today by the U.S. Energy Information Administration (EIA). Natural gas proved reserves rose also, but by less than 2010's record increase. Nevertheless, natural gas reserve additions in 2011 rank as the second largest annual increase since 1977."
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