1-5-15 Alaska Is A Betting State – Aussie Oil & Gas Analyst Review & Outlook

By |2016-12-22T22:27:44-09:00January 5th, 2016|Alaska Taxes, Alaskanomics, Commentary, You Read It Here First|

You May Not Be A Betting Man or Woman, But Alaska Has Become A Betting State For years Alaska leaders have shunned warnings about overspending and being too dependent on volatile oil prices.  How many still think placing bets on the volatile gas market via equity ownership in an LNG project is wise? Commentary by Dave Harbour Today Standard & Poor's and Moody's credit rating agencies lowered the credit rating of the State of Alaska.   Here are today's Standard & Poor's and Moody's rating announcements. Here is Governor Bill [...]

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1-4-16 For Those Hoping To Sell Natural Gas

By |2016-12-22T22:27:44-09:00January 4th, 2016|Uncategorized|

Our Mid-Atlantic energy analyst friend writes: The Browning World Climate Bulletin is the best source we have seen for weather forecasting. Copyright restrictions prevent us from sending the whole document along, but the following excerpts summarize the its outlook rather well (spoiler alert: This is not for the faint of heart if the reader is in the natural gas production business): ·        The cold pool in the North Atlantic is blocking the flow of the Gulf Stream and creating a positive NAO atmospheric pattern, which has superheated Eastern North America and warmed Western [...]

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1-3-16

By |2016-12-22T22:27:44-09:00January 3rd, 2016|Alaska Taxes|

ADN by Alex DeMarban.  What Are Alaska Politicians' New Year's Wishes?   www.danfagan.us.  Not trying to be cynical here but can someone please explain to me why Republican Sen. Kevin Meyer is demanding the average Alaskan give up more of their hard earned money via a new sales tax while at the same time state leaders for all practical purposes refuse to cut the bloated budget. I can see politicians like Meyer asking you for more of your cash if they had shown any kind of effort controlling state spending. [...]

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1-2-16

By |2016-03-13T03:42:16-09:00January 2nd, 2016|Uncategorized|

Petroleum News by Eric Lidji.   Even decades after their discovery, and years past peak production, the Prudhoe Bay unit and Kuparuk River unit continue to be the two most active oil fields in Alaska. Although oil prices were drastically lower in 2015 than 2014, both units saw greatly increased drilling, according to Alaska Oil and Gas Conservation Commission records.  (More for this story and other iweekly petroleum news)

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1-1-16 New Opportunity and New Challenges For A New Year

By |2016-12-22T22:27:44-09:00January 1st, 2016|Alaska Taxes, Commentary|

Chris Nelson, in his CALGARY HERALD, piece explains why the energy industry is so essential to North American prosperity.  We are only amazed that these principles are not taught in the schools of both countries.  -dh ECONOMIC FREEDOM ON THE WANE IN THE LAST FRONTIER? (Alaska Headlamp) Posted on December 31, 2015 We always appreciate Headlamp's take on energy issues and this is another worthy opinion piece.   See our 12-17-15 commentary on the same subject. -dh Headlamp's Alaska Gasline response to Governor Walker's policy: "Walker said that where 2015 was Alaska’s 'year [...]

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12-31-15 Happy New Year! There is a way to be optimistic!

By |2016-12-22T22:27:45-09:00December 31st, 2015|Alaska Taxes|

As 2015 comes to an end today, let tomorrow's new year inspire the sort of dedication and successful work that creates a noble legacy from our service.  A great East Coast attorney reader emailed us about yesterday's commentary: "Great email, lots of news, but I would like to see YOU more positive about the future.  Give me some hope!"  Happy New Year!  L&E H   (The hope lies in the quality of our sowing, doesn't it?  -dh) A faithful, PhD biologist friend has it right: Alaska should keep its eye on [...]

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12-30-15 Tomorrow is the eve of Alaska’s great year of budget challenge

By |2016-12-22T22:27:45-09:00December 30th, 2015|Alaska Taxes, Commentary|

Tomorrow is the eve of Alaska's great year of budget challenge! by Dave Harbour Our friends in Canada are not immune from fiscal challenges.  After all. spending too much may really boil down to 'human nature' issues that, to understand, require us to 'follow the flows of money and power'.   Canada's leaders and Rebecca Logan and a dedicated Alliance staff add perspective to Alaska's fiscal crisis.         Petroleum News.  No easy answer to Alaska's fiscal crisis. environ- mental consti-tuencies are under-mining   eco-   nomic health   with 'Climate Change' [...]

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12-29-15 Wilson Condon Passes

By |2016-03-13T03:48:15-09:00December 29th, 2015|Personal|

Our friend, former Alaska Attorney General Wilson Condon Passes: Anchorage Daily Planet.  NGP Photo.   Wilson and I became closely acquainted during his service with the Hammond administration.  In subsequent years, as he served in the Knowles and Murkowski administrations we had additional reason to confer an a number of gas pipeline policy matters as well as oil and gas tax, royalty and regulatory issues.   He was an accomplished Alaska attorney.  He was a gentleman, a kind man, and an objective, fair-minded professional.  Here is the Family obituary: Wilson [...]

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12-28-15 Tax Policy, Spending Policy, Oil Policy and Gas Pipeline Policy Are All Related!

By |2016-12-22T22:27:45-09:00December 28th, 2015|Alaska Taxes, Commentary|

Northern Gas Pipeline Readers Join Us In Commenting On Current State of Affairs From a liberal friend, and our reply.   Petroleum News.   House Finance Co-Chair Mark Neuman (NGP Photo) says if Gov. Bill Walker wants to generate new revenue, part of that solution needs to be removing regulations that could stifle {More....} From Ak-Headlamp:  The New York Times covered Alaska’s ongoing fiscal woes as oil prices continue to fall. ... although other resource-based economies are also seeing the long-term impact of declining oil prices, Alaska’s situation is unique as Governor Bill Walker (NGP [...]

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12-23-15 Chamber fights oil and other taxes in the name of investment climate “certainty”.

By |2016-12-22T22:27:45-09:00December 23rd, 2015|Uncategorized|

Job providing chamber urges legislators to resist job killing taxes as tax advocate Harry Crawford prepares for legislative bid.  -dh The day before Christmas Eve, we're just connecting some dots, as usual....  -dh Ak-Headlamp.  Harry Crawford, organizer of the failed ballot initiative for a gas reserves tax has filed to run for office.  Again.  Crawford didn’t identify if he would run for the house or the senate – Rep. Lance Pruitt would be his opponent in a house race and Senator Cathy Giessel would be the opponent in a senate race.  [...]

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12-22-15 Wise Counsel from “Keep Alaska Competitive”

By |2016-12-22T22:27:45-09:00December 22nd, 2015|Alaska Taxes, Arctic Policy, LNG|

Wise Counsel from "Keep Alaska Competitive" (Caelus, et. al.) Low LNG and oil prices threaten LNG projects and Alaska's economy....  dh Petroleum News by Alan Bailey (NGP Photo).   As oil prices tumble and with them the potential solvency of the state of Alaska's finances, a heated debate is emerging over both the extent of the problem and the means of putting the state's fiscal position back onto an even keel. On Dec. 7, during Law Seminars International's Energy in Alaska c.... APRN by Rachael Waldholz.  This month, the state committed [...]

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12-21-15 Port for future Arctic OCS efforts?

By |2016-12-22T22:27:45-09:00December 21st, 2015|Arctic Policy, OCS|

Fairbanks News Miner.  Tucked away in this year’s Coast Guard Reauthorization Act, a $175 million bill that just passed the Senate by a unanimous vote, is a land transfer that could be consequential for Alaska’s future role in the Arctic. Conveying 2,500 acres of federal land to state control at Point Clarence on the Seward Peninsula, the provision could set the location for a long-sought deepwater port for the northern half of the state. It’s the latest in a slow-moving chain of events coming together into a framework for Alaska’s [...]

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12-20-15

By |2016-12-22T22:27:45-09:00December 20th, 2015|Uncategorized|

CBC.  A landslide collapsed and buried buildings at and around an industrial park in the southern Chinese city of Shenzhen on Sunday, leaving 27 people missing, authorities said.  A nearby section of China's major West-East natural gas pipeline also exploded, the official China Central Television (CCTV) broadcaster reported. Petroleum News by Gary Park.  The head of Canada’s leading energy pipeline organization is retiring, comfortable in the knowledge that, despite coming under frequent public disapproval, the industry can take pride in what it has accomplished. For Brenda Kenny, president and chief executive officer [...]

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12-19-15 TransCanada’s Energy East Project Cost Grows

By |2016-03-13T03:47:45-09:00December 19th, 2015|Interstate Gas|

Mining, by Cecilia Jamasmie.   TransCanada Corp (TSX, NYSE:TRP), the company behind the rejected Keystone XL pipeline, filed Thursday a revised application for its Energy East pipeline that includes route changes, and pegs the total cost of the project at $15.7 billion, compared with an initial cost estimate of $12 billion. The new plan makes nearly 700 changes to the pipeline, which would take Alberta crude to an Irving Oil refinery in New Brunswick, in response to concerns for environmentally sensitive areas, such as the Bay of Fundy, in Atlantic Canada. “Canadians want assurances [...]

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12-18-15 Alaska Gasline Development Corporation Leadership Changes

By |2016-12-22T22:27:45-09:00December 19th, 2015|Alaska Taxes|

(Scroll down or click here for yesterday's 12-17-15 editorial) ADN by Nathaniel Herz.  ... the board of the Alaska Gasline Development Corp. made its acting chair, Dave Cruz, the permanent chair, with Hugh Short named vice chair.  The board also unanimously approved the appointment of Fritz Krusen, who was previously a vice president at the corporation, as interim president.... Courthouse News.  Alaska Gov. Bill Walker (NGP Photo) said Thursday his state extended its cooperation agreement with Japan-based consortium Resources Energy to develop natural gas fields in Cook Inlet.      The state [...]

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