7-4-16 Celebrate The Fourth: Rededicate to God, Country, Free Enterprise and Energy Independence

Steve Moore's New Book precisely reflects the philosophy of this webpage for the last 15 years--and your publisher's philosophy as a member of the Regulatory Commission of Alaska: Deregulate where we can; regulate where we must.  In this way we protect the public interest in general and consumer interest in particular by enabling the private sector to provide the greatest volume of energy responsibly...for the lowest possible cost. From Amazon: "In Fueling Freedom, energy experts Stephen Moore and Kathleen Hartnett White make an unapologetic case for fossil fuels, turning around [...]

7-1-16 Much Alaska gas pipeline/LNG food for thought over the Independence Day weekend!

Yesterday we commented on the overall chaos enveloping Alaska  as it seeks fiscal stability. Fiscal stability is a critical risk for big investments -- like a multi-billion dollar energy project.  If fiscal stability does not exist, savvy energy investors must cease or postpone projects until risks become less threatening. Alaska Governor Bill Walker In such a caldron of multi dimensional issues, we see great political/emotional support for construction of an Alaska gas export project. However, the realities of world energy prices, high and unpredictable Alaska tax policy, a run-away spending history, and democrat leaders [...]

6-21-16 The Socialist Cabal Attacks Nuclear, et. al.

Wildrose blasts NDP over climate plan advertising, Calgary Herald ... per-capita greenhouse gas emissions in the fight against climate warming and to help the province win outside support for stalled pipeline projects ... NGP Readers: be aware that as the enviro-industrial-governmental cabal continues (i.e. via protests, confrontation, litigation, statute and regulation) to vilify and outlaw OCS activity, oil, pipelines, coal and nuclear energy projects, more reliance will fall on natural gas power generation.  Now, the cabal is targeting nuclear but also natural gas.  So when the inevitable market and political winds [...]

6-19-16 Alaska’s Governor Calls 5th Special Session

Bill Walker, Governor of Alaska. NGP file photo by Dave Harbour. Commentary: This afternoon, Alaska Governor Bill Walker called for a 5th Special Legislative Session to deal with the State's fiscal crisis: Here is the proclamation.     ///     See his video press conference here. We believe Walker may also be creating for himself a political crisis, for several reasons: The proclamation puts back on the table all of the most controversial issues rejected during earlier sessions: Use of the state's permanent fund earnings for government operations and a broad [...]

5-17-16 Daunting Federal OCS and Oil State Budget Challenges

From Dan Kish at the Institute for Energy Research comes this comment (i.e. below left) on the federal government's consideration of its 2017-2022 5-year leasing plan.   The IER analysis carefully addresses nationwide concerns about access to federal lands/waters for energy exploration and production.  Since Alaska is such a huge component of federally managed OCS  resources, IER correctly recognizes Alaska's potential:  ...there has been far greater leasing in the Gulf of Mexico than the Alaska OCS and as a result the reserve estimates have nearly sextupled in the Gulf of Mexico while remaining [...]

6-15-16 BP’s Statistical Review Of World Energy Continues to Impact Energy Dialogue

ACTION ALERT Five-Year OCS Lease Sale Plan, deadline tomorrow! PLEASE RESPOND TODAY: HERE'S HOW BP's Annual Statistical Review of World Energy.  A week ago, we drew a number of conclusions from BP's annual statistical energy review, linked here if readers missed it.  Below are other perspectives our readers will appreciate, though the writers didn't focus as much attention on the serious financial impact alternative energy subsidies pile onto family and business consumers worldwide. The BP report paints a realistic world portrait of energy price and demand volatility: the enormous energy supply [...]

6-13-16 Citizens Shouldn’t Let Government Invest In And Manage Private Industry Projects

Dear Readers:  Here is an article about LNG risk investment that every citizen who supports government ownership of energy projects should read.  (Our friend, Dan Kish, Senior Vice President for Policy at the Institute for Energy Research reminds us that, "the Spot price for LNG in Singapore last week was $4.62.") Our commentary on the above, Bloomfield article: We have made the case for a long time here that the State of Alaska has no business using precious public dollars now during a fiscal crisis -- or any other time -- to acquire equity [...]

6-10-16 New Worldwide Energy Report Highlights Need For Competitive — Not Predatory — Government Policies

Keith Meyer, President, Alaska Gasline Development Corporation Alaska must not be facing a 'fiscal crisis' after all.  With HH gas less than $3 and some renegotiated Asian LNG gas deals in the $5 range and Alaska LNG sold in Asia needing 100-150% higher landed prices than that, here is the latest headline from the Alaska, government-owned LNG project company, AGDC: "New AGDC president to make half million dollars a year...."  Socialism may not yet be in full bloom on the Last Frontier...but its Alaska spring sprouts now range from pipeline/tanker [...]

6-8-16 Repsol Left Argentina For Alaska — Now Closes Alaska Office!

Another Supreme Court victory by our Pacific Legal Foundation friends -- for private landowners and natural resource developers everywhere.  Congratulations!  -dh An oil and gas tax credit report from Alaska State Senate Natural Resources Committee Chairman, Senator Cathy Giessel June 7, 2016 June 6, 1944 was the turning point in World War II - the D Day offensive, on the beaches of Normandy, against Hitler's German forces in Europe. Alaska State Senate Resources Committee Chairman, Cathy Giessel. NGP file photo by Dave Harbour. Yesterday, June [...]

6-3-16 NEB Breathes Life Into Mackenzie Project – Alaska’s Fiscal Crisis Unresolved

One of Earle Gray's books.... CBC News.  The National Energy Board is giving Imperial Oil until the end of 2022 to start building the Mackenzie Gas Project.  ...  Previously, Imperial Oil and its partners had until the end of 2015 to begin building the 1,196-kilometre, $16.2-billion pipeline. ... Lisa Schmidt, a spokesperson for Imperial Oil, said in an email ... the project participants "remain hopeful that they can assist in the development of Canada's significant northern gas resources.  This extension will allow time to assess whether changes in the North American natural gas [...]

6-2-16 Will free market compromisers become free market defenders … or not?

Sowell: Socialism for the uninformed Added by Thomas Sowell on June 2, 2016.  Saved under News & Commentary By Thomas Sowell Socialism sounds great. It has always sounded great. And it will probably always continue to sound great. It is only when you go beyond rhetoric, and start looking at hard facts, that socialism turns out to be a big disappointment, if not a disaster.  More... To Elected Officials In Times Of Shortage, Increasing Taxes On The Few Is Easier Than Cutting Benefits Of The Many Commentary [...]

5-19-16 Oil Price: A Tale Of Two Analysts

Please scroll down to read today's unusual Sunday commentary: "Afraid New World" Alaska Governor Bill Walker (NGP File Photo) BREAKING NEWS, THURSDAY AFTERNOON: ALASKA'S GOVERNOR CALLS LEGISLATURE INTO SPECIAL SESSION TO DEAL WITH LACK OF AN FY 2016-17 BUDGET TO NORMALLY TAKE EFFECT ON JULY 1.  HERE IS THE PROCLAMATION.  YOU READ IT HERE FIRST!  -DH Comment.  Our mid Atlantic energy analyst friend (who prefers to remain anonymous) comments on another analyst's viewpoint (Left column below).  Their evaluation of world economics, interest rates, supply and demand seem [...]

5-16-16 When Will Oil Prices Recover Enough To Re-establish Alaska & Alberta Prosperity?

"It's Tough To Make Predictions, Especially About The Future"  -  Yogi Berra Commentary By Dave Harbour Dan Yergin, NGP file photo. (See Yergin's WSJ comments below) By mid-year, 1967, Atlantic Richfield Company's (ARCO) Susie rig had completed its Alaska North Slope oil exploration mission, unsuccessfully.  Then, an old friend and colleague, Harry Jamison, ARCO's Alaska Manager, prevailed upon company Chairman, Robert O. Anderson, for one last well attempt.  "Robert O" as we called him, supported the recommendation to the Board, which approved that one more try.   Just after [...]

5-12-16 How The Federal Government Stole Alaska’s Statehood Birthright

Even if the federal government were to restore the natural resource birthright it has stolen from the 49th State, Alaskans would STILL remain challenged.  For when its citizens enjoyed what seemed to be unlimited oil wealth 3-4 decades ago, it taxed more and spent more and more -- until it had developed an unsustainable lifestyle.  So, we do hope that great leadership can free Alaska of the federal overreaching jurisdiction and violations of due process described below.  But then, equally great leadership -- with disciplined citizen support -- must establish sustainable government services [...]

5-11-16 Budget Approval Still Evades Alaska’s Legislature — Debate Rages On Oil Tax Issues

How The U.S. Federal Government Has Stolen Alaska's Statehood Birthright Presented To Our Readers Tomorrow With Significant Links and References From our friends at Ak-Headlamp: No hope for consensus on HB247. Governor Bill Walker's HB247 saw a new proposal yesterday via Rep. Craig Johnson, the first public action since April 13. But the adjustments proposed Tuesday don't appear to be enough to yield the 21 votes needed for the legislation to pass the 40-member House, with two moderate Republicans, Reps. Paul Seaton of Homer and Louise Stutes [...]

By |2016-12-22T22:27:17-09:00May 11th, 2016|Alaska Taxes, Alaska's Fiscal Crisis|0 Comments
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