3-21-17 Economist Roger Marks Fact Checks Lawyer’s “Fair Share” Cliché (UPDATE)

Calgary Herald by Javier Blax.   Exxon Mobil Corp., Royal Dutch Shell Plc and Chevron Corp., are jumping into American shale with gusto, planning to spend a combined $10 billion this year, up from next to nothing only a few years ago.  (Many Alaskan and Alberta elected officials -- obviously -- have no concept of the principle of worldwide competition for attracting natural resource investment dollars.  -dh) Critical Thinking The end of the Alaska Legislature's 2017, third trimester approaches.  The socialist-leaning House majority has cut off debate on their [...]

3-17-17 State Owes Industry Investors Stability

More coming.... Resource Development Council for Alaska BREAKFAST FORUM SERIES Yesterday's Presentation Breakfast: March 16, 2017 - Dena'ina Center "Fix the Fiscal Problem Now and Don’t Destroy Our Resource Industries" Jim Jansen. Northern Gas Pipelines file photo by Dave Harbour Jim Jansen, Chairman, Lynden and Co-Chair, KEEP Alaska Competitive Coalition (Video coming) Here is last week's presentation, 3/2/17:    What's Next For Caelus? by Pat Foley, Senior Vice President Alaska Operations, Caelus Energy Alaska LLC Breakfast Packet (pdf) • PowerPoint Slides (pdf)   RDC Breakfast 03-02-17 from Resource Development Council [...]

3-16-17 We have trusted you, President Trump, to maintain your correct climate change (hoax) position. Please do not let one or two close advisors deter you from the right course!

Photo: Ivanka Trump and Jared Kusher, for whom we have held great regard based on their dispassionate, logical, loyal and wise counsel.     If we ourselves misunderstand the larger picture and strategy, we invite additions/corrections and will highlight any corrections at the top of this and/or subsequent postings, as is our custom. The accuracy of our archives is our most important priority. -dh Congratulations, Mr. President, on moving to pull back EPA’s fuel efficiency standards! "The president's daughter and son-in-law pushed the Republican executive to get rid of [...]

3-13-17 Prudhoe Discovery Heightens Saudi Anxiety – N. Korea Could Heighten Alaska/US Anxiety

Saudi Arabia: "Game Over, Man" By Christian DeHaemer Written Monday, March 13, 2017 “My grandfather rode a Camel, my father rode a Camel, I drive a Mercedes, my son drives a Land Rover, his son will drive a Land Rover, but his son will ride a Camel." — Sheikh Rashid bin Saeed Al Maktoum The Mother Lode Over the weekend, Repsol SA announced a giant find onshore in Alaska. Some 1.2 billion barrels of oil have been discovered on the North Slope, marking the biggest onshore discovery in the [...]

By |2017-03-13T15:59:10-09:00March 13th, 2017|Alaska Taxes, Alaska's Fiscal Crisis, Alaskanomics|0 Comments

3-12-17 Making Sure Our Readers Caught This Late Thursday Piece

If you missed it, please find our LATE Thursday piece on Crony Capitalism in Alaska and Washington right here.... We continue to ask to a non-responding bureaucracy: “Who in his right mind could think a $45 billion gas pipeline/LNG project could go well if it were owned by a non-accountable government of temporarily elected and appointed officials?” Big spending politicians, crony capitalists and related special interests seem to be in control of Alaska’s fate as we close out this week.  

3-10-17 Crony Capitalists Exert Unwarranted Influence

Please scroll down for today's crony capitalist commentary Today, our Aussie Oil & Gas energy analyst friend observes that, "Overnight Repsol announced an onshore discovery of 1.3 B bbls - the largest in the US for 30 years.  This follows on from similar sized discoveries in the State last year in the immediate offshore.  Unfortunately prices will likely need to solidly hold above US$50 before these will be developed in this high cost (and high tax) location."   We refer readers to the view of some that taxes do not [...]

3-8-17 Alaska’s Fiscal Crisis & Oil Taxes

Alaska Journal of Commerce Opinions   AJOC EDITORIAL: No sauce for the gander at House Resources Andrew Jensen As Ron Burgundy may say, “That escalated quickly.” Things went sideways not long after House... Read More     COMMENTARY: Raising oil taxes may not go well Robert Dillon Democrats in Alaska are once again sharpening the hatchet and taking aim at the state’s favorite... Read More     COMMENTARY: Determined optimism moving forward Curtis Thayer Having spent time in Juneau at the beginning of the legislative session for the Alaska Chamber’s... [...]

3-3-17 Will Alaska Explore, Develop, Produce or Fold?

Will Alaska Explore, Develop, Produce or Fold? Roger Marks, Senior Oil & Gas Economist. Northern Gas Pipelines file photo by Dave Harbour AOGA President, Kara Moriarty. Northern Gas Pipelines file photo by Dave Harbour Pat Foley. Northern Gas Pipelines file photo by Dave Harbour Join Roger Marks, Kara Moriarty and Pat Foley for a discussion about the newest tax legislation. Click here to register now. Event Invitation Alliance Bi-Monthly Breakfast Speakers:  Roger Marks, Economist Kara Moriarty, President/CEO, AOGA ​Pat Foley, Senior Vice President [...]

3-2-17 Alaska Regulation Changes: Production Tax Calculation and Tax Credits

Supplemental Notice of Proposed Regulation Changes Alaska Department of Natural Resources On February 14, 2017, the Department of Natural Resources (DNR) published a Notice of Proposed Changes to regulations regarding the calculation of the net profit share production tax lease allowance, repeal the regulations regarding the exploration incentive credit, and make administrative changes such as updating addresses and/or providing for electronic communication with the Alaska Royalty Oil and Gas Development Advisory Board and for DNR. See the link to this notice and relevant documents here:https://aws.state.ak.us/OnlinePublicNotices/Notices/View.aspx?id=184612 Now, DNR is publishing [...]

By |2017-03-02T10:41:25-09:00March 2nd, 2017|Alaska Taxes|0 Comments

2-28-17 Alaska Has Room To Cut Spending…But Do Its Elected Leaders Have The Will?

Does Alaska have a Spending Problem?  Benchmarking is the Answer By Representative Lora Reinbold, February 26, 2017 Representative Lora Reinbold, Eagle River, Alaska. Northern Gas Pipelines file photo by Dave Harbour The Governor, some in the Legislature and even some prominent Alaskans don’t believe Alaska has a spending problem.  They say that Alaska has a revenue problem and argue that Alaska needs to implement more revenue options, i.e. taking your money to fuel big government.  Their tired refrain is simply to argue, “you can’t cut your way [...]

2-27-17 Politicians attacking taxpayers is nothing new!

Breaking GOOD news HERE:  tax settlement improves investment climate!  North Slope Borough and ExxonMobil Alaska Production Inc. Settle Pt. Thomson Tax Appeals   Wealth takers justify their appetite for tax increases by criticizing wealth producers by Dave Harbour Just last week... ...we reported on how a hostile legislator mistreated a representative of Alaska's largest group of taxpayers.  Here's another take on the politician's hostility and her bias in favor of oil tax increase advocates. Actually, that's no surprise.   History in Alaska and throughout the U.S. and Canada is [...]

2-27-17 Breaking News: Point Thomson and North Slope Borough

Breaking news:  tax settlement improves investment climate! North Slope Borough and ExxonMobil Alaska Production Inc. Settle Pt. Thomson Tax Appeals (Barrow, AK)— “Today’s agreement to settle outstanding tax disputes on the valuation of Pt. Thomson development demonstrates another historic milestone for the people of the North Slope Borough,” pronounced Mayor Harry K. Brower, Jr., “Ever since I was sworn into office in July of 2016, one of my key priorities has been to establish partnerships and relationship building with external organizations for economic growth and empowerment in our North Slope [...]

By |2017-02-27T08:11:11-09:00February 27th, 2017|Alaska Taxes, You Read It Here First|0 Comments

2-16-17 Teamster Leader Sets Oil Tax Advocate Straight!

BREAKING NEWS, 2:40 EDT:  TRANS CANADA REFILES FOR KEYSTONE XL ROUTE Posted By RICK BOYLES FOR THE JUNEAU EMPIRE Keeping the oil industry healthy     An observation from educator/philosopher William James came to mind as I watched Robin Brena lecture the House Resources Committee a few days ago on his version of reality. “There’s nothing so absurd that if you repeat it often enough, people will believe it,” James wrote. Well, Brena repeated the words “fair share” 40 times during his two-hour, 71-slide presentation. In Brena’s mind, “fair share” [...]

2-3-17 AMA BREAKING NEWS -also- Dakota Access Trespassers Were No Angels

Cleanup begins at Dakota Access encampment  02/05/2017 (Trouble viewing this article? Click here).  Cleanup of a North Dakota encampment where opponents of the Dakota Access oil pipeline stayed for months to protest the $3.8 billion project is expected to take weeks, a leader of the tribe that organized the protest said Jan. 31. The Standing Rock Sioux hopes to complete the work before any spring.... FERC Commissioner Colette Honorable. Northern Gas Pipelines Photo by Dave Harbour FERC won’t have a quorum after Feb. 3  02/05/2017 (Trouble viewing this article? Click [...]

2-3-17 Overtaxing Is As Bad As Overfishing – Also Alaska/Alberta Fiscal Crises

Overtaxing Is As Bad As Overfishing Alaska Journal of Commerce by Andrew Jensen Dating back to before statehood, Alaskans know that overfishing is a bad thing. Stopping overfishing of salmon and regaining control of the resource was in fact one of the driving forces in the effort to become a state. What we know about sustainability of our vast fisheries resources is worth applying to yet another debate over another immense asset — our oil — and the means by which that resource is taxed. Get ready for more [...]

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