9-7-2020 Alaska Cannot Renege On Legislative Promises

Dunleavy Administration Responds to Supreme Court Ruling on Oil and Gas Tax Credit Bonds September 4, 2020 (Anchorage) - Today the Alaska Supreme Court, in Forrer v. State of Alaska, struck down legislation enacted under the previous Walker administration in 2018 that authorized the issuance of “subject-to-appropriation” bonds to pay outstanding cashable oil and gas tax credits.  According to the Department of Revenue, there is $743 million in outstanding tax credits that were eligible to participate in the tax credit bonding program. The tax credit program ended in 2017. With the collapse of [...]

6-29-20 Letter to the “Father Of The Ill-Begotten Fair Share Oil Tax Proposal”

(A letter from an unemployed oil industry employee to Robin Brena, the lawyer who created a voters initiative to increase oil industry taxes.  The letter was printed by the Alaska Support Industry Alliance.) Dear Mr. Brena: I just lost my job on the Slope, and don’t know when or if I’ll get back on. I used to feel lucky that I survived the support industry layoffs that happened from 2015-2018, when more than 6,000 Alaskans lost their jobs.  I don’t feel so lucky anymore.   Because of what’s happening with [...]

11-17-19 Another Oil Tax Debate?!

Another oil tax debate: With a ballot measure effort advancing, the Legislature needs to hold hearings Fairbanks Daily News-Miner Alaskans might be in for another epic debate about ... Frank Murkowski as part of his effort to get a North Slope natural gas pipeline built. ... A new governor arrived in Sarah Palin at the end of 2006 and oil taxes ... Ultimate Adventure Heads to Alaska for the 20th Anniversary of the Legendary Event Four Wheeler Network This 800-mile-long pipeline transports crude oil from Prudhoe Bay to Valdez. ... bridge crosses the river on the eastern edge of Denali National Park. Opinion: Green [...]

11-16-19, NORTHERN ENERGY HISTORY: Exxon’s Important North Slope Position Includes Prudhoe Bay AND Point Tompson!

Producers 2019: Exxon pursuing two fronts Operator’s ultimate goal at North Slope Point Thomson unit is marketing 8 Tcf of natural gas Kay Cashman Petroleum News Caribou on oil industry gravel pad. Five feet above the mosquito infested tundra decreases mosquito caused mortality among spring-born calves. -dh One of the earliest explorers in Alaska and one of the primary working interest owners on the North Slope, ExxonMobil did not embark on the $4 billion Point Thomson development just to produce 10,000 barrels of condensate a day. Production [...]

11-12-19 Farewell Epilogue and Alaska’s Dangerous Oil Tax Increase By Voters Initiative

“BOTAX” Dave Harbour Glen Biegel Lawyer’s oil & gas tax scheme threatens Alaska’s economy (.PDF of this commentary here: Footnote Version & Clean Version like this w/o footnotes.) By Dave Harbour and Glen Biegel First, let’s get some ‘housekeeping’ out of the way on the proposed oil tax initiative.  Then we’ll explain why all Alaskans should be concerned. Alaska Lieutenant Governor Kevin Meyer recently certified a voter’s initiative petition application entitled “An Act relating to the oil and gas production tax, tax payments, and tax credits.”  Attorney [...]

12-14-18 A Citizen’s View Of The Two Alaska Gasline-LNG Projects

AK-LNG & ASAP: A Citizen Considers the Risks of Continuing Government Ownership by Dave Harbour How would you cope with the smorgasbord of problems/challenges Mike Dunleavy, assumed upon being sworn in as Alaska's Governor in early December? Alaska Governor Mike Dunleavy Some of the challenges blocking Alaska’s road to economic recovery -- and obscuring its natural beauty -- include: a fiscal crisis and annual budget deficits, billions in state employee unfunded pension liability, the highest unemployment rate in the nation, growing crime, an amazingly burdensome array of [...]

9-12-18 Special Commentary For Oil & Gas Decision Makers, Custodians of Shareholder Wealth

FERC approves Kenai Borough as intervenor in Alaska LNG By Larry Persily Sept. 12, 2018 All three Alaska municipalities vying for a multibillion-dollar natural gas liquefaction plant and marine terminal are now intervenors in the federal regulatory process, giving each the legal right to challenge Federal Energy Regulatory Commission (FERC) decisions on the proposed Alaska LNG project. ...  Scroll down for Persily's full story below (Larry Persily, Northern Gas Pipelines photo by Dave Harbour) Our comment: In Alaska only the oil & gas industry must pay a special, state-wide property [...]

9-11-18 Remembrance Day and Concern Re: Exxon – China – Russia

Please scroll down for an important ALERT ALERT ALERT! Canadian Headlines: Even under a drill-friendly Trump, pipeline battles rage on in the US, too  CBC.ca "There is a worrisome trend of pipeline construction projects...."  Globe & Mail Only Parliament can fix Canada's pipeline impasse Calgary Herald Nelson: Alberta's iconic entrepreneurs would be appalled today  A decade later, Alberta project aims to both capture CO2 and boost oil output U.S. Headlines: State and ExxonMobil reach agreement on preliminary gas line sales Anchorage Daily News - Sean Parnell, ExxonMobil and the state agreed to a deal that set future options for development at the Point Thomson field. The [...]

By |2018-09-11T10:36:51-09:00September 11th, 2018|AGDC, Alaska Governor Bill Walker, China, LNG, Rule Of Law, Russia|0 Comments

9-10-18 JUNEAU’S BIZARRE OIL PROTEST – AND – 9-11 Is Patriot Day Everywhere In the US, Except Governor Bill Walker’s Alaska

On Saturday, we observed 9-11 and honored all national defenders and first responders with BIG-HEARTED patriots in small town, USA! AFTERNOON NEWS ALERT: Through a Letter of Understanding signed today, the Department of Natural Resources, ExxonMobil, and BP agreed to terms to better align the settlement with the Alaska LNG Project. The agreement effectively stays the year-end 2019 deadline as long as the project continues to progress. The extension will end when the Alaska LNG Project reaches final investment decision, or when DNR notifies the parties [...]

By |2018-09-10T15:14:25-09:00September 10th, 2018|Alaska Governor Bill Walker, Commentary, LNG|0 Comments