3-18-19 Lest We Forget: Alaska Once Had A Stable Investment Climate!

Correction: in our recent email alert we rightly associated Anchorage property taxpayers with proposed bonded indebtedness but inadvertently associated property taxpayers with a proposed liquor tax.  -dh Lest We Forget: Alaska Once Created Two Decades Of Investment/Tax/Economic/Social Stability Commentary by Dave Harbour TRANS ALASKA PIPELINE SYSTEM (TAPS) Thirty-Eight years ago today, Alaska created what was to be two decades of "quasi"-fiscal stability.  We say, "quasi" because even in the wake of "reform", politicians would continuously be seeking more revenue. But let us begin the story this way.  [...]

2-11-19 Could this be one of the last ANWR hearings? Not likely, But This Is A Big One!

Another ANWR Hearing...TODAY? Don't Get Public Hearing Testimony Fatigue.  Every Hearing Produces A Record.   Decisions That Benefit or Hurt Our Families Are Partly Based On That Record! by Dave Harbour Today in Anchorage the Interior Department will hold what is, hopefully, one of the last hearings dealing with the environmental impact statement preceding the leasing of a small section of the huge Arctic National Wildlife Refuge for oil & gas exploration and perhaps, eventually, development. See the point? Dulles Airport area, within 1.5 million area, within 19.6 million [...]

1-7-19 FLNG Comment – and – Changing World Fiscal Systems

NGI by Charlie Passut.   Alaska and three Chinese companies have agreed to a six-month extension to negotiate and conclude definitive agreements for a liquefied natural gas (LNG) project in the state, despite an ongoing U.S.-Sino trade war. The Alaska Gasline Development Corp. (AGDC), China's state-owned Sinopec Group, the Bank of China and CIC Capital, a subsidiary of China Investment Corp., agreed to extend the deadline for an agreement until June 30. The four parties (See Footnote) signed a joint development agreement (JDA) in November 2017 to develop the Alaska LNG project, which is [...]

1-3-19 Shell Leads Big Canadian LNG Project

Comment: Alaskan investors have have been trying to engineer an economically feasible, North Slope LNG export project for over 40 years. British Columbia, also has LNG fever.  It struggles with a half dozen economically feasible export schemes -- occasionally confounded by Aboriginal claims, environmental activist obstruction and now, low LNG prices flowing from depressed world economies and a plethora of competitive LNG projects (See CBC review below). Unlike Alaska, the overwhelming majority of worldwide LNG export projects do not carry the burden of having to finance an 800 mile [...]

4-15-18

ConocoPhillips confirms Willow discovery appraisal on ANS ConocoPhillips upped its five-well drilling campaign to a sixth with the 2018 Winter exploration and appraisal program on Alaska’s wester North Slope at the Willow discovery. Discovered in January 2017, the Tinmiaq 2 and 6 were drilled in early 2016 and encountered 72 ft and 42 ft of net pay, respectively. Juneau Empire Alaska Senate votes to spend Permanent Fund to balance portion of state deficit The House proposed giving the Alaska Gasline Development Corporation the ability to accept up to $1 billion in investments for the [...]

4-7-18 Canadian Liberals To The Rescue? Amazing Chutzpah!

Canadian liberals and their pro-anarchy, anti-pipeline, enviro-activist allies caused the death or delay of multiple pipeline modes capable of marketing Canadian oil & gas.  Now, with the economy crashing, liberals are positioning themselves as energy transportation saviors.  What Chutzpah!  -dh Justin Trudeau defends his support for oilsands and pipelines during Fort McMurray visit.  CBC.ca.  "For 10 years Stephen Harper talked the oilsands up and weren't able to get [pipelines] done." Trudeau said he looked forward to sitting down with industry leaders later Friday to hear more about how the Liberal government can improve oil and gas regulations. [...]

3-23-18 Which is worse off, Alaska or Alberta?

Commentary by Dave Harbour Which is worse off: Alaska or Alberta? Both are controlled by liberals (i.e. socialists).  Both are dependent on fossil energy -- and the pipelines transporting it.  Both prize expanding an ever-wanting-more entitlement voter base more than a taxpayer base of wealth-creating energy investors and WORKERS.   Liberal leaders of both spend billions more than they can afford.  Both have lost thousands of taxpayer workers while keeping tax beneficiaries mostly WHOLE.  Both project a better economic day...when the current crop of political 'leaders' are safely out of [...]

3-20-18 LAST CHANCE BEFORE VOTING: A Logical Review Of Anchorage’s Utility Ballot Initiative, and An Alaska LNG Scheme Update

Our Analysis Of Proposition 10 From Last Week Proposition 10 allows the MOA to sell its Municipal Light & Electric (ML&P) utility to Chugach Electric Coop (CEA). Ray Kreig on Mike Porcaro's 3-23-18 KENI Radio Show re: author's view of ML&P sale. https://clyp.it/fhbf5swd We support an HONEST and TRANSPARENT sale of ML&P but we oppose the corrupted process leading to Proposition 10.  We will vote “No” until the MOA employs a transparent, valid, robust, national competitive bidding process (i.e. RFP or RFB) and until a super majority [...]

3-18-18 Historical Day For Alaska Tax History – CANADIAN PIPELINE SHOWDOWN!

Saskatchewan would support Alberta's decision to turn off oil taps CBC.ca.  "If the fuel tanks start to run dry because Premier Notley has turned the tap off, it won't be Saskatchewan filling them up," the premier told CBC Radio's The ... Though Saskatchewan isn't connected to Kinder Morgan's Trans Mountain pipeline, the delays in getting the $7.4 billion expansion completed are ... Analyst warns British Columbia gas prices could soon hit a record high Calgary Herald (3-20-18 Update) Q. WHAT IS A FAIR SHARE OF OIL TAXATION: THE ETERNAL QUESTION A. fair share of oil taxation is whatever the [...]

3-15-18 We Comment On Anchorage, Alaska Ballot Measures

Our Honest Opinion: Anchorage, Alaska Ballot Measures Comment: These voter issues appear on the Municipality Of Anchorage (MOA) April 3 election ballots being distributed this week by mail.  Since some of the measures affect energy companies and those affected by them, we have taken time this week to prepare comments.  Note that this is an opinion page.  While we have HONESTLY dedicated ourselves to being as factual as possible, based on the public information we have reviewed, we do -- as always -- encourage reader involvement.  You can comment [...]

1-23-18 Just remember….

Just remember... Private companies when filing with FERC and other agencies -- for energy projects or just for portions of a project regulated by a particular agency -- really have to have their acts together. Among that preparation is a reasonable degree of knowledge and proof -- acceptable to the board of directors as well as convincing to the agency -- that the project is real.  The application must be solid: environmental research/safeguards (i.e. air, water, earth and flora and fauna, including birds, mammals, fish), geological, cultural, archaeological, logistic, [...]

12-21-17 Yesterday Was A Historical and Memorable Day For Alaska … And The Nation!

Trump's EPA Could Open Door For Alaska Gold And Copper Mine.  A proposed gold and copper mine in Southwest Alaska is one step closer to becoming a reality this week: On Monday the company behind Pebble Mine announced a new investor. Second big Pebble announcement: Permit application on Friday.  Just days after Northern Dynasty Minerals of Canada announced it had brought on a major partner, the company today says it has final paperwork ready to file for a major permit… Alaska And The Nation Will Now Have ANWR Support For America's New [...]

12-20-17 A Union Hope For An Alaska Gas Export Project

Stay the course: Alaska LNG project on horizon By Scott Eickholt Citizen Op-Ed, Originally Published: Fairbanks News Miner Scott Eickholt, Linkedin Profile The stars are aligned — from the White House, to Alaska’s congressional delegation, to Gov. Bill Walker and the skilled workers of Alaska — all parties are committed to building a project to bring Alaska’s natural gas to market. I see this project not as a burden or drain on the Alaska economy but a way out of the hole. We need new revenue and we [...]

12-4-17 We’re Back, Refreshed And Find The Alaska Gasline/LNG Challenge Remains

Suzanne Downing, Courtesy, Must Read Alaska The main Alaska gas export project obstacle is the 49th state's political leadership that believes socializing the private energy industry justifies rejection of logic, supply-demand principles and industry expertise when,"now is not the time" for an Alaska gas export project. Today, the publisher of Must Read Alaska, Suzanne Downing, has written a compelling critique of the "non-binding agreement" Alaskan bureaucrats have signed with communist Chinese-owned company bureaucrats.  Find her "China Takes All" analysis here. But what is the most frightening element of [...]

11-11-17 Veterans Day: Not A Time For Alaska Socialism

We oppose a socialist Alaskan economy on this Veterans Day! by Dave Harbour Alaska Governor Bill Walker. NGP File Photo by Dave Harbour Below, readers will find yesterday's statement from Governor Bill Walker that congratulates the Alaska State Senate on its passage of crime reform.   He goes on to criticise the Senate for adjourning without imposing more taxes on the private sector during 1)) a time of fiscal crisis, and 2) at a time when he is crafting a socialistic energy economy a la Venezuela (Read yesterday's [...]