6-23-17 Alaska’s Legislature Appears To Have Avoided A July 1 Government Shut-down

Today, Governor Bill Walker today issued a second supplemental proclamation of the 30th Legislature’s second special session. Governor Bill Walker. Northern Gas Pipelines file photo by Dave Harbour “I thank legislators for reaching a compromise on the operating budget to ensure government services continue after July 1,” Governor Walker said. “In doing so, they also appropriated a $1,100 permanent fund dividend (PFD) for each eligible Alaskan. Earlier today, legislators indicated in conference committee their intent to correct the state’s unsustainable oil and gas tax credit system. That’s [...]

By | 2017-06-23T14:43:02+00:00 June 23rd, 2017|Alaska Taxes, Alaska's Fiscal Crisis|0 Comments

6-22-17 “Here’s A Cigar;” or, “Close But No Cigar”

Our Take On Alaska's Current Budget Crisis, A Component Of the 49th State's Omnibus Fiscal Crisis by Dave Harbour The citizens of Alaska are sitting at the edge of their chairs, watching for the outcome of a budget battle building in their isolated capital of Juneau.  It could be decided as we write this and cigar boxes could open; or, July 1 could come and go, complete with untold tales of woe, and decision makers will undoubtedly console themselves that they did their best.  But we know that activity [...]

6-21-17 Alaska Celebrates 40 Years Of Prudhoe Bay Production – While Irresponsible House Majority Instigates Government Shut-Down

Of related interest: Down & out in AK, Commentary by Craig Medred.    Yet more trouble appears on the horizon for the already troubled business of journalism in Alaska. More on our earlier report covering BP's 2017 statistical review from our Mid-Atlantic energy analyst friend...demonstrating the 'reach' of this annual review  -dh:  "The BP Statistical Review of World Energy 2017 is now available. We made a quick link to it last night, but here it is again: http://www.bp.com/content/dam/bp/en/corporate/pdf/energy-economics/statistical-review-2017/bp-statistical-review-of-world-energy-2017-full-report.pdf  It is worth downloading, and the information is available on the website in [...]

By | 2017-06-21T11:11:14+00:00 June 21st, 2017|Alaska Taxes, Alaska's Fiscal Crisis, Commentary|0 Comments

6-18-17 Alaska LNG Project “Open Season”?

State open season for AK LNG Project.  It’s open season for the Alaska Gasline Development Corp. That’s not to be confused with open... Read More Alaska LNG Project Open Season Observations by Dave Harbour  After reviewing the story above, our critical thinking readers will no doubt be wondering if the term "open season" applies to a normal pipeline expansion or new pipeline process conducted by sponsors with shareholder skin in the game vs. the most expensive pipeline/LNG project in history, owned by a fiscally irresponsible state government, administered by temporary bureaucrats, approved/curtailed [...]

6-12-17 Does The White House Really Think Alaska LNG Is Currently Competitive In The Lower Cost/Low Price World Of LNG Competition?

...LNG news links from our friend, Larry Persily, former Federal Coordinator, Alaska Gas Pipeline Project: Commentary: A proposed Alaska LNG export terminal would be located at the end of an 800 mile Arctic gas pipeline. This scheme to monetize huge volumes of Alaska North Slope "stranded" gas (i.e. 35 Tcf) is a well intended pipe dream that could come true someday.   But TODAY it competes with worldwide tidewater projects in a low gas price environment.  Competing projects from Qatar to Russia, Australia, Indonesia, Canada and the Gulf [...]

5-15-17 WORLD FISCAL SYSTEMS FOR OIL AND GAS

  FREE DOC: ENTIRELY NEW UPSTREAM FISCAL MODEL – FLEXIBLE GROSS SPLIT SHARING     London, July 3-6, 2017 - World Fiscal Systems For Oil & Gas                   Our friend, Pedro van Meurs writes today: Pedro van Meurs. Northern Gas Pipelines files by Dave Harbour Please find attached my report on an entirely new fiscal upstream model which is now being introduced and considered: Flexible Gross Split Sharing. Please click here for this free document.  This is one of [...]

5-2-17 Citizens React To Alaska Oil & Gas Tax & LNG Issues

Marleanna Hall, Executive Director, Resource Development Council for Alaska. Northern Gas Pipelines file photo by Dave Harbour Late yesterday we heard from two longtime readers.   Carl Portman sent us Marleanna Hall's testimony and his own, on pending oil tax legislation; and, former Attorney General John Havelock sent us a response to our Sunday commentary on government ownership of energy projects.   We respect and appreciate the critical thinking of our readers!   We appreciate our readers who send important industry data for us to safeguard in our [...]

5-1-17 May Day For Socialist Rallies – Our Most Important Monday Morning Energy Links!

AGDC shares new plans for LNG pipeline Representatives of the Alaska Gasline Development Corporation were in Nikiski on Wednesday evening to present a state-led pipeline mega-project… See our commentary yesterday, re: Alaska's Socialist LNG Project! Oil prices shrink budget gap, but lawmakers remain far apart The state’s budget problem is shrinking, but it may not be enough to resolve differences between the Senate and House. New projects could add 100K barrels by 2021, but some are questionable Large Alaska oil discoveries announced in the last two years are creating [...]

4-30-17 Alaska’s Government Owned LNG Scheme Determined To Begin Construction, Early 2019

Alaska LNG Project Update by Ben Boettger, Peninsula Clarion AGDC, a state-owned corporation, was a 25 percent partner in the previous plans to build an approximately 800-mile pipeline to move liquified natural gas (LNG) from the North Slope to an export terminal in Nikiski. After the project’s other partners — oil companies BP, Exxon Mobile, and ConnocoPhillips — decided not to invest in it after an unfavorable economic analysis in September 2016, the state became the sole participant in Dec. 2016. On April 17, AGDC filed an application for the [...]

4-29-17 Support A Competitive Investment Climate: Create Reasonable Tax Policies!

Tax hearing today:  We appreciate this alert from Carl Portman and our other friends at the Resource Development Council for Alaska! Carl Portman, Resource Development Council for Alaska. Northern Gas Pipelines file photo by Dave Harbour A new committee substitute for HB 111, the oil and gas tax bill, has advanced to the Senate Finance Committee, which will hold a public hearing on the oil tax legislation this Saturday, April 29 from 9:00-11:00 a.m. at your local Legislative Information Office. Even though you may have testified previously [...]

By | 2017-05-01T08:46:56+00:00 April 29th, 2017|Alaska Taxes, Alaska's Fiscal Crisis|0 Comments

4-28-17 Alaska Governor Justifies ‘Broad Based Tax’

U.S. Senator Lisa Murkowski with President Trump. 4-28-17. Congressman Don Young with President Trump, 4-28-17 Washington Examiner (4/27/17) reports: “President Trump on Friday "will sign" an executive order on opening up the U.S. coasts to more offshore drilling while reviewing a number of former President Barack Obama's marine monument and sanctuary approvals seen as barriers to offshore energy development.  (Note: this morning the President did sign the E.O. with Alaska Senator Lisa Murkowski and Congressman Don Young present at the White House.  We are delighted that the [...]

4-25-17 Oil Taxes Top Alaska Legislative Agenda

Alaska Senate advances oil tax bill, but leaves out some of the pieces proposed by the House  This week in Juneau: Slow going as Alaska lawmakers enter second week of overtime  Budget idiocy To the editor: The oil and gas industries have built Alaska as we know it today. Alaskans might need passport for flights, military base access   AFFORDABLE HOUSING FINANCE People on the Move 4.24.17 By Donna Kimura In Memoriam: Dan Fauske  (See our original report here.   -dh) Dan Fauske. Northern Gas Pipelines file photo [...]

4-21-17 Arctic (And Other Energy) Conferences!

Yesterday, we advised readers about two upcoming conferences, one in Inuvik, NWT and one in Anchorage.  Below, we alert readers to consider several more!  -dh Enjoy The Kentucky Derby Spirit With An Alaska Railroad Twist! Alaska's Energy and Minerals Sector Could Interface With Other Constituent Businesses In A Great Atmosphere.  Join Us Next Week!  -dh On Friday, April 28, 2017, the Anchorage Chamber of Commerce invites our readers to come aboard the Annual Anchorage Chamber Train Ride, held from noon to 4:30 p.m., on the Alaska Railroad passenger train. This [...]

4-17-17 Alaska’s Leaders Bring State To Edge of Fiscal Crisis Cliff — TAX HEARING TONIGHT!

Comment:  In addition to increasing oil taxes in a low oil price era, the Alaska State House of Representatives is advocating recreating an Alaska income tax in an effort to maintain its outrageous, deficit spending on public employees and entitlement programs.  We heartily endorse the comments of the State Senate President, below.    PLEASE SEE THE MESSAGE BELOW FROM CARL PORTMAN (i.e. NGP Photo), RESOURCE DEVELOPMENT COUNCIL FOR ALASKA RE: TODAY'S TAX HEARING!  -dh News from the Alaska State Legislature, the Office of Senate President Pete Kelly JUNEAU – [...]

By | 2017-04-17T15:31:52+00:00 April 17th, 2017|Alaska Taxes, Alaska's Fiscal Crisis, Commentary|2 Comments