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 [...]

8-1-20 First Things First Alaska Foundation Identifies Importance of Mining to Alaska

Dear Alaskan: The economic benefits of mining are integral to the quality of life in Alaska.  In a May 2018 report on the mining's industry's impacts in Southeast Alaska alone, t was reported to be responsible for 1,600 direct and indirect jobs, $121,000,000 in direct and indirect wages, $3,800,000 paid to local governments through property and sales taxes, and $246,000 in contributions to about 120 nonprofit organizations. This economic impact is vital to the wellbeing of our communities. The statement above is taken from a letter to the DOWA [...]

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 [...]

4-18-20 Not All Energy News Is Negative

Petroleum News Alaska News Wrap: Alaska lucks out with ConocoPhillips; ExxonMobil’s Point Thomson production rising; HEX inks KLU deal; Alaska North Slope oil price disconnects Petroleum News The April 19 issue of Petroleum News includes coverage of ConocoPhillips, ExxonMobil. Furie, HEX, XCD Energy, Oil Search, Cook Inlet Energy, Glacier Oil and Gas and Hilcorp, all active in Alaska’s oil and gas industry. Petroleum News Alaska Gasline Development Corp. “AGDC: goal private sponsor by year-end” reports that the state entity which is the project sponsor for the Alaska LNG Project, got [...]

4-15-20 Alaska Joins Other States/Canadian Provinces In Shouldering Double Whammy: CCPVirus + Oil Price Collapse

Please find this MOST INFORMATIVE oil and gas presentation on current status of the industry by Canary, LLC CEO Dan K. Eberhart (@dankeberhart), delivered to members of the Alaska Support Industry Alliance on April 9. Double bonus: Here's Dan's current take on the Texas RRC consideration of ordering production cuts vs. free market forces...followed by this Yahoo report on the result of the hearing (i.e. a difficult decision for the 3 commissioners). -dh Must Read Alaska: Fradulent Oil Tax Initiative Signatures?! Has it ever been tougher for the state's [...]

4-9-20 A Revealing Look At The Status Of TODAY’S Oil & Gas Industry!

Below are the speaker's notes from an online presentation delivered today to members of the Alaska Support Industry Alliance.  Their thousands of employees of some 400 employers provide the muscle enabling the enormous oil, gas and mining production in America's largest -- and sole -- Arctic state. Alaska Support Industry Alliance Webinar Briefing For Members By Dan K. Eberhart, Canary LLC (Photo) (Twitter account contact: @dankeberhart) Whatever happened to “In like a lion, out like a lamb?” March has been a month many of us would rather forget. The twin [...]

2-20-2020 “Alberta’s Lost Tax Advantage….” Beware Alaska, Texas and other oil producing areas….

Dear Dave, Today, the Fraser Institute released a new study, Alberta’s Lost Advantage on Personal Income Tax Rates. This study finds that the province’s top combined personal income tax rate is now more than 10 percentage points higher than the top rate in several other energy-producing jurisdictions. (More here....) Best, Niels Niels Veldhuis | President The Fraser Institute Why Does Our Headline Address Oil Taxes When The Fraser Study Regards Personal Income Tax (PIT)? ...because Alaska and Alberta alike have learned over the years that higher personal, sales, property [...]

By |2020-02-20T04:17:01-09:00February 20th, 2020|ACES, Alaska Taxes, Canadian Energy Policy|0 Comments

2-13-2020 Pebble Area Native Leaders Push Back Against Tribal Critics

Thanks to Must Read Alaska for this important Pebble Mine perspective! ...“The fact that our colleagues in the indigenous community would take an action against us without consultation is particularly disappointing. We have been engaged in the Pebble issue for nearly fifteen years. We have concerns about a mine near our communities, yet we also have concerns about the significant lack of economic opportunity for our people. We have put up with so-called regional and tribal organizations that tell the world that they speak with a united voice on [...]

11-30-19 RDC Conference Touts O&G. Mining, Tourism, Ocean Policy, Forestry Opportunity

Alaskanomics's Blog The 40th Annual Alaska Resources ConferencePosted: 29 Nov 2019 03:37 PM PSTLast week, the Resource Development Council (RDC) hosted its 40th Annual Alaska Resources Conference in Anchorage. The event is the chance for leaders from the tourism, fishery, oil and gas, mining, and forestry industries to come together and share highlights and frustrations from the past year and look forward to the coming year.Overall the presenters and attendees were optimistic about the future of the resources industries in Alaska. There were concerns due to the tariffs being raised on fish, timber, [...]

11-18-19 Last Day To Register For Alaska’s Greatest Multi-Resource Conference!

Dedicated pioneer of Alaska resource education and information, Carl Portman, announces retirement. Petroleum News Alaska, by Kay Cashman.  The Resource Development Council for Alaska will lose one of its most valuable employees at the end of June, Deputy Director Carl Portman. Among many other duties, Portman has been responsible for the impressive list of presenters at the association's conference every November. Set to retire June 30 after what will be 39 years with RDC, Portman said he will be leaving after the association’s annual meeting. “I still plan to [...]