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 [...]

4-15-20 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 [...]

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 [...]

11-2-19 Is Alaska’s Economy Finally On the Move!?

Third Quarter Alaska Employment Numbers Commentary: The good employment news below is all about a dynamic Alaska oil industry on the cutting edge of new technology.  Longtime Alaskans know that oil not only supports industry jobs, but pays the lions share of government budgets that also fund education, public works, public safety and infrastructure for retail, tourism and commercial fishing industries and JOBS!  We're even pleased to spot signs of a new LNG project for commercializing Alaska North Slope gas.  But a lawyer is a major sponsor of a voters [...]

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 [...]