8-11-17 A Looming Disaster in Alaska’s Susitna Basin?

Today we provide this letter that a long time reader and natural resource expert sent us yesterday.  While the general subject revolves around forest management for maximum benefit of Alaska's people, we note that the concepts of multiple use and sustain yield apply to oil, gas and mining.  Why?  Because mining and energy do not preclude other uses of public and private lands -- and are highly regulated in any case.  Second, while forests and hunted and fished species, managed properly, are "renewable", oil, gas and mining are "newable". [...]

8-1-17 We Congratulate Fox News For Its New Alaska Map

MORNING HEADLAMP: A TALE OF TWO WALKERS – BEST OF TIMES, WORST OF TIMES (Please note that this 7:35 p.m., EST version replaces an earlier, unedited draft.  -dh) Why Fox News' Initiative To Properly Portray Alaska's Size & Location Is Important To Alaskans ... And, To All Americans Commentary by Dave Harbour Fox's improved North American map more accurately contrasts Alaska's size, position and importance relative to the Lower 48 states. 7-29-17. -dh Caribou on oil industry gravel pad. Being five feet above the mosquito infested [...]

7-26-17 We’re on the road; but here’s your COMMENTARY from Seward, Alaska….

Committee Passes Bill to Improve Transparency, Management of Federal Land Ownership Comment: Since the majority of federal land is within Alaska, the 49th state could be a major beneficiary of legislation to inventory federal land assets.  -dh WASHINGTON, D.C. - Today, the House Committee on Natural Resources passed H.R. 2199, the “Federal Land Asset Inventory Reform Act of 2017” or the “FLAIR Act.” Introduced by Rep. Kevin Cramer (R-ND), the bipartisan bill requires the Department of the Interior to create a publicly available register of federal real property to increase [...]

7-25-17 While we are away on assignment…

...there's this, from our friend, Pedro van Meurs: ECONOMIC ANALYSIS, DESIGN AND MODELLING OF PETROLEUM FISCAL SYSTEMS London, UK December 4 - 6, 2017   NEW COURSE: ECONOMIC ANALYSIS, DESIGN AND MODELLING OF PETROLEUM FISCAL SYSTEMS Pedro van Meurs (l). Northern Gas Pipelines photo with publisher (r) This is to announce that a new 3-day computer inter-active course Economic Analysis, Design and Modelling of Petroleum Fiscal Systems is scheduled to take place in London on 4-6 December 2017.   The course is developed by Van Meurs Corporation and will be held in [...]

By | 2017-07-26T06:15:08+00:00 July 25th, 2017|Alaska Taxes, Competition, You Read It Here First|0 Comments

7-17-17 Having A Competent Governor Is Critical To 1) Balancing the Budget, and 2) Attracting Investment & Jobs

7-17-17 = WHAT A LUCKY DATE TO ANNOUNCE A GUBERNATORIAL CANDIDACY -- FOR A PRO-FREE ENTERPRISE, PRO NATURAL RESOURCE DEVELOPMENT, PRO FAMILY, PRO DISCIPLINED GOVERNMENT SPENDING LEADER WITH EXTRAORDINARY SKILLS AND COURAGE! Mike Dunleavy files for governor  Suzanne Downing  July 17, 2017  Alaska News, Politics  8 Comments Senator Mike Dunleavy, Candidate for Governor of Alaska Sen. Mike Dunleavy of Wasilla filed a letter of intent with the Alaska Public Offices Commission today to run for governor. He is a Republican. Dunleavy, who represents District E, left the Republican caucus earlier this spring after breaking with [...]

6-26-17 More Detail On BP’s Global Energy Review

Continued Today From Our 6-19-17 Posting: BP’s Global Energy Review Damian Bilbao, BP Alaska Exploration, Inc., Global Energy Review 2017 Stay tuned for more on Damian Bilbao's presentations yesterday to the Anchorage Chamber of Commerce and the World Trade Center-Anchorage on BP's Statistical Review.    -dh Energy markets in transition: BP Statistical Review shows long-term shifts underway Strong oil demand and weaker supply growth rebalance oil markets; inventories continue to weigh on oil prices Energy mix shifting; rising renewable energy offsetting steep falls in coal use  Carbon [...]

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 [...]