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 | 2017-04-29T09:54:28+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 [...]

By | 2017-04-25T12:12:15+00:00 April 25th, 2017|Alaska Taxes, Alaska's Fiscal Crisis, Alaskanomics|0 Comments

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

4-14-17 Northrim Bank Economic Forum Today

State gas line agency applies for permission to build Alaska LNG project.  In what the Alaska gas line agency is calling a major achievement, officials on Thursday formally launched its application for federal permission to build a pipeline Alaska Senate, House at odds with session poised to run long.  Leaders of the Republican-led Alaska Senate said Thursday they aren't interested in instituting an income tax or raising oil industry taxes…  Alaska House OKs PFD fund bill with conditions The Alaska House has passed legislation calling for structured draws from [...]

4-13-17 BP Alaska Exploration President Outlines Company’s Alaska Investments In Spite of Low Oil Price Environment

Announcement from Janet L Weiss, President, BP Alaska Exploration, Inc.   Janet L. Weiss. Northern Gas Pipelines file photo by Dave Harbour. Last week, BP issued its 2016 Annual Report and the required 20-F form submitted to the US Securities and Exchange Commission. Unfortunately, the 20-F form only tells part of our BP Alaska business story which has caused some confusion and a number of questions that I want to help address.   Let me be very clear, the BP Alaska Region did lose money (negative cash flow) [...]

4-7-17 CELEBRATE PRUDHOE BAY’S 4 DECADES OF PRODUCTIVITY!

Nominate an exceptional Alaska oil and gas project, contractor, or individual today! Marilyn Crockett, former President, AOGA. Northern Gas Pipelines file photo by Dave Harbour AOGA President, Kara Moriarty. Northern Gas Pipelines file photo by Dave Harbour AOGA's annual Industry Awards recognize outstanding contributions to the Alaska oil and gas industry in four categories: Contractor of the Year for Safety Performance Award, sponsored by the Alaska Support Industry Alliance Project of the Year Award for Environmental Stewardship and Innovation, sponsored by Stoel Rives Rising Star [...]

4-6-17 Irresponsible Government Budgets Cry Out For Spending Limit

See our related spending limit commentary, 1-30-17 First warning to lawmakers December 30, 1980 was,"Control spending while you can; it is the CHALLENGE OF PLENTY!" Kudos to the "in the trenches" work of Jeremy Price, Commentary below GUEST COMMENTARY: Budget crisis highlights need for spending cap  By:  Jeremy Price Guest commentary Alaska Journal of Commerce, 04/05/2017 Irresponsible spending by state lawmakers has left us with a multibillion-dollar budget deficit. This latest crisis underscores the need to tighten the state’s “spending cap” on annual expenditures, and a bill recently passed in the [...]

3-31-17 Shale is competitive but how about high cost, Alaska Prudhoe Bay and Alberta Oil Sands?

When we read Frost's, The Road Not Taken, neither he nor we know if the path he took was best.   Courtesy: Pinterest Heaven knows we've opined enough on the effect of hostile government policies on the ability of producers in high cost environments to continue producing taxes and royalties for their governments and profits for their shareholders.  We've encouraged northern Alaska state and Canadian provincial governments to spend more time looking outward -- to better understand global competition.  Instead, politicians on both sides of their national boundaries are [...]

3-30-17 Alaska LNG, State Fiscal Crisis, Worldwide Competition, U.S. Congress

U.S. Senator Lisa Murkowski. Northern Gas Pipelines file photo by Dave Harbour TODAY: U.S. Sen. Lisa Murkowski, R-Alaska, thanked her colleagues for their work to develop and report, en bloc and by voice vote, a total of 65 bills from members of both parties.   The committee approved seven bills introduced by Chairman Murkowski, as well as subcommittee assignments for Sen. Luther Strange, R-Ala.  More..., Yesterday, the Department of the Interior (DOI) Secretary Ryan Zinke issued a Secretarial Order to formally end the coal leasing moratorium and [...]

3-29-17 Governor’s Government LNG Marketing Efforts Cost Much, Produced Little to Nothing

If you had a multi-billion dollar private sector project... Courtesy Buzzfeed. ...would you hire a government bureaucracy to do it for you?   Actually, this is what is happening.  The citizens of Alaska elected a lawyer who takes over a private sector project, flies around Asia and the Lower 48 on marketing trips, and continues to operate LNG marketing offices in Japan and Houston while supporting tax increases on the oil industry and presiding over a state that refuses to significantly cut its operating budget while its subsidized budget [...]

3-25-17 Failing to balance the budget, Alaska democrats seek to increase taxes as thousands of private sector employees lose jobs!

Resource Development Council for Alaska alerts citizens to today's hearing For reference see the jim Janson (lynden CEO) speech here re: solve the fiscal crisis! The House Finance Committee will take public testimony on the House Resources Committee Substitute for House Bill 111 (oil tax policy reform) tomorrow from 10:00 a.m. to 2:00 p.m. at your local Legislative Information Office. Remarks must be concise as testimony will be limited to two minutes. If you are not able to testify in person, please call 844-586-9085 for the call in number to deliver your [...]

3-22-17 Between a rock and a hard place….

Courtesy: BregsForum.com Differences over future divide Alaska Legislature.  Philosophical differences between members of the House and Senate are raising the risk that the Legislature ends the session without resolving the state’s ongoing budget crisis. GREAT NEWS FOR AMERICA, AND A GOOD OMEN FOR FUTURE ALASKA POLICY IMPROVEMENTS  -DH Bishop Response to Successful Gulf of Mexico Lease Sale   FOR IMMEDIATE RELEASE: March 22, 2017 CONTACT: Parish Braden or Molly Block (202) 226-9019  Washington, D.C. – Today, the Department of the Interior’s Lease Sale 247 for oil and gas [...]