10-11-15 Alaska Governor Continues Career-long “Brawl” With Alaska Oil Industry

Alaska Governor Continues Career-long "Brawl" With Alaska Oil Industry ADN, Op-Ed by Paul Jenkins, Anchorage Daily Planet.  If reasoned leadership in this state sold for $1 billion a gram, we would have to scratch like chickens in a dusty barnyard to come up with a penny’s worth. If we could peddle ineptitude for a dime a ton, we would be rich. Let’s review: Our Swiss cheese fiscal ship is belly-up and sinking like a stone. Alaska suffered a $3.5 billion deficit last year; it faces $3 billion in red ink [...]

By |2016-12-22T22:27:59-09:00October 11th, 2015|Alaska Taxes, Commentary, LNG|0 Comments

10-10-15 Taking A Hike Without A Map

Petroleum News by Steve Quinn.  House Speaker Mike Chenault (NGP Photo) says he’s ready to come back to Juneau for a special session addressing two developments on the state’s pursuit of a natural gas pipeline and an LNG export facility. But the Nikiski Republican adds that he remains in the dark on Gov. Bill Walker’s plans....  (Comments: Citizens should be embarrassed for and ashamed of a governor that calls a special session of the legislature and does not accompany that call with proposed legislation.  Even if the governor provided draft bills [...]

By |2016-12-22T22:27:59-09:00October 10th, 2015|Alaska Taxes, Commentary, LNG|0 Comments

10-8-15 Is Alaska LNG Project Risk Understated? Should Government Take The Risk?

Between an overreaching governor who seems intent on commanding if not socializing Alaska's energy industry, and a President who seems intent on crippling if not shutting down Alaska's energy industry freedom is threatened on America's Last Frontier.  Today we explore why this is so.  -dh To our hundreds of Canadian readers: We apologize for the lack of news directly affecting you today; but we must focus on an Alaska Governor who exhibits a certain hubris impacting both the energy industry and Alaska's future.  You may find object lessons which also apply on [...]

10-5-15 Shell’s Plan And An Exchange of Emails With Our Aussie Friend

Shell’s Alaskan oil plan makes long-term sense amid questions over shale’s longevity The National, by Steven Kopits.  Shell announced this week that it was abandoning efforts to develop oil from the Alaska’s outer continental shelf (OCS). Faithful readers may wish to review related personal correspondence from last night with our esteemed Aussie oil and gas analyst, here. Our equally esteemed Mid-Atlantic oil and gas analyst friend adds this note today that should be an even stronger signal to Alaska's Governor Bill Walker. And, what is that signal?  The note signals [...]

By |2016-12-22T22:28:00-09:00October 5th, 2015|Alaska Taxes, Interstate Gas, LNG|0 Comments

9-30-15 Natural Gas Reserves Tax: Governor Walker’s Brilliant Strategy For Encouraging Industry Investment in Alaska

Natural Gas Reserves Tax: Governor Bill Walker's 'Brilliant Strategy' For Encouraging Industry Investment in Alaska by Dave Harbour Governor Bill Walker (NGP Photo) has spent a career and millions of OPM (i.e. other people's money) dollars on Quixotic wanderings around the world in failed attempts to make his infeasible visions of an Alaska LNG project economically viable. Today, our Aussie oil & gas analyst friend's comments apply to this commentary as he addresses Shell's Alaska OCS exit and LNG competition. See today's comment by our Mid-Atlantic analyst friend on Shell's departure and an earlier, expensive, [...]

By |2016-12-22T22:28:00-09:00September 30th, 2015|Alaska Taxes, Arctic Policy, Commentary, OCS|0 Comments

9-29-15 More Fallout Follows Shell’s Withdrawal From Alaska’s OCS Potential

See more of yesterday's reports and reactions from U.S. Senator Lisa Murkowski (NGP Photo), various news sources yesterday, more sources today, and our commentary. Here is Tuesday's Early Report... ...in wake of Shell's announcement yesterday that after $7 billion invested and over a half decade of delay and disruption mostly caused by America's government, it is withdrawing from Arctic OCS exploration.  See statements (below) by Governor Walker, Alaska Oil and Gas Association, Consumer Energy Alliance, Congressman Don Young (NGP Photo) and American Energy Alliance.  (Search our archives for many other Shell Oil [...]

9-28-15 Shell Abandons Alaska Arctic Exploration

See Our Aussie Energy Expert's Current View On Alaska's Energy 'Leadership' See Senator Lisa Murkowski's Reaction To Shell's Announcement ADN/AP Shell Announcement by Dan Joling/Yereth Rosen Our Commentary On Shell's Alaskan Arctic OCS Exit With Alaska's "Plan B" failing what's wrong with relying again on "Plan A"? by Dave Harbour Alaskans will be seriously questioning the future of their state when they wake up and read the news this morning. This is because Alaska is more than any other North American state or province dependent on oil production and production is down, down, down.   Alaska [...]

9-27-15 “Is Alaska Its Own Worst Enemy?”

Oil Price by Nick Cunningham.  ... ExxonMobil’s CEO Rex Tillerson didn’t mince words in a recent interview with the Energy Intelligence Group. “I have a long history with this, and I always tell every governor of Alaska, ‘You are not waiting on us. You are waiting on you,’” he told the Energy Intelligence Group, as reported by The Alaska Journal of Commerce. “And every governor that comes in decides they’ve got a different way of doing this, which is why it never happens. You can’t take a project that is [...]

By |2016-03-13T03:56:30-09:00September 28th, 2015|Alaska Taxes, LNG|0 Comments

9-25-15 Alaska’s Governor Issues Bombshell Gasline Report

Gasline from Alaska Governor Bill Walker on Vimeo. YOU READ ALASKA GOVERNOR BILL WALKER'S ANNOUNCEMENTS HERE FIRST, YESTERDAY     BELOW IS TODAY'S UPDATE  (Scheduled for completion this weekend) Reader comments: Dave, Dave: "... appreciate your efforts greatly, as do a lot of folks." -From an energy industry journalist. Hi Dave:   Did you ever read the Bizarro World comics??     We are living such in real time I'm afraid.   Cheers!!   Ron Arvin  I always enjoy your newsletter, but your recent re: the NG issues one is special. [...]

By |2016-12-22T22:28:01-09:00September 25th, 2015|AGDC, Alaska Taxes, Commentary, LNG, You Read It Here First|1 Comment

9-24-15 Big TransCanada Layoffs Announced – Alaska Gas Project Agrees to Property Taxes

You'll love this Blog by our Aussie friend; try it here. Suncor (TSX:SU), Canada's largest energy company, boosted its stake in the Fort Hills oil sands project​ ADN by Pat Forgey.  The big oil companies that plan to produce and ship North Slope natural gas have agreed to pay $16.5 billion in property taxes on the huge project, but they'll pay them to the state instead of local governments, Revenue Commissioner Randy Hoffbeck said Wednesday. Financial Post: TransCanada layoffs.   “This past Monday, employees were informed of organizational changes being implemented over [...]

By |2016-12-22T22:28:01-09:00September 24th, 2015|Alaska Taxes, Interstate Gas, Intrastate Gas, LNG|0 Comments

9-22-15 BP’s US and Alaska Economic Reports

See BP's 2015 $135 billion US Economic Impact and Its Alaska Economic Report (Supporting over 24k jobs) Our Commentary Calgary Herald.       Cagary Herald End of year deadline for review of Alberta Energy Regulator, says minister ADN by Pat Forgy.   The North Slope Borough has become fabulously wealthy from taxes on the oil industry and its massive Prudhoe Bay infrastructure.   More.... Reader Commentary by Our Mid-Atlantic Energy Senior Consultant Friend (Reference this Fuel Fix Story by Collin Eaton) Our Commentary While Alaska producers are poised to finance and build a gas pipeline/LNG export [...]

9-20-15

Comment:  Peninsula Clarion by Rashah McChesney.   It was a friendly gathering, but Alaska LNG project representatives found themselves in the hot seat on Thursday during the first of two informal community meetings planned in Nikiski. For two hours, community stakeholder adviser Josselyn O’Connor and socioeconomic adviser Mark Jennings fielded questions ranging from  Yesterday's Forum On Alaska's Fiscal and Economic Future verified that Alaska has no consensus for avoiding the fiscal cliff. Alaska's future is the product of its own decisions, and that future looks dire. Only exceptional leadership can [...]

By |2016-12-22T22:28:01-09:00September 20th, 2015|Alaska Taxes, Commentary, LNG|0 Comments

9-18-15 “Who’s On First?”

Petroleum News.  With Premier Christy Clark at the helm, the British Columbia government entered a two-day summit on Sept. 9 with about 500 First Nations leaders hoping to bridge the chasm on future economic, social and legal relations. Walker Returns to Japan To Market Gas He Does Not Control (But Japanese hospitality is so impressive!) Alert: Alaskans Concerned about a nearly 50% gap between state income and spending should attend Tomorrow's Forum On Alaska's Fiscal and Economic Future!  Here's the program and here's how to watch live. For additional reference, [...]

By |2016-12-22T22:28:01-09:00September 18th, 2015|Alaska Taxes, Alaskanomics, Arctic Policy, Commentary|0 Comments

9-14-15 LNG Prospects Fading

See Sunday's TAPS Pioneer Op-Ed by Dave Haugen (NGP Photo-L) *     *    * Anchodrage Daily Planet, "Dealing with a $3.5 billion deficit", by Tom Brennan (NGP Photo) ALASKAN PIPE & LNG POLITICS / ECONOMICS.  ADN.  In a tense marathon meeting that one lawmaker likened to an “inquisition,” Republican legislators blasted the state’s gas line team after learning that a lack of agreement between the state and its partners in the massive Alaska LNG project may preclude a special session this fall, possibly leading to costly delays.    CANADIAN PIPE & LNG [...]

9-13-15 Gas Pipeline Pioneer Haugen Pioneered Oil Pipe Too

Washington Examiner Op-Ed by David Haugen (NGP Photo) I am proud of my role in shaping Alaskan oil and gas development since the 1970s and in helping to produce "Pipeline Pioneers," a new film series available at arcticopportunity.org about the people who helped build one of the country's greatest and most critical engineering landmarks — the Trans-Alaska Pipeline System (TAPS). The series depicts TAPS through my eyes and those of four other Alaska pioneers — Dave Norton, Scott Harter, Kathleen Dalton and state representative Benjamin Nageak. Since its construction in the 1970s, [...]

By |2016-03-13T03:55:25-09:00September 13th, 2015|Alaska Taxes, Alaskanomics, Arctic Policy|0 Comments
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