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 [...]

4-20-17 Plan Ahead For Arctic Conferences!

We are sure that our Arctic oil, gas and mining readers will find this conference useful: International Business Conference & Trade Show Sheraton Anchorage Hotel    Alaska's Premier Arctic Business Event Focused Squarely on Trade, Commerce, and Investment in the Region.  Four Ways Your Company Can Participate in  Arctic Ambitions VI Conference & Trade Show    ATTEND THE CONFERENCE This year, the theme of the conference is New Arctic Realities: The Path Forward. With this theme, we will highlight the following areas: transportation, technology and innovation, infrastructure development, natural resource [...]

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 [...]

3-21-17 Economist Roger Marks Fact Checks Lawyer’s “Fair Share” Cliché (UPDATE)

Calgary Herald by Javier Blax.   Exxon Mobil Corp., Royal Dutch Shell Plc and Chevron Corp., are jumping into American shale with gusto, planning to spend a combined $10 billion this year, up from next to nothing only a few years ago.  (Many Alaskan and Alberta elected officials -- obviously -- have no concept of the principle of worldwide competition for attracting natural resource investment dollars.  -dh) Critical Thinking The end of the Alaska Legislature's 2017, third trimester approaches.  The socialist-leaning House majority has cut off debate on their [...]

3-17-17 State Owes Industry Investors Stability

More coming.... Resource Development Council for Alaska BREAKFAST FORUM SERIES Yesterday's Presentation Breakfast: March 16, 2017 - Dena'ina Center "Fix the Fiscal Problem Now and Don’t Destroy Our Resource Industries" Jim Jansen. Northern Gas Pipelines file photo by Dave Harbour Jim Jansen, Chairman, Lynden and Co-Chair, KEEP Alaska Competitive Coalition (Video coming) Here is last week's presentation, 3/2/17:    What's Next For Caelus? by Pat Foley, Senior Vice President Alaska Operations, Caelus Energy Alaska LLC Breakfast Packet (pdf) • PowerPoint Slides (pdf)   RDC Breakfast 03-02-17 from Resource Development Council [...]

3-16-17 We have trusted you, President Trump, to maintain your correct climate change (hoax) position. Please do not let one or two close advisors deter you from the right course!

Photo: Ivanka Trump and Jared Kusher, for whom we have held great regard based on their dispassionate, logical, loyal and wise counsel.     If we ourselves misunderstand the larger picture and strategy, we invite additions/corrections and will highlight any corrections at the top of this and/or subsequent postings, as is our custom. The accuracy of our archives is our most important priority. -dh Congratulations, Mr. President, on moving to pull back EPA’s fuel efficiency standards! "The president's daughter and son-in-law pushed the Republican executive to get rid of [...]

3-15-17 Murkowski Prioritizes Energy Infrastructure

Globe & Mail.  Shell left Alaska, now trims Alberta and B.C. investments. Alaska state senators scour budget in hopes of $300M in cuts  Climate bill faces tough sledding in Alaska legislature (See our related Commentary)   Today we also provide our many readers who knew him, an obituary and personal comments about Dennis Hebner, a great friend.  -dh Senator Lisa Murkowski. Northern Gas Pipelines file photo by Dave Harbour Murkowski: Energy Infrastructure Is Central to Our Way of Life Highlights Critical Role in Making Energy Cleaner, More [...]

3-13-17 Prudhoe Discovery Heightens Saudi Anxiety – N. Korea Could Heighten Alaska/US Anxiety

Saudi Arabia: "Game Over, Man" By Christian DeHaemer Written Monday, March 13, 2017 “My grandfather rode a Camel, my father rode a Camel, I drive a Mercedes, my son drives a Land Rover, his son will drive a Land Rover, but his son will ride a Camel." — Sheikh Rashid bin Saeed Al Maktoum The Mother Lode Over the weekend, Repsol SA announced a giant find onshore in Alaska. Some 1.2 billion barrels of oil have been discovered on the North Slope, marking the biggest onshore discovery in the [...]