4-26-18 Alaskanomics and Alaska’s Natural Resource Wealth

Alaskanomics Scott Goldsmith. Northern Gas Pipelines photo by Dave Harbour We commend Northrim Bank (Northrim and its public service web page, Alaskanomics) for having long supported an approach adopted by Dr. Scott Goldsmith, now retired from the Institute of Social and Economic Research (ISER), the "three legged stool". This analogy equates the stability of the stool to an economy supported equally by 1. oil & gas industry taxes and spending, 2. federal government spending and 3. other resources.  The only alteration we would suggest to the stool [...]

4-7-18 Canadian Liberals To The Rescue? Amazing Chutzpah!

Canadian liberals and their pro-anarchy, anti-pipeline, enviro-activist allies caused the death or delay of multiple pipeline modes capable of marketing Canadian oil & gas.  Now, with the economy crashing, liberals are positioning themselves as energy transportation saviors.  What Chutzpah!  -dh Justin Trudeau defends his support for oilsands and pipelines during Fort McMurray visit.  CBC.ca.  "For 10 years Stephen Harper talked the oilsands up and weren't able to get [pipelines] done." Trudeau said he looked forward to sitting down with industry leaders later Friday to hear more about how the Liberal government can improve oil and gas regulations. [...]

3-23-18 Which is worse off, Alaska or Alberta?

Commentary by Dave Harbour Which is worse off: Alaska or Alberta? Both are controlled by liberals (i.e. socialists).  Both are dependent on fossil energy -- and the pipelines transporting it.  Both prize expanding an ever-wanting-more entitlement voter base more than a taxpayer base of wealth-creating energy investors and WORKERS.   Liberal leaders of both spend billions more than they can afford.  Both have lost thousands of taxpayer workers while keeping tax beneficiaries mostly WHOLE.  Both project a better economic day...when the current crop of political 'leaders' are safely out of [...]

3-20-18 LAST CHANCE BEFORE VOTING: A Logical Review Of Anchorage’s Utility Ballot Initiative, and An Alaska LNG Scheme Update

Our Analysis Of Proposition 10 From Last Week Proposition 10 allows the MOA to sell its Municipal Light & Electric (ML&P) utility to Chugach Electric Coop (CEA). Ray Kreig on Mike Porcaro's 3-23-18 KENI Radio Show re: author's view of ML&P sale. https://clyp.it/fhbf5swd We support an HONEST and TRANSPARENT sale of ML&P but we oppose the corrupted process leading to Proposition 10.  We will vote “No” until the MOA employs a transparent, valid, robust, national competitive bidding process (i.e. RFP or RFB) and until a super majority [...]

3-18-18 Historical Day For Alaska Tax History – CANADIAN PIPELINE SHOWDOWN!

Saskatchewan would support Alberta's decision to turn off oil taps CBC.ca.  "If the fuel tanks start to run dry because Premier Notley has turned the tap off, it won't be Saskatchewan filling them up," the premier told CBC Radio's The ... Though Saskatchewan isn't connected to Kinder Morgan's Trans Mountain pipeline, the delays in getting the $7.4 billion expansion completed are ... Analyst warns British Columbia gas prices could soon hit a record high Calgary Herald (3-20-18 Update) Q. WHAT IS A FAIR SHARE OF OIL TAXATION: THE ETERNAL QUESTION A. fair share of oil taxation is whatever the [...]

3-15-18 We Comment On Anchorage, Alaska Ballot Measures

Our Honest Opinion: Anchorage, Alaska Ballot Measures Comment: These voter issues appear on the Municipality Of Anchorage (MOA) April 3 election ballots being distributed this week by mail.  Since some of the measures affect energy companies and those affected by them, we have taken time this week to prepare comments.  Note that this is an opinion page.  While we have HONESTLY dedicated ourselves to being as factual as possible, based on the public information we have reviewed, we do -- as always -- encourage reader involvement.  You can comment [...]

3-7-18 Alaska has a deficit budget and fiscal crisis but pours money into socialized, uneconomic energy projects!

Government subsidized Fairbanks natural gas scheme plods on... ...with insufficient customer base, insufficient long term gas supply, high cost barriers to fuel oil/gas conversion. This is one of two large,  socialized, Alaska energy projects that politicians continue to subsidize in the midst of a fiscal crisis highlighted by deficit budgets.  Neither the AGDC nor the IEP natural gas projects would now be burning cash if they were controlled by prudent, free market investors.  See references, below.  -dh LNG tank construction a sign of progress for Interior gas project (IEP),  Alaskajournal.com,   Backhoes are back [...]

3-6-18 Stop the LNG madness!

Alaska's Imprudent LNG Folly Threatens Its Future The Alaska Legislature should stop the madness and funding during this legislative session by Dave Harbour Yesterday, we again made reference to the folly of doing risky, long term business deals with communist China, with whom the United States is still at a state of war on the Korean Peninsula, along with North Korea. Sure, China buys a lot of fish from private, Alaska commercial fishing businesses.  That is far different than an Alaska governor, expropriating the multi-multi-billion dollar Alaska North Slope [...]

3-5-18 Alaska North Slope Gas: Irrelevant and Ignored

Alaska Senate committee takes up Walker’s bill to retire oil tax credits.  The Senate Resources Committee took up Senate Bill 176, which would have the state sell bonds to pay off the credits, for the first time Feb. 21. Alaska delegation says drilling in ANWR is at least a decade away.  It took roughly four decades for Alaska's congressional delegation to pass a law that would allow drilling in part of the Arctic National Wildlife Refuge (ANWR)…FERC grants Mat-Su Borough’s request on Port Mac.  The Alaska LNG Project appears to have just [...]

By | 2018-03-07T14:32:30+00:00 March 5th, 2018|AGDC, Alaska's Fiscal Crisis, Alaskanomics, Competition, LNG|0 Comments

3-3-18 Modern Tale of Two Cities (State/Province)

AGDC provides permit timelines, answers other questions from Senate.  Petroleum News  The Alaska Gasline Development Corp. has provided answers to questions from Sens. Cathy Giessel and Anna MacKinnon, both Anchorage Republicans, poised following a January update to the Senate Finance and Resources committees. Giessel chairs Senate Resources; MacKinnon co-chairs ... Yedlin: Oilpatch results reflect improving environment.  Calgary Herald Natural gas producers were at the opposite end of that story, however, with constrained pipeline access and a surfeit of supply keeping prices down. Even the severe winter weather wasn't enough to lift natural gas prices, which speaks to the fact the [...]

By | 2018-03-04T02:09:31+00:00 March 3rd, 2018|AGDC, Alaska's Fiscal Crisis, Alaskanomics, Canadian Energy Policy, Control Government Spending, Global Warming|Comments Off on 3-3-18 Modern Tale of Two Cities (State/Province)

3-2-18

US Pipeline Economics Study 2017.  Sourced by the Oil & Gas Journal's Pipeline Economics Report and FERC fillings, this data set captures information on pipeline and compression station constructions costs back to 2000. Additionally the report includes fiscal data for US oil and natural gas pipelines and data on estimated pipeline costs as presented in applications to FERC since 1980 for hundreds of onshore and offshore pipeline projects. Oh, Canada! Varcoe: Alberta job outlook brightens, but pipeline bottlenecks could cost province $9B.  Calgary Herald Albertans will see more jobs created [...]

2-22-18

"...the path to American Energy Dominance starts in Alaska." -RZ Ryan Zinke. Northern Gas Pipelines file photo by Dave Harbour WASHINGTON – Two senior U.S. Geological Survey officials have stepped down after Interior Secretary Ryan Zinke demanded that they provide his office with confidential data on the National Petroleum Reserve-Alaska before it was released to the general public. Murray Hitzman and Larry Meinert – who had served as the agency's associate director for energy and minerals and acting deputy associate director for energy and minerals mission area, [...]

2-17-18 Alaska LNG Planners Are Busy, Busy, Busy, but….

Alaska gas project bureaucrats are busy, busy, busy. But since the economics are not yet supportive of the Alaska Gasline Development Corporation (AGDC) scheme, to what end is the government controlled organization busy?  -dh P.S.  If the economic stars are not aligned for AGDC, why would the Chinese be interested?  Even if the Chinese are interested, what convinces AGDC that China as a long term contract partner, in a multi-tens of billions of dollars project, would be reliable?  Does Alaska's governor plan to use the state's savings account to [...]

2-15-18 BC-Alberta Pipeline Tensions Rise – Let’s Not Forget Alaska Either!

Danger Stranger by Dave Harbour Why are government officials in Alaska, Alberta and British Columbia so engaged in efforts to control utility/pipeline projects?  A.  Because that's where the money is (Ref: W.H.).  Ratepayers, Taxpayers, Citizens beware the elected elite and bureaucracy! DANGER-STRANGER We urge critical thinking Alaskans to be especially alert to utility/pipeline games.  With declining economy, unions and government workers, some utilities and compliant politicians (i.e. and croney capitalist businesses dependent on the foregoing) will naturally want to keep their constituencies WHOLE at the expense of [...]

1-23-18 Just remember….

Just remember... Private companies when filing with FERC and other agencies -- for energy projects or just for portions of a project regulated by a particular agency -- really have to have their acts together. Among that preparation is a reasonable degree of knowledge and proof -- acceptable to the board of directors as well as convincing to the agency -- that the project is real.  The application must be solid: environmental research/safeguards (i.e. air, water, earth and flora and fauna, including birds, mammals, fish), geological, cultural, archaeological, logistic, [...]