7-1-16 Much Alaska gas pipeline/LNG food for thought over the Independence Day weekend!

Yesterday we commented on the overall chaos enveloping Alaska  as it seeks fiscal stability. Fiscal stability is a critical risk for big investments -- like a multi-billion dollar energy project.  If fiscal stability does not exist, savvy energy investors must cease or postpone projects until risks become less threatening. Alaska Governor Bill Walker In such a caldron of multi dimensional issues, we see great political/emotional support for construction of an Alaska gas export project. However, the realities of world energy prices, high and unpredictable Alaska tax policy, a run-away spending history, and democrat leaders [...]

6-28-16 ALASKA’S GOVERNOR: Clouds Of Suspicion Descend On Him As His True Motives Begin To Emerge

Is this the question everyone would like to ask? Alaska Governor Bill Walker. NGP Stock Photo by Dave Harbour. If Alaska's Governor Bill Walker were not conniving to convert Alaska into a sick, modern version of Hugo Chavez' socialist  utopia, why would he be overspending, demonizing the state's biggest investors and seeming to move toward a takeover of various oil & gas leases and transportation and distribution systems?   -dh     Anchorage Daily Planet Editorial: Disaster in the making? Added by Editor on June 27, [...]

6-27-16 Four Ways The New Panama Canal Will Change The World

Change the world, yes.  But how will it affect Alaska's LNG Project? MAERSK shipping is one of the great transport support companies in the world.  Its Panama Canal story BELOW could be read as an advertisement. Bill Walker, Governor of Alaska. NGP file photo by Dave Harbour. However, we read it as a documentary on how competition for an Alaska LNG project has just increased.  Larger draft vessels transporting LNG from the Gulf coast and abroad through the new/improved Canal will have cheaper access to Alaska's natural Asian [...]

By |2016-12-22T22:27:10-09:00June 27th, 2016|Alaskanomics, Arctic Policy, Commentary, Competition, LNG|0 Comments

6-23-16 Federal Overreach Is Officially Court-Scorned

BREAKING NEWS TODAY: Compare With Related Federal Lawlessness Documented Below Washington, D.C. – Today, the Subcommittee on Oversight and Investigations held an oversight hearing on the lack of enforcement and accountability from the Obama Administration in response to a growing number of reports of unethical and criminal conduct at the Department of the Interior (DOI).  More here, including witness testimony.... Pacific Legal Foundation's Supreme Court Victories Over Federal Overreach Read Here Federal Judge Kills Fed Fracking Regs By Victor Morton - The Washington Times - Tuesday, [...]

6-21-16 The Socialist Cabal Attacks Nuclear, et. al.

Wildrose blasts NDP over climate plan advertising, Calgary Herald ... per-capita greenhouse gas emissions in the fight against climate warming and to help the province win outside support for stalled pipeline projects ... NGP Readers: be aware that as the enviro-industrial-governmental cabal continues (i.e. via protests, confrontation, litigation, statute and regulation) to vilify and outlaw OCS activity, oil, pipelines, coal and nuclear energy projects, more reliance will fall on natural gas power generation.  Now, the cabal is targeting nuclear but also natural gas.  So when the inevitable market and political winds [...]

6-19-16 Alaska’s Governor Calls 5th Special Session

Bill Walker, Governor of Alaska. NGP file photo by Dave Harbour. Commentary: This afternoon, Alaska Governor Bill Walker called for a 5th Special Legislative Session to deal with the State's fiscal crisis: Here is the proclamation.     ///     See his video press conference here. We believe Walker may also be creating for himself a political crisis, for several reasons: The proclamation puts back on the table all of the most controversial issues rejected during earlier sessions: Use of the state's permanent fund earnings for government operations and a broad [...]

5-17-16 Daunting Federal OCS and Oil State Budget Challenges

From Dan Kish at the Institute for Energy Research comes this comment (i.e. below left) on the federal government's consideration of its 2017-2022 5-year leasing plan.   The IER analysis carefully addresses nationwide concerns about access to federal lands/waters for energy exploration and production.  Since Alaska is such a huge component of federally managed OCS  resources, IER correctly recognizes Alaska's potential:  ...there has been far greater leasing in the Gulf of Mexico than the Alaska OCS and as a result the reserve estimates have nearly sextupled in the Gulf of Mexico while remaining [...]

6-16-16 Canadian Community Fights For LNG/Pipeline Project

ACTION ALERT Five-Year OCS Lease Sale Plan, deadline today! PLEASE RESPOND TODAY: HERE’S HOW Here's the pat on the back you'll receive when you submit your comment: "Your comment was submitted successfully!" Mining by Dean Pelkey.  Canadians Stand In Support Of Pipeline/LNG Project! Platts.  Alaska and North Slope producers are discussing possible new ownership structures for the large Alaska LNG project.... We always value the wisdom and information transmitted by our Ak-Headlamp friends and today is another illustration of why this is so: Alex Epstein, a recent speaker at [...]

6-15-16 BP’s Statistical Review Of World Energy Continues to Impact Energy Dialogue

ACTION ALERT Five-Year OCS Lease Sale Plan, deadline tomorrow! PLEASE RESPOND TODAY: HERE'S HOW BP's Annual Statistical Review of World Energy.  A week ago, we drew a number of conclusions from BP's annual statistical energy review, linked here if readers missed it.  Below are other perspectives our readers will appreciate, though the writers didn't focus as much attention on the serious financial impact alternative energy subsidies pile onto family and business consumers worldwide. The BP report paints a realistic world portrait of energy price and demand volatility: the enormous energy supply [...]

6-13-16 Citizens Shouldn’t Let Government Invest In And Manage Private Industry Projects

Dear Readers:  Here is an article about LNG risk investment that every citizen who supports government ownership of energy projects should read.  (Our friend, Dan Kish, Senior Vice President for Policy at the Institute for Energy Research reminds us that, "the Spot price for LNG in Singapore last week was $4.62.") Our commentary on the above, Bloomfield article: We have made the case for a long time here that the State of Alaska has no business using precious public dollars now during a fiscal crisis -- or any other time -- to acquire equity [...]

6-10-16 New Worldwide Energy Report Highlights Need For Competitive — Not Predatory — Government Policies

Keith Meyer, President, Alaska Gasline Development Corporation Alaska must not be facing a 'fiscal crisis' after all.  With HH gas less than $3 and some renegotiated Asian LNG gas deals in the $5 range and Alaska LNG sold in Asia needing 100-150% higher landed prices than that, here is the latest headline from the Alaska, government-owned LNG project company, AGDC: "New AGDC president to make half million dollars a year...."  Socialism may not yet be in full bloom on the Last Frontier...but its Alaska spring sprouts now range from pipeline/tanker [...]

6-8-16 Repsol Left Argentina For Alaska — Now Closes Alaska Office!

Another Supreme Court victory by our Pacific Legal Foundation friends -- for private landowners and natural resource developers everywhere.  Congratulations!  -dh An oil and gas tax credit report from Alaska State Senate Natural Resources Committee Chairman, Senator Cathy Giessel June 7, 2016 June 6, 1944 was the turning point in World War II - the D Day offensive, on the beaches of Normandy, against Hitler's German forces in Europe. Alaska State Senate Resources Committee Chairman, Cathy Giessel. NGP file photo by Dave Harbour. Yesterday, June [...]

6-6-16 An Alberta Energy Editorial Tailor Made For Alaska

From one of our heros: Chris Nelson, a writer who provided this commentary to the Calgary Herald. With a few word changes, we could produce a commentary just like this for Alaska...or, North Dakota or California or Texas or Pennsylvania or New York or Colorado, etc.    -dh According to a respected federal think-tank, Alberta’s on a slippery slope to having little energy industry left as the world turns instead to renewable sources of power. The scenario sounds like David Bowie’s epic Five Years, except we apparently have three times [...]

6-4-16 Alaska’s Fiscal Crisis: Problems With Kicking the Can Down the Road

Socialism for the uninformed, by Thomas Sowell.  Socialism sounds great. It has always sounded great. And it will probably always continue to sound great. It is only when you go beyond rhetoric, and start looking at hard facts, that socialism turns out to be a big disappointment, if not a disaster.  More.... Brad Keithley, NGP Photo by Dave Harbour This morning our friend, Brad Keithley quotes a member of the Finance Committee in an exchange we also witnessed recently:  Brad Keithley. Lynn Gattis, NGP Photo [...]

By |2016-12-22T22:27:13-09:00June 4th, 2016|Alaska's Fiscal Crisis, Alaskanomics, Commentary|0 Comments

6-3-16 NEB Breathes Life Into Mackenzie Project – Alaska’s Fiscal Crisis Unresolved

One of Earle Gray's books.... CBC News.  The National Energy Board is giving Imperial Oil until the end of 2022 to start building the Mackenzie Gas Project.  ...  Previously, Imperial Oil and its partners had until the end of 2015 to begin building the 1,196-kilometre, $16.2-billion pipeline. ... Lisa Schmidt, a spokesperson for Imperial Oil, said in an email ... the project participants "remain hopeful that they can assist in the development of Canada's significant northern gas resources.  This extension will allow time to assess whether changes in the North American natural gas [...]

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