8-13-17 Alaska’s Socialist Gas Pipeline Project Moves Ahead In Spite Of Infeasibility

Tax exemption for AGDC Petroleum News As a political subdivision, AGDC will not be subject to federal income tax, the corporation said, and can issue tax-exempt debt. The expectation is that ... AGDC reports progress in attracting interest to gasline Alaskajournal.com Accordingly, AGDC has also set up a data room for potential customers to examine the technical design and environmental information on the project ...

By | 2017-08-14T06:05:50+00:00 August 13th, 2017|Alaska's Fiscal Crisis, Interstate Gas, Intrastate Gas, LNG|0 Comments

8-11-17 A Looming Disaster in Alaska’s Susitna Basin?

Today we provide this letter that a long time reader and natural resource expert sent us yesterday.  While the general subject revolves around forest management for maximum benefit of Alaska's people, we note that the concepts of multiple use and sustain yield apply to oil, gas and mining.  Why?  Because mining and energy do not preclude other uses of public and private lands -- and are highly regulated in any case.  Second, while forests and hunted and fished species, managed properly, are "renewable", oil, gas and mining are "newable". [...]

7-26-17 We’re on the road; but here’s your COMMENTARY from Seward, Alaska….

Committee Passes Bill to Improve Transparency, Management of Federal Land Ownership Comment: Since the majority of federal land is within Alaska, the 49th state could be a major beneficiary of legislation to inventory federal land assets.  -dh WASHINGTON, D.C. - Today, the House Committee on Natural Resources passed H.R. 2199, the “Federal Land Asset Inventory Reform Act of 2017” or the “FLAIR Act.” Introduced by Rep. Kevin Cramer (R-ND), the bipartisan bill requires the Department of the Interior to create a publicly available register of federal real property to increase [...]

7-20-17 TODAY IN CONGRESS. MONDAY TAPS. A WORKABLE ALASKA GTL SCHEME?

Murkowski Welcomes Nomination of Joe Balash for Key Role at Interior Members Discuss Bills to Bring Much Needed Reforms to the Endangered Species Act Varcoe: New BC energy minister faced with rekindling Canada's bold LNG dream Prospects For Exporting Alaska LNG?  Reference: U.S. LNG exporters could lose money for years, analysts say, Price competition holding back Canada’s LNG export hopes, Exxon drops plans to develop 46 tcf gas field offshore Indonesia (Links from Larry Persily) Is Gas To Liquids In Alaska's Future (Scroll down)? TODAY: HOUSE COMMITTEE MOVES TO IMPROVE MINING [...]

7-19-17 What Do Alaska & Ecuador Have In Common … Besides Our Vacation Home In Cuenca, High In The Andes?

Alaska Oil Production = Ecuador's (+/-) Ecuador, Courtesy: BBC Alaska Petroleum, courtesy USGS Note that while Alaska was once the largest US oil producing state at over 2 million barrels/day, its Trans Alaska Pipeline System  (TAPS) is currently 3/4 empty.  Ecuador, a small OPEC producer taps from its reserves about the same as Alaska now produces, a little over 500k barrels/day. This WALL STREET JOURNAL story attracted the attention of our Mid-Atlantic energy analyst friend in his commentary below, which should interest our US and Canadian [...]

7-18-17 Today in Congress it’s “all about Alaska”!

Today, the Subcommittee on Energy and Mineral Resources held an oversight hearing on onshore oil and gas development in Alaska. Panel members highlighted the many benefits for Alaska and the Lower 48 if the Arctic National Wildlife Refuge (ANWR) and the National Petroleum Reserve-Alaska (NPR-A) were opened for responsible exploration and development. “Energy development in the State of Alaska is a key component of achieving American energy independence. Enabling new opportunities for exploration and development, especially in the NPR-A and in ANWR, will create thousands of good jobs [and] [...]

7-17-17 Having A Competent Governor Is Critical To 1) Balancing the Budget, and 2) Attracting Investment & Jobs

7-17-17 = WHAT A LUCKY DATE TO ANNOUNCE A GUBERNATORIAL CANDIDACY -- FOR A PRO-FREE ENTERPRISE, PRO NATURAL RESOURCE DEVELOPMENT, PRO FAMILY, PRO DISCIPLINED GOVERNMENT SPENDING LEADER WITH EXTRAORDINARY SKILLS AND COURAGE! Mike Dunleavy files for governor  Suzanne Downing  July 17, 2017  Alaska News, Politics  8 Comments Senator Mike Dunleavy, Candidate for Governor of Alaska Sen. Mike Dunleavy of Wasilla filed a letter of intent with the Alaska Public Offices Commission today to run for governor. He is a Republican. Dunleavy, who represents District E, left the Republican caucus earlier this spring after breaking with [...]

7-8-17 Secretary Acts To Reduce Regulatory Delay and Expedite Lease Sales

Murkowski: New Secretarial Order Will Help Reduce Permitting Delays Ryan Zinke. Northern Gas Pipelines file photo by Dave Harbour U.S. Senator Lisa Murkowski. Northern Gas Pipelines file photo by Dave Harbour HOMER, AK - U.S. Sen. Lisa Murkowski, R-Alaska, issued the following statement after Secretary of the Interior Ryan Zinke issued a Secretarial Order directing the Department to hold regular onshore oil and gas leasing sales and to reduce delays in the processing of Applications for Permits to Drill (APDs) “After years of bureaucratic delay that held back [...]

7-5-17 Energy Evolution Continues – North Korean Threat Approaches Climactic Conclusion

At 3 p.m. EST today we witnessed U.N. Ambassador Nikki Haley's speech regarding the dangerous conditions evolving from North Korea's latest threatening missile test.  She offered the U.N. members a choice: act together to impose serious sanctions or expect the U.S. to act to defend itself.   Here for reference is a "Korea" speech we offered the Alaska World Affairs Council last October and a Washington Times Op-ed on Korea we provided last November.  -dh The Day After America's Fourth Of July, We Pray The Energy Evolution Continues In Freedom For [...]

6-26-17 More Detail On BP’s Global Energy Review

Continued Today From Our 6-19-17 Posting: BP’s Global Energy Review Damian Bilbao, BP Alaska Exploration, Inc., Global Energy Review 2017 Stay tuned for more on Damian Bilbao's presentations yesterday to the Anchorage Chamber of Commerce and the World Trade Center-Anchorage on BP's Statistical Review.    -dh Energy markets in transition: BP Statistical Review shows long-term shifts underway Strong oil demand and weaker supply growth rebalance oil markets; inventories continue to weigh on oil prices Energy mix shifting; rising renewable energy offsetting steep falls in coal use  Carbon [...]

6-23-17 Alaska’s Legislature Appears To Have Avoided A July 1 Government Shut-down

Today, Governor Bill Walker today issued a second supplemental proclamation of the 30th Legislature’s second special session. Governor Bill Walker. Northern Gas Pipelines file photo by Dave Harbour “I thank legislators for reaching a compromise on the operating budget to ensure government services continue after July 1,” Governor Walker said. “In doing so, they also appropriated a $1,100 permanent fund dividend (PFD) for each eligible Alaskan. Earlier today, legislators indicated in conference committee their intent to correct the state’s unsustainable oil and gas tax credit system. That’s [...]

By | 2017-06-23T14:43:02+00:00 June 23rd, 2017|Alaska Taxes, Alaska's Fiscal Crisis|0 Comments

6-22-17 “Here’s A Cigar;” or, “Close But No Cigar”

Our Take On Alaska's Current Budget Crisis, A Component Of the 49th State's Omnibus Fiscal Crisis by Dave Harbour The citizens of Alaska are sitting at the edge of their chairs, watching for the outcome of a budget battle building in their isolated capital of Juneau.  It could be decided as we write this and cigar boxes could open; or, July 1 could come and go, complete with untold tales of woe, and decision makers will undoubtedly console themselves that they did their best.  But we know that activity [...]

6-21-17 Alaska Celebrates 40 Years Of Prudhoe Bay Production – While Irresponsible House Majority Instigates Government Shut-Down

Of related interest: Down & out in AK, Commentary by Craig Medred.    Yet more trouble appears on the horizon for the already troubled business of journalism in Alaska. More on our earlier report covering BP's 2017 statistical review from our Mid-Atlantic energy analyst friend...demonstrating the 'reach' of this annual review  -dh:  "The BP Statistical Review of World Energy 2017 is now available. We made a quick link to it last night, but here it is again: http://www.bp.com/content/dam/bp/en/corporate/pdf/energy-economics/statistical-review-2017/bp-statistical-review-of-world-energy-2017-full-report.pdf  It is worth downloading, and the information is available on the website in [...]

By | 2017-06-21T11:11:14+00:00 June 21st, 2017|Alaska Taxes, Alaska's Fiscal Crisis, Commentary|0 Comments

6-20-17 Prudhoe Bay’s 40th Anniversary Today!

Dave Haugen. Northern Gas Pipelines file photo by Dave Harbour The beginning of Prudhoe bay development By Lori Townsend, Alaska Public Media Conventional oil is what’s traditionally flowed through the Trans-Alaska Pipeline.  40 years ago, the first barrel of oil started flowing down the trans-Alaska pipeline. Completing the pipeline was an epic, three-year saga that required tens of thousands of workers, great feats of engineering and perilous work on mountain passes. On the next Talk of Alaska, TODAY, we’ll explore that pipeline history as part of the [...]