3-18-19 Lest We Forget: Alaska Once Had A Stable Investment Climate!

Correction: in our recent email alert we rightly associated Anchorage property taxpayers with proposed bonded indebtedness but inadvertently associated property taxpayers with a proposed liquor tax.  -dh Lest We Forget: Alaska Once Created Two Decades Of Investment/Tax/Economic/Social Stability Commentary by Dave Harbour TRANS ALASKA PIPELINE SYSTEM (TAPS) Thirty-Eight years ago today, Alaska created what was to be two decades of "quasi"-fiscal stability.  We say, "quasi" because even in the wake of "reform", politicians would continuously be seeking more revenue. But let us begin the story this way.  [...]

2-11-19 Could this be one of the last ANWR hearings? Not likely, But This Is A Big One!

Another ANWR Hearing...TODAY? Don't Get Public Hearing Testimony Fatigue.  Every Hearing Produces A Record.   Decisions That Benefit or Hurt Our Families Are Partly Based On That Record! by Dave Harbour Today in Anchorage the Interior Department will hold what is, hopefully, one of the last hearings dealing with the environmental impact statement preceding the leasing of a small section of the huge Arctic National Wildlife Refuge for oil & gas exploration and perhaps, eventually, development. See the point? Dulles Airport area, within 1.5 million area, within 19.6 million [...]

1-17-19

Alaskanomics What does the future hold for the Alaska economy? By Mouhcine Guettabi,  The U.S. economy is convincingly in an expansionary phase, and is nearing peak growth rates for the current business cycle. Job creation has been consistently strong for an extended period, and unemployment rates have now returned to pre-recession levels. Recent stock market volatility has ....  MORE HERE Alaska AGDC audit recommends minor changes, additional report forthcoming  Alaskajournal.com.  The misstep occurred when seven invoices from the Bureau of Land Management were charged to the corporation's Alaska LNG Project [...]

1-7-19 FLNG Comment – and – Changing World Fiscal Systems

NGI by Charlie Passut.   Alaska and three Chinese companies have agreed to a six-month extension to negotiate and conclude definitive agreements for a liquefied natural gas (LNG) project in the state, despite an ongoing U.S.-Sino trade war. The Alaska Gasline Development Corp. (AGDC), China's state-owned Sinopec Group, the Bank of China and CIC Capital, a subsidiary of China Investment Corp., agreed to extend the deadline for an agreement until June 30. The four parties (See Footnote) signed a joint development agreement (JDA) in November 2017 to develop the Alaska LNG project, which is [...]

1-3-19 Shell Leads Big Canadian LNG Project

Comment: Alaskan investors have have been trying to engineer an economically feasible, North Slope LNG export project for over 40 years. British Columbia, also has LNG fever.  It struggles with a half dozen economically feasible export schemes -- occasionally confounded by Aboriginal claims, environmental activist obstruction and now, low LNG prices flowing from depressed world economies and a plethora of competitive LNG projects (See CBC review below). Unlike Alaska, the overwhelming majority of worldwide LNG export projects do not carry the burden of having to finance an 800 mile [...]

12-21-18 Use These Important References to Develop Your Alaska Gasline/LNG THINKING POINTS!

A Readers' Guide to Developing Alaska Gasline/LNG Thinking Points and Policy Conclusions We believe that in fewer than a dozen pages, our critically thinking readers can come to thoughtful logical conclusions re: continuing government ownership and operation of Ak-LNG.  Merry Christmas!  -dh Last Friday's (12-14-18) Summary provides a current view of Ak-LNG ownership risks.  https://tinyurl.com/y8k5xps5 This 11-5-15 review of an Alaska special session dealing with gasline/LNG matters and increased oil taxes provides a good deal of rationale against state ownership, including important reference to unintended results. (https://tinyurl.com/y9samzdt) [...]

12-20-18 More Ak-LNG and Canadian Pipeline Unrest

Be Sure To Flag Last Friday's Omnibus Gas/LNG Review! FERC denies state request for cooperating status in EIS By: Larry Persily For the Journal Post date: Wed, 12/19/2018 - 10:42am Larry Persily. Northern Gas Pipelines photo by Dave Harbour The law doesn’t allow the Alaska Department of Natural Resources to participate as a cooperating agency in the federal environmental impact statement for the state-led Alaska LNG project, U.S. regulators said. The department had promised not to share any information with the project developer, [...]

By |2018-12-20T13:32:16-09:00December 20th, 2018|AGDC, Alaska's Fiscal Crisis, Alaskanomics|0 Comments

12-14-18 A Citizen’s View Of The Two Alaska Gasline-LNG Projects

AK-LNG & ASAP: A Citizen Considers the Risks of Continuing Government Ownership by Dave Harbour How would you cope with the smorgasbord of problems/challenges Mike Dunleavy, assumed upon being sworn in as Alaska's Governor in early December? Alaska Governor Mike Dunleavy Some of the challenges blocking Alaska’s road to economic recovery -- and obscuring its natural beauty -- include: a fiscal crisis and annual budget deficits, billions in state employee unfunded pension liability, the highest unemployment rate in the nation, growing crime, an amazingly burdensome array of [...]

12-11-18 Alaska’s Russian Neighbor On The Other Side Of The Arctic Ocean Is Now Exporting LNG

All About Yamal, Alaska & Competitors Alaska Governor Mike Dunleavy Our consistent opinion throughout these pages is that government undertakes a fool's errand when it shifts its focus from its basic safety & management functions to other shiny objects outside its Constitutional authority. A $40-60 billion Arctic gas/LNG project is challenge enough for several of the largest oil company risk takers in the world.  But trying to own and control such a project -- as Alaska's previous governor tried to do -- is far, far beyond the [...]

9-12-18 Special Commentary For Oil & Gas Decision Makers, Custodians of Shareholder Wealth

FERC approves Kenai Borough as intervenor in Alaska LNG By Larry Persily Sept. 12, 2018 All three Alaska municipalities vying for a multibillion-dollar natural gas liquefaction plant and marine terminal are now intervenors in the federal regulatory process, giving each the legal right to challenge Federal Energy Regulatory Commission (FERC) decisions on the proposed Alaska LNG project. ...  Scroll down for Persily's full story below (Larry Persily, Northern Gas Pipelines photo by Dave Harbour) Our comment: In Alaska only the oil & gas industry must pay a special, state-wide property [...]

8-6-18 Alaska LNG Project Hires A New External Affairs Executive

AK losing ANWR $ BY CRAIGMEDRED ...The 49th state’s share of anticipated revenues from the Arctic National Wildlife Refuge (ANWR) is on the verge of being slashed by what could be close to $1 billion, and the state’s top elected officials seem strangely quiet. ...last year’s GOP-led tax cut that included a 50-50 state split of future ANWR royalty revenues ...U.S. House Committee on Appropriations approved a fiscal year 2019 Interior and Environment Bill that cut Alaska’s share of  ANWR royalty revenue to 47 percent. The other 3 percent is to be [...]

9-5-18 Proper land management can protect the environment, economy and rule of law -dh

Our opinion:  Nationwide--including Alaska and California--national forest and park lands and land monuments should be physically and scientifically managed in a way that best supports sustained yield management.   Ironically, this scientific approach not only contributes to jobs and economic strength, but also best protects the environment when pursued in accordance with well established permitting regulations.  It also protects against erosion of the rule of law.   -dh The LA Times Inadvertently Admits Trump Is Right About What’s Causing California’s Massive Wildfires https://dailycaller.com/2018/09/02/la-times-trump-california-wildfires/ Adopting more active forest management policies such as [...]

8-20-18

Finally, Alaska politicians may realize that a state government risks much by trying to negotiate fairly with ChiComs.... China Reportedly Probed Alaskan Networks Ahead of Governor's Trade Mission  Government Technology.  The state's Department of Natural Resources is a key state agency involved in the Alaska LNGproject that helps oversee the oil and gas industry. Story from Alaska Public Media by Rashah McChesney. ... (Priscilla Moriuchi is)  the Director of Strategic Threat Development and supervises the team at Recorded Future that put out a report on the surveillance. The report details evidence that computers at Tsinghua University [...]

8-14-18 Trouble In Canada’s Energy Sector

Oh Canada! Corbella: Saudi feud highlights Canada's lack of energy security  Calgary Herald.  “If you simply ask Quebecers — and most Canadians for that matter — 'Do you like or want pipelines? Or do you want oil in your life?' A clear majority … Your letters for Monday, Aug. 13 Calgary Herald.  Friday, as I often do, I sat at my kitchen island to read the Herald; nice to lay it flat ... Page A10, the last page of the first section, showed people in Calgary, ... Re: “Trudeau's actions have helped fuel Saudi regime,” Licia Corbella, [...]

8-8-18 Will Alaskans Let A CABAL Kill Their Economy?

Killing Alaska's Pioneering State Economy by Dave Harbour Here is a grassroots program designed to kill 49th state free enterprise.  This socialist feat is accomplished by creating an Enviro-Industrial-Governmental Cabal model with insufficient means of sustaining itself in the free market.  It reflects the same thinking that permits current Alaskan leadership to ignore prudent budgeting during a fiscal crisis while attempting to marry Alaska's future with Chinese Communist energy and finance companies in consummating an as yet infeasible LNG project.  We don't know whether to label such leadership "narcissistic", "naively well [...]