2-6-17 Is Alaska Continuing To Become The Worst Investment Climate In The United States?

One could fairly ask if, "Alaska Is Continuing To Become The Worst Investment Climate In The United States".   We hope not, but the question is reasonable.  The question is reasonable because for over two decades the University of Alaska's Institute of Social and Economic Research has warned decision makers to control spending.  Over three decades ago, Common Sense for Alaska urged prudence in taxing and spending policies.  We have also documented in these pages a sad history of rapid, industry tax changes, application of punitive retroactive taxes, discriminatory industry taxes [...]

2-5-17 Alaska – Alberta Job Losses Mount As Governments Struggle With Budgets

Alaska lost another 9,000 jobs in third quarter for biggest decline since oil prices crashed   ADN, by Alex DeMarban Alberta EI Claims Have Doubled In The Past Year  The Huffington Post Alberta | Sarah Rieger | Posted 01.22.2016 | Canada Alberta Read More: Video, Alberta Economy, Alberta Jobs, Alberta Oil Layoffs, Alberta Employment Insurance, Alberta Ei,Alberta Job Losses, Alberta Business, Calgary, Edmonton, Canada Alberta News   Canada-wide, the number of EI recipients increased 45,800 since last year. Read Whole Story    

By |2017-02-11T14:18:30-09:00February 5th, 2017|Alaska's Fiscal Crisis, Alaskanomics|0 Comments

2-3-17 AMA BREAKING NEWS -also- Dakota Access Trespassers Were No Angels

Cleanup begins at Dakota Access encampment  02/05/2017 (Trouble viewing this article? Click here).  Cleanup of a North Dakota encampment where opponents of the Dakota Access oil pipeline stayed for months to protest the $3.8 billion project is expected to take weeks, a leader of the tribe that organized the protest said Jan. 31. The Standing Rock Sioux hopes to complete the work before any spring.... FERC Commissioner Colette Honorable. Northern Gas Pipelines Photo by Dave Harbour FERC won’t have a quorum after Feb. 3  02/05/2017 (Trouble viewing this article? Click [...]

2-3-17 Overtaxing Is As Bad As Overfishing – Also Alaska/Alberta Fiscal Crises

Overtaxing Is As Bad As Overfishing Alaska Journal of Commerce by Andrew Jensen Dating back to before statehood, Alaskans know that overfishing is a bad thing. Stopping overfishing of salmon and regaining control of the resource was in fact one of the driving forces in the effort to become a state. What we know about sustainability of our vast fisheries resources is worth applying to yet another debate over another immense asset — our oil — and the means by which that resource is taxed. Get ready for more [...]

1-30-17 The most important, least appreciated Alaska legislation of 2017?

Proposed Amendment To Improve Alaska's Constitutional Spending Limit Last Friday, Alaska state senator Mike Dunleavy filed a proposed amendment to the state's spending limit.  Below is the news release explaining the amendment.  Here is a link to the actual language of the amendment.  -dh Amendment Proposed to Strengthen Constitutional Spending Limit Alaska State Senator Mike Dunleavy. Northern Gas Pipelines file photo by Dave Harbour JUNEAU, January 28, 2017 – An amendment to Alaska’s Constitution was introduced today that would – if approved by a majority of Alaska [...]

1-26-17 Persily Tells It Like It Is

Judge orders removal of blockade against northern Alberta pipeline construction.   CBC.ca.   Métis protest construction of northern Alberta TransCanada gas pipeline ... CBC News calls to the president of the Chard Métis Society were not ...       Larry Persily, former Alaska gas pipeline federal coordinator. NGP Photo by Dave Harbour. LNG Headlines From Former Alaska Gas Pipeline Federal Coordinator, Larry Persily      Note: we hold Persily in great regard for his diligence and intellectual honesty.  No matter who employs Persily, for the [...]

1-21-17 Consultant supports gas project infeasibility we have repeatedly addressed here

Nikos Tsafos. NGP File Photo by Dave Harbour AP by Becky Bohrer.  A legislative consultant has raised red flags about Alaska taking the lead on a major proposed liquefied natural gas project, even as Gov. Bill Walker has said he is comfortable with it. In a recent report to lawmakers, consultant Nikos Tsafos outlined challenges threatening the project's potential for success. They include a competitive market and a laundry list of tasks the state will need to achieve, such as finding buyers, insulating itself from cost overruns [...]

ConocoPhillips this morning announced a new Alaska North Slope discovery! … With Massive Subsidy The Fairbanks, Alaska LNG/Gas Distribution Project Struggles On

ConocoPhillips Alaska Inc. today announced a new oil discovery in the Greater Mooses Tooth (GMT) Unit located in the northeast portion of the National Petroleum Reserve – Alaska (NPRA). Here’s a link to the full release Quick reference from the release:  The Willow discovery wells, Tiŋmiaq 2 and 6, were drilled in early 2016 and encountered 72 feet and 42 feet of net pay, respectively, in the Brookian Nanushuk formation. ConocoPhillips has a 78 percent working interest in the discovery and Anadarko Petroleum Corporation holds a 22 percent interest.  [...]

1-11-17

From Ak-Headlamp. At a Greater Fairbanks Chamber of Commerce luncheon in the Carlson Center, senior vice president of Caelus Energy's Alaska operations Pat Foley, nudged Chamber members to contact their legislators and ask for a consistent oil-tax-credit program that encourages investment in the North Slope. "It's a dour time, but I'm optimistic," Foley told Chamber members, "and I think in the next five years, we're going to see that pipeline-training facility full." Foley said the North Slope must remain a vibrant business environment for Caelus to be successful, and legislators should work toward "a tax policy that is [...]

1-9-17 Honest Energy Folks Should Beware of Socialists

Dear Friends: Our long term readers know that this webpage was born over 15 years ago, when certain special interests sought to demonize some Alaskan and some Canadian energy interests.  One of our secondary goals has been to facilitate greater diplomacy and understanding among citizens of both countries -- in support of both separate and joint energy projects.  Hopefully, the sort of blog entry we have today will lead us ever closer to greater understanding among citizens of the two countries.  -dh   "...because that's where the [...]

1-1-17 Alaska’s Economic Outlook: 2017

Courtesy: Alaska Business Monthly Alaska Economic Outlook 2017 'Bright, if...' Greg Wolf, Executive Director, World Trade Center Anchorage (Serving all of Alaska) joins a couple dozen other Alaska leaders with assessments of the 2017 Economic Outlook for Alaska. Greg Wolf, Executive Director, World Trade Center Anchorage (Serving all of Alaska) joins a couple dozen other Alaska leaders with assessments of the 2017 Economic Outlook for Alaska. COMPOSITE PHOTO BY JUDY PATRICK PHOTOGRAPHY & DAVID GEIGER, ABM ART DIRECTOR ALASKA BUSINESS MONTHLY From the Editor Happy New Year! We [...]

12-30-16 Northern Energy Conversations End 2016 And Will Begin 2017

Year-end Gasline Commentary by Dave Harbour See yesterday's column Yesterday, we previewed an LNG/gas line commentary planned for next week, as the new year begins.   Today, we bring you a news release from the Alaska Government-Run LNG Project, complete with enough participant qualifications to seriously dilute the message that the project is "progressing" (Column right).     We would love for 2017 to bring Alaska and the United States economy news of a sustainable market for a feasible Alaska North Slope (ANS) natural gas project.  We must remember, [...]

By |2017-01-02T16:32:56-09:00December 30th, 2016|Alaska Taxes, Alaska's Fiscal Crisis, Commentary, LNG|0 Comments

12-29-16 Government Gas Project Bombarded by Questions

Congresswoman Maxine Waters As 2017 begins next week, we'll bring readers a review of Alaska's government gas project questions.  As Argentina and Venezuela and Brazil have demonstrated, government control of energy projects brings unearned riches to politicians in exchange for corruption, poorly run projects and miserable results for citizens.   In the present era, Alaska Governor Bill Walker -- like Congresswoman Maxine Waters -- is determined to learn the painful lessons of socialized energy industries all over again.  He is falsely claiming that out of the midst of [...]

12-23-16 Alaska LNG: Now Is Not The Time

All about Alaska's gas project ... and its fiscal crisis Korean agencies spent over $75K on Gov. Walker and officials on Asia trip New milestone in the gas line project: The state is taking over Board for Alaska gas line project to miss another deadline AGDC officially takes over AKLNG Oil industry prepares to fight to keep tax credits alive in 2017 State receives AK LNG work, land issue still unresolved Our editorial yesterday Regarding our "Naive" editorial yesterday Courtesy: http://tinyurl.com/hjs5l85     Our Commentary: [...]

12-20-16 Alberta & Alaska Continue Economic Struggles

Varcoe: Alberta's troubling contradiction for 2017: Jobless recovery.   Calgary Herald.  It will be years before pipelines are constructed, oil and natural gas prices are fickle, and producers aren't adding staff after the painful downsizing of ... _______________________ Obama prepares to block sale of new offshore drilling rights in much of U.S. Arctic, Atlantic.   Coming in the waning days of his administration, Obama's move responds to a clamor from environmental activists who have looked for a way to lock in protections before President-elect Donald Trump takes office.  Jennifer A. [...]

By |2016-12-22T22:26:40-09:00December 20th, 2016|Alaska's Fiscal Crisis, Canadian Energy Policy|0 Comments
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