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 [...]

6-7-16 Plenty of North American Energy News Today!

Alaska Headlamp Reports ... the House and the Senate reached a compromise on Governor Bill Walker’s embattled oil and gas tax credit bill, HB 247. Alaska News From Daniel McDonald: Senate Votes to Protect the Dividend In response to the Senate’s passage of SB 128 today, Senators Anna MacKinnon and Lesil McGuire released the following statements… DOC investigation shows inmate died from drug overdose A Department of Corrections investigation into last April’s inmate death at the Anchorage jail indicates a drug overdose. Conference committee passes House oil and [...]

By |2016-12-22T22:27:13-09:00June 7th, 2016|Alaska's Fiscal Crisis|0 Comments

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 [...]

6-2-16 Will free market compromisers become free market defenders … or not?

Sowell: Socialism for the uninformed Added by Thomas Sowell on June 2, 2016.  Saved under News & Commentary 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... To Elected Officials In Times Of Shortage, Increasing Taxes On The Few Is Easier Than Cutting Benefits Of The Many Commentary [...]

5-27-16 Trump On Energy: A Work In Progress We Can Support!

Headlines For Our Special Interest Readers: Alaska Oil Producers Respond To Low Oil Prices; Yedlin: PwC energy forum renews need for urgency on energy exports; EDITORIAL: Lack of leadership on display from Gov, Legislature; Braid: A Trump welcome for a Notley ally; Legacy wells need full clean-up: Government wells still polluting Alaska, funding running short; Walker's repackaged tax proposals land with thud in the Legislature Trump In N.D. Yesterday Addressed Fracking, Keystone XL and Alaska The man is a work in progress that the energy industries can support by Dave Harbour [...]

5-26-16 Oil Prices Have Been Inching Up: Should Alaska & Alberta Rejoice?

Read today's Ak-Headlamp for the latest on Alaska Gasline Development Corporation management waste; no fiscal crisis solution as legislative spending continues; and, a promising Alaska North Slope shale discovery  -dh Crude Oil Price Commentary by Dave Harbour Our Mid Atlantic energy analyst today points out to us that -- in just comparing crude oil prices to U.S. stock prices -- black gold could be headed a third or more higher.  (Scroll down for his analysis) Rejoice!  Maybe lawmakers won't have to cut government spending programs after all! "On the other hand", as my old, [...]

5-23-16 By Increments We Can Lose A Nation’s Liberty

Energy Is The Very Foundation Of North American Freedom Eco-socialist Strategists Know That The Means, Transportation and Distribution of Energy Production Can Come Under Their Control Via Government Expropriation And/Or Regulatory Power by Dave Harbour Today we ask our readers to recognize the dots that connect socialism and eco-activism to the undoing of free energy markets and freedom itself. We will demonstrate why this transformation is not merely the natural swing, back and forth, of a political pendulum. Our readers can surely agree that: Freedom can be eliminated by eliminating free enterprise. [...]

5-21-16 Alaska Gas Project: When Does One More Straw Break The Camel’s Back?

Tim Bradner, NGP Photo by Dave Harbour 5-13-11 Tim Bradner of the AJOC brings us another Alaska gas monetization reality: wetlands mitigation (Story below).  Higher but unknown additional mitigation/litigation costs cannot improve feasibility of AGDC's (https://www.agdc.us/) government investment in the Alaska LNG project (http://ak-lng.com/).  Nor can such open-ended future expenses make the state's socialist equity investment in Alaska LNG more beneficial to citizens. This is precisely the type of uncertainty that leads project proponents to add additional contingency requirements to Financing Plans: uncertainty requires hedging as greater assurance of "project completion" to satisfy [...]

5-19-16 Oil Price: A Tale Of Two Analysts

Please scroll down to read today's unusual Sunday commentary: "Afraid New World" Alaska Governor Bill Walker (NGP File Photo) BREAKING NEWS, THURSDAY AFTERNOON: ALASKA'S GOVERNOR CALLS LEGISLATURE INTO SPECIAL SESSION TO DEAL WITH LACK OF AN FY 2016-17 BUDGET TO NORMALLY TAKE EFFECT ON JULY 1.  HERE IS THE PROCLAMATION.  YOU READ IT HERE FIRST!  -DH Comment.  Our mid Atlantic energy analyst friend (who prefers to remain anonymous) comments on another analyst's viewpoint (Left column below).  Their evaluation of world economics, interest rates, supply and demand seem [...]

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