Alaska And Alberta Struggle To Save Oil Patch Economies – Scroll Down For Today’s Commentary, “U.S. & Canadian Environmental Laws/Regs Have Moved Beyond ‘Reasonable’ To Becoming Weapons Against Capitalism”

Calgary Herald/CP.  Canada’s environment minister won’t say if the country can meet its climate change commitments and at the same time green-light new pipeline projects.  Catherine McKenna told reporters.... Larry Persily, former Alaska gas pipeline federal coordinator. NGP Photo. See Larry Persily's just released energy links, mostly dealing with Alaska's LNG competitors.  Meanwhile, we urge readers to absorb the wisdom in the AK-HEADLAMP report below: Increasing oil & gas taxes in a low price or any environment is not a strategy that will attract investment [...]

Big Alaska OCS Hearing Schedule Kicks Off Tomorrow In Anchorage

KTUU Television.  Oil production in Alaska increased ... during the last 12 months, the first year-over-year production increase the state has seen since 2002. See Alberta Job Losses, Bottom, Column Right From the Anchorage Office of the Bureau of Ocean Energy Management (BOEM) we received this note over the weekend from Michael Haller: Good Afternoon Dave: I haven't seen you in a while, but wanted to pass personal thanks for getting our info up on the NGP website for all to see and be aware of. These are important meetings [...]

Alaska OCS Threatened. Here’s How To Weigh In!

Our CONSUMER ENERGY ALLIANCE friends warn us that, "Alaska is under attack!" CEA Alaska President Anne Seneca reports that, "After convincing the Obama Administration to remove the Atlantic from the 2017-2022 offshore oil and gas leasing program (Proposed Program), anti-energy extremists are now trying to remove Alaska as well."  (Note that these are the nationally elected and appointed democrats whose socialist presidential candidates Alaska democrats now support.  -dh)  Seneca says that the Bureau of Ocean Energy Management is holding public meetings next week in Anchorage (Tuesday, April 5 from 3:00 pm [...]

ISER Research Announcements 6:59 PM (20 hours ago) to iser_publicati. ​ISER Research Matters is our effort to quickly let Alaskans know about research findings from the Institute of Social and Economic Research (ISER), at the University of Alaska Anchorage. We post these periodically on our website and also distribute them by e-mail. If you’d like to be removed from or added to our e-mail list, visit http://matrix.uaa.alaska.edu/mailman/listinfo/iser_publications, or send us a message at ResearchMatters@uaa.alaska.edu. Research Matters No. 99: Short-Run Economic Impacts of Alaska Fiscal Options March 31, 2016 A report analyzing the potential short-run economic effects of eleven options for reducing Alaska’s huge budget deficit is now complete. The authors are ISER economists Gunnar Knapp, Matthew Berman, and Mouhcine Guettabi. They looked at potential effects of several kinds of state spending cuts, new taxes, saving less of Permanent Fund earnings, and reducing the Permanent Fund dividend. They emphasize that they don’t advocate or oppose any option, but rather intend to help Alaskans understand and compare the potential short-run effects on income and jobs of different ways of reducing the deficit. In the big picture, they found: • Different ways of collecting money from Alaskans affect those with higher and lower incomes in significantly different ways. • Anything the state does to reduce the deficit will cost the economy money and jobs. But spending some of the Permanent Fund earnings the state currently saves would not have any short-run economic effects. In the longer run, saving less would slow growth of the Permanent Fund and reduce earnings. • Because the deficit is so big, the overall economic effects of closing the deficit will also be big. To see their detailed findings, download the report, Short-Run Economic Impacts of Alaska Fiscal Options​ (PDF, 4.3MB). If you have questions, get in touch with the authors: Gunnar.Knapp@uaa.alaska.edu, Matthew.Berman@uaa.alaska.edu, and mguettabi@alaska.edu.

Since Alaska's Fiscal Crisis Involves Oil & Gas Industry Investment Security (i.e. will government seek a higher take from the private sector in order to preserve public sector spending), we provide the economic report, below, from Gunnar Knapp (NGP Photo) of the University of Alaska-Anchorage's Institute of Social and Economic Research.  -dh http://matrix.uaa.alaska.edu/mailman/listinfo/iser_publications, or send us a message at ResearchMatters@uaa.alaska.edu. Research Matters No. 99: Short-Run Economic Impacts of Alaska Fiscal Options March 31, 2016 A report analyzing the potential short-run economic effects of eleven options for reducing Alaska’s huge [...]

Energy East Pipeline Injunction – Our Readers Comment

TransCanada (TRP +0.9%) will now have to face just one injunction request related to its Energy East pipeline. After a Quebec court rules an injunction sought by an environmental group can be folded into a similar court action that has been launched by the Quebec government. Quebec wants TRP to provide a more detailed account of its Energy East proposal, which would result in a more complete environmental review process than the one currently taking place. While the judge noted the environmental law group’s application for an injunction came before the [...]

Alaska’s Fiscal Crisis Is All About Irresponsible Spending and Responsible Natural Resource Development

Alaska's Fiscal Crisis: Irresponsible Spending vs. Responsible Resource Development  *     *     * i.e. Socialism vs. Free Enterprise *     *     * Socialism seeks to control the means, transportation and distribution of production.  Two socialists are competing for the Democrat presidential primary.  One of those socialists has been endorsed by Alaska democrats.  Alaska's democrats are in a partnership with Alaska's "independent" governor.  The Governor wants equity control over a gas pipeline project and exercises bureaucratic control over [...]

Help Hilcorp Today!

Hilcorp Alaska, LLC is currently pursuing the necessary permits and authorizations to develop the Liberty reservoir several miles offshore the central North Slope.  The first major step in this process is the approval of the Development and Production Plan (DPP), which Hilcorp recently filed with the Bureau of Ocean Energy Management (BOEM). BOEM has extended the public comment period on the preparation of a draft environmental impact statement (DEIS) to Monday, March 28, 2016.    Click here to provide comments. Then click on the "Comment Now" button. [...]

3-11-16 Nancy Reagan Funeral – TransCanada Pursues Columbia – Alaska State Fiscal Crisis

TransCanada: frustrated by Energy East and Keystone XL Progress, Takes On Columbia Today, Mrs. Nancy Reagan joins her husband, President Ronald Reagan, at the Presidential Library -- that "Shining City On The Hill" Overlooking Simi Valley -- after arriving to rest in repose yesterday. Watch the latest video at video.foxnews.com Fox News: SIMI VALLEY, Calif. –  Nancy Reagan called her husband's presidential library "the shining city on the hill," using a phrase that President Reagan had borrowed from history to describe his aspirations for the nation. Alaska Journal of Commerce, by James [...]

3-10-16 Alaska’s Fiscal Crisis – Nancy Reagan

Nancy Reagan BREAKING NEWS....ADN by Rashah McChesney.  Alaska Governor Bill Walker (NGP Photo) had a press conference today.  It seems to have been much ado about?  Please enlighten us on what this report means aside from some consolidation and a little elimination of duplication, maybe.  Pardon us if we are confusing "political optics that something is being done to courageously face 'Alaska's Fiscal Crisis'," with something important that is, indeed, being accomplished -- like eliminating one or more of these agencies.  Of course, any action will have to be delayed until a [...]

3-9-16 Alaska’s Fiscal Crisis

Alaska's Fiscal Crisis by Dave Harbour Yesterday, I met with a number of Alaskan friends who are private sector leaders. *     *     * All readers of our news and commentary know that since the turn of the century we have been warning of the perfect fiscal storm preparing to ravage the 49th State. We have described the reasons for Alaska's pending fiscal crisis which have been as clear as "neon painted handwriting on the wall": Today's related Alaska Fiscal Crisis news: ADN, by Alex DeMarban.  (NGP Photo) [...]

3-4-16 A Personal Aubrey McClendon Perspective by Richard Lee Ranger

On Alaska radio 4:30 - 5 today -dh "If the world around us seems increasingly chaotic, you may not be overreacting.  You may simply be sensing signals to become more serious about soul searching, personal planning and decision making."   -dh CBC.  ... debate over the Energy East pipeline becomes more about national unity. More. Yesterday, in a case that means as much to Oil & Gas as it does to other natural resource industries, John Sturgeon (NGP Photo) addressed the RDC breakfast meeting about his case before the U.S. Supreme Court.  See Sturgeon's [...]

3-3-16 Fracking Pioneer Dies In Oklahoma City Car Crash

We are sad to note a report from a reliable source that an important oil industry player is leaving Alaska.  Following a disappointing 4th quarter 2015 net loss of $7.2 billion -- but not necessarily related to it -- Apache Corporation will be leaving Alaska.  Details to follow.  -dh  From Embassy News - Canada - comes this Mackenzie Valley Pipeline update by Marie-Danielle Smith. Former Governor Frank Murkowski (NGP Photo) Suggests "Another Approach" To Providing Alaska North Slope Gas Producers With Fiscal Certainty.  Note: we have always reminded readers that fiscal certainty provided for gas [...]

3-2-16 Don’t Blame “Global Warming/Climate Change” On Alaska Or TransCanada Pipelines!!!

CLIMATE CHANGE IS NOT ALASKA'S FAULT Premature Alaska Pipeline/LNG Funding DON'T BLAME PIPELINES FOR CLIMATE CHANGE!!! To Russ Girling, the chief executive of TransCanada, the relationship between pipelines and climate change is clear....  (CBC by Tracy Johnson.) TODAY'S Call To Action: OCS! Today's Consumer Energy Alliance Relevant Energy Links! Juneau Empire Op-Ed, By STEVE BOWHAY Alaskans face some serious challenges that are being overlooked, as we witness the demise of the oil industry. Some of the people who are part of the consensus on climate change want to completely ban the use of fossil fuels because of climate change. If [...]

3-1-16

For our Alaska readers: Here is an important invitation for Thursday: Please join us for the RDC breakfast meeting this Thursday, March 3rd: One Man's Journey to the Supreme Court: Sturgeon v. National Park Service Featuring: John Sturgeon (NGP Photo; see our background piece here) Dena'ina Center, Anchorage        RSVP by calling 907-276-0700 ext. 6  From Our Mid Atlantic Energy Consultant Friend: 1.     Marathon Oil followed the trail of other major oil producers in issuing stock to “strengthen its balance sheet” (and yield to the whip of the credit rating agencies). Make no mistake, Marathon can [...]

By |2016-12-22T22:27:32-09:00March 1st, 2016|Alaska's Fiscal Crisis|0 Comments

2-26-16

This week, attorneys with Pacific Legal Foundation (PLF) filed the Respondents’ Brief on the merits in United States Army Corps of Engineers v. Hawkes Co., Inc., a precedent-setting case that asks whether landowners may appeal to the judiciary if their property is labeled as “wetlands” subject to the federal Clean Water Act.  More here.... ADN Op-Ed, by Mayor Vern Halter.   U.S. Sen. Lisa Murkowski: (NGP Photo) MAKING A CASE FOR REASONABLE REGULATION.   Murkowski and 18 of her colleagues signed a letter to President Obama raising concerns about the impacts of a Presidential Memorandum he [...]

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