4-15-20 Alaska Joins Other States/Canadian Provinces In Shouldering Double Whammy: CCPVirus + Oil Price Collapse

Please find this MOST INFORMATIVE oil and gas presentation on current status of the industry by Canary, LLC CEO Dan K. Eberhart (@dankeberhart), delivered to members of the Alaska Support Industry Alliance on April 9. Double bonus: Here's Dan's current take on the Texas RRC consideration of ordering production cuts vs. free market forces...followed by this Yahoo report on the result of the hearing (i.e. a difficult decision for the 3 commissioners). -dh Must Read Alaska: Fradulent Oil Tax Initiative Signatures?! Has it ever been tougher for the state's [...]

3-24-20 Coronavirus and Saudi-Russia tiff effects continue to affect North American energy price/supply/demand

Canada Oil production cuts in Western Canada are imminent ,  Western Canada’s oil production will need to be cut by about 11% from April, or 440,000 b/d, due to the global oversupply created by the Covid-19 virus and ongoing oil price, said Rystad Energy. Suncor Energy cuts 2020 capital by $1.5 billion  Suncor has cut its 2020 capital program by $1.5 billion (Can.), or 26% compared to the original guidance midpoint, to $3.9-4.5 billion (Can.), in response to the decline in the crude oil price and uncertainty of the economic [...]

2-27-20 What Do Extremist Activists Want: More.

"Pity Canada's Bottomless Pit Of Extremist Wants" (Our Simple Commentary-dh) Arrests, travel disruptions as Wet'suwet'en solidarity protests spread across Canada.  CBC.ca.  ... continued to protest in solidarity with Wet'suwet'en hereditary chiefs who oppose a $6-billion natural gas pipeline project in northern B.C.. Protesters end Hamilton rail blockade; highway 6 blockade at Caledonia continues.  CBC.ca.  The protest is in support of Wet'suwet'en hereditary chiefs who oppose the Coastal GasLink natural gas pipeline project in B.C. (Evan Mitsui/CBC) Ignoring concerns of energy-producing provinces could break democratic politics, Michael Ignatieff ... Calgary Herald.  ... including railroad blockades, protesting a B.C. [...]

2-22-2020 Alaska Gasline Development Corporation’s Joe Dubler Retires

Here's A CEO Job Opening For The Alaska Government's Gas Pipeline Scheme Alaska Journal of Commeerce Exerpt.  The temporary head of the state’s gasline agency announced his resignation Thursday morning. Interim Alaska Gasline Development Corp. President Joe Dubler (NGP Photo) made his retirement plans public at the corporation’s board meeting in Anchorage. He will remain at AGDC through May 2, he said. Dubler stepped into the lead role at the state-owned corporation in January 2019 after Gov. Mike Dunleavy made sweeping changes to the AGDC board of directors, which [...]

2-20-2020 “Alberta’s Lost Tax Advantage….” Beware Alaska, Texas and other oil producing areas….

Dear Dave, Today, the Fraser Institute released a new study, Alberta’s Lost Advantage on Personal Income Tax Rates. This study finds that the province’s top combined personal income tax rate is now more than 10 percentage points higher than the top rate in several other energy-producing jurisdictions. (More here....) Best, Niels Niels Veldhuis | President The Fraser Institute Why Does Our Headline Address Oil Taxes When The Fraser Study Regards Personal Income Tax (PIT)? ...because Alaska and Alberta alike have learned over the years that higher personal, sales, property [...]

By |2020-02-20T04:17:01-09:00February 20th, 2020|ACES, Alaska Taxes, Canadian Energy Policy|0 Comments

11-22-19 CeraWeek In Houston. Why Go?

Q.  Why should our readers attend CeraWeek in Houston? Dan Yergin, NGP file photo, by Dave Harbour (NARUC). A.  Because our old friend from Arctic Gas days in the '70s, Daniel Yergin, invites us to the most important energy conference of the year! (Note: Daniel Yergin, Vice Chairman IHS Markit, CERAWeek Chairman and James Rosenfield, Senior Vice President, IHS Markit, CERAWeek Founder & Co-Chairman, co-host CERAWeek.) Waves of Change: Charting the Energy Future Energy Secretary Rick Perry. NGP file Photo by Dave Harbour Strategic confrontation and fractious geopolitics, disruptive [...]

11-20-19 Quo Vadis, Canada?

Oh, Canada!  Where art thy liberals taking thee? BC introduces gas price transparency law forcing companies to reveal data Calgary Herald  No one from the Canadian Fuels Association, the voice of transportation fuels industry in Canada, was immediately available to comment on the ... Environment groups say climate change should dominate cabinet mandate  Calgary Herald  The shuffle is to be the first sign of the tone Trudeau will set as the head of a ... pipeline expansion and grow Canada's liquefied natural gas sector. One year on, most oil-and-gas bailout money has moved, federal government says  CBC.ca  Canada's $1.6-billion bailout for Alberta's battered oil industry [...]

11-16-19, NORTHERN ENERGY HISTORY: Exxon’s Important North Slope Position Includes Prudhoe Bay AND Point Tompson!

Producers 2019: Exxon pursuing two fronts Operator’s ultimate goal at North Slope Point Thomson unit is marketing 8 Tcf of natural gas Kay Cashman Petroleum News Caribou on oil industry gravel pad. Five feet above the mosquito infested tundra decreases mosquito caused mortality among spring-born calves. -dh One of the earliest explorers in Alaska and one of the primary working interest owners on the North Slope, ExxonMobil did not embark on the $4 billion Point Thomson development just to produce 10,000 barrels of condensate a day. Production [...]

11-10-19 Alberta’s Patience Is Tested Over Oil & Gas, Etc. Federal Policies

Red Deer, Alta. — Alberta Premier Jason Kenney outlined on Saturday the mandate for a new panel that will study what the province should demand as a “fair deal for Alberta” in Confederation, including looking at ways that will take back provincial powers that have been ceded to Ottawa.   ...   “We’ve had it with Ottawa’s indifference to this adversity. Albertans have been working for Ottawa for too long, it’s time for Ottawa to start working for us,” Kenney declared in his speech to the Alberta Manning Networking Conference.  ...  [...]

10-1-19 Canadian Energy Turmoil

Just how split are Canadians on resource development and climate action? Calgary Herald,   A quick glance at the federal election campaign shows a deep chasm between the sides, with more name calling than a schoolyard squabble over issues such as national climate targets and developing oil and natural gas resources. It’s not a national conversation; it’s a Canadian quarrel. From Halifax to Vancouver, the bickering has entrenched groups on each side talking past each other. From a business perspective, organizations from across the country representing large urban centres are [...]

By |2019-10-01T14:48:41-09:00October 1st, 2019|Canadian Energy Policy|0 Comments

7-17-19 Taking A Break!

Personal: We'll be experiencing our second 'shoulder replacement' operation this week followed by a few weeks of recuperation.  Thanks for hanging in there with us for nearly two decades! -dh IOGCC Annual Conference Deadlines are Approaching IOGCC Early Bird Registration Discount Expires Soon The early bird registration discount will expire on July 26, 2019 so register today to take advantage of these savings! After July 22, 2019 we can no longer guarantee hotel room availability or the IOGCC Annual Conference group rate. We advise our attendees to book their room before July 22 to ensure you [...]

By |2019-07-17T19:03:53-09:00July 17th, 2019|AGDC, Canadian Energy Policy, Personal|0 Comments

5-2-19 Will Canadians Wake Up And Support Their Pipeline Lifelines?

Breakenridge: High gasoline prices in BC could drive a pipeline solution. Calgary Herald. With gasoline prices in B.C.'s Lower Mainland setting record highs, Kenney took to Twitter to declare that “the solution to B.C. soaring gas prices is ... Junior producer cites gas prices, tax bills, court decision as it shuts down.  Calgary Herald.  ... on low natural gas prices and high lease and property tax bills, along with capacity constraints on TransCanada Corp.'s NGTL gas pipeline system. Public hearing on Bill C-48's oil tanker ban set to begin Edmonton.  CBC.ca. Public hearing on Bill C-48's oil tanker ban set to begin Edmonton [...]

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.  [...]

2-13-19 Monday’s ANWR Hearing and Rally

We were proud of our fellow Alaskans who participated in a "Support ANWR" rally during the course of BLM's ANWR hearing! NOTE: YOU may still provide comment until March 13. For the Archives: BLM's 2-11-19 ANWR Hearing, Anchorage, Alaska BLM's Documents, Including the Environmental Impact Statement (EIS) to implement an oil and gas leasing program within the Arctic National Wildlife Refuge Coastal Plain.  Resource Development Council for Alaska's Agenda Alaska Support Industry Alliance's After Meeting Commentary Alaska Public Media's Take Our Monday 2-11-19 Commentary and Our Email Alert [...]

By |2019-02-13T07:19:51-09:00February 13th, 2019|ANWR, Arctic Policy, Canadian Energy Policy, Commentary|0 Comments

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 [...]