10-19-15 CLIMATE CHANGE EDITORIAL: KILLING CAPITALISM?

Killing Capitalism?   Have several oil and gas CEOs now joined the enviro-governmental-industrial cabal? Commentary prepared on Friday, October 16, 2015 by Dave Harbour Today, we have what is to us a disturbing announcement by some of the globe's largest oil and gas companies.   They have formed a new consortium.  Not to build a pipeline.  Not to develop an oil and gas reservoir.  Not to permit a new LNG facility.  No, these companies have formed a new consortium to support a conflicting interest, the "Oil and Gas Climate Initiative (OGCI)".   We can imagine [...]

By |2016-12-22T22:27:59-09:00October 19th, 2015|Alaska Taxes, Arctic Policy, Commentary, Personal|0 Comments

10-16-15 ENERGY DAY TOMORROW IN HOUSTON!

  To our Houston readers  AND those with families and friends in Houston: Mobilize the family and go downtown to ENERGY DAY, TOMORROW! Friday Afternoon Breaking News Bishop: Interior Arctic Lease Cancellation Plays into Russia’s Hands   WASHINGTON, D.C. – House Committee on Natural Resources Chairman Rob Bishop (R-UT) issued the following statement on the announcement made today by the U.S. Department of the Interior that it will cancel the two potential Arctic offshore lease sales scheduled under the current five-year offshore oil and gas leasing program for 2012-2017: “I am disappointed [...]

10-15-15

Enviro-Activists Have Created A War Against Civilization--Throughout North America!  -dh We comment on today's blog by our Aussie O&G Analyst friend: Remember Governor Walker's recent trip to Japan (Very productive and groundbreaking...NOT; the Japanese will happily consider buying Alaska's gas 1) at the right price, and 2) if Alaska gas can be transported to Japan.  But should Alaska market its royalty gas or let the experienced producers do it?  Will Japan need gas when Alaska's project is complete?  How can Alaska's gas project be sanctioned if the Governor refuses to support [...]

10-12-15 International LNG Market Turmoil Makes Government Support Critical

The Alaskan & Canadian LNG Sagas Continue Amid International Market Turmoil   Commentary by Dave Harbour   From our mid-Atlantic oil and gas analyst friend comes his comment on two articles addressing the global LNG market.     Commentary: As chance would have it, our Aussie oil and gas analyst friend also commented on the Bloomberg article noted column-right, and below is his comment on LNG competition.   These two observations from two different parts of the world, from two objective observers, should sober up some of our Alaskan and Canadian public [...]

By |2016-12-22T22:27:59-09:00October 12th, 2015|Commentary, LNG|0 Comments

10-11-15 Alaska Governor Continues Career-long “Brawl” With Alaska Oil Industry

Alaska Governor Continues Career-long "Brawl" With Alaska Oil Industry ADN, Op-Ed by Paul Jenkins, Anchorage Daily Planet.  If reasoned leadership in this state sold for $1 billion a gram, we would have to scratch like chickens in a dusty barnyard to come up with a penny’s worth. If we could peddle ineptitude for a dime a ton, we would be rich. Let’s review: Our Swiss cheese fiscal ship is belly-up and sinking like a stone. Alaska suffered a $3.5 billion deficit last year; it faces $3 billion in red ink [...]

By |2016-12-22T22:27:59-09:00October 11th, 2015|Alaska Taxes, Commentary, LNG|0 Comments

10-10-15 Taking A Hike Without A Map

Petroleum News by Steve Quinn.  House Speaker Mike Chenault (NGP Photo) says he’s ready to come back to Juneau for a special session addressing two developments on the state’s pursuit of a natural gas pipeline and an LNG export facility. But the Nikiski Republican adds that he remains in the dark on Gov. Bill Walker’s plans....  (Comments: Citizens should be embarrassed for and ashamed of a governor that calls a special session of the legislature and does not accompany that call with proposed legislation.  Even if the governor provided draft bills [...]

By |2016-12-22T22:27:59-09:00October 10th, 2015|Alaska Taxes, Commentary, LNG|0 Comments

10-8-15 Is Alaska LNG Project Risk Understated? Should Government Take The Risk?

Between an overreaching governor who seems intent on commanding if not socializing Alaska's energy industry, and a President who seems intent on crippling if not shutting down Alaska's energy industry freedom is threatened on America's Last Frontier.  Today we explore why this is so.  -dh To our hundreds of Canadian readers: We apologize for the lack of news directly affecting you today; but we must focus on an Alaska Governor who exhibits a certain hubris impacting both the energy industry and Alaska's future.  You may find object lessons which also apply on [...]

10-8-15 Native Corporation Aggressively Explores Interior Alaska

Quote of the day from our Aussie O&G analyst friend: ...from an anonymous letter circulating in Saudi Arabia, said to be written by an unhappy faction of princes: “We will not be able to stop the draining of money, the political adolescence, and the military risks unless we change the methods of decision making, even if that implied changing the king himself.”  (Our Note: between this, Amerca's poor leadership and Russia's Mid-East adventure, oil and gas prices may not be in a week what we believe they will be today.  -dh) Today: [...]

10-6-15 Alaska Project Targeted By Rogue EPA

Here is a piece we have posted in the last 24 hours on our NGP Facebook and Twitter pages re: Alaska's economic future. Today's Wall Street Journal Editorial: "A new report takes apart the EPA’s veto of a mining project" (Thanks for the tip, Dan Kish.)     In an accompanying piece the WSJ notes: Our columnist Bret Stephens writes that at the President’s Friday press conference, Mr. Obama described alternatives to his Syria policy as “mumbo-jumbo,” “half-baked ideas,” and “as-if” solutions. “So it is with this president. It’s not enough for him to stake and defend his [...]

10-3-15 News Miner Timeline of Gas Projects

Should Alaska Own More Of Its Oil Industry? A timeline of Alaska gas efforts Archive Update Faithful readers know we are dedicated to building and maintaining the most thorough archive existing anywhere, documenting the history of Alaska and Northern Canadian natural gas monetization efforts. Herb Butler's contribution today helps bring us to the current era. However, we provide here for your reference, links to the long and more detailed history of Alaska and Canadian northern gas pipeline and LNG projects.   -dh We are indebted to Herb Butler and the Fairbanks [...]

9-30-15 Natural Gas Reserves Tax: Governor Walker’s Brilliant Strategy For Encouraging Industry Investment in Alaska

Natural Gas Reserves Tax: Governor Bill Walker's 'Brilliant Strategy' For Encouraging Industry Investment in Alaska by Dave Harbour Governor Bill Walker (NGP Photo) has spent a career and millions of OPM (i.e. other people's money) dollars on Quixotic wanderings around the world in failed attempts to make his infeasible visions of an Alaska LNG project economically viable. Today, our Aussie oil & gas analyst friend's comments apply to this commentary as he addresses Shell's Alaska OCS exit and LNG competition. See today's comment by our Mid-Atlantic analyst friend on Shell's departure and an earlier, expensive, [...]

By |2016-12-22T22:28:00-09:00September 30th, 2015|Alaska Taxes, Arctic Policy, Commentary, OCS|0 Comments

9-29-15 More Fallout Follows Shell’s Withdrawal From Alaska’s OCS Potential

See more of yesterday's reports and reactions from U.S. Senator Lisa Murkowski (NGP Photo), various news sources yesterday, more sources today, and our commentary. Here is Tuesday's Early Report... ...in wake of Shell's announcement yesterday that after $7 billion invested and over a half decade of delay and disruption mostly caused by America's government, it is withdrawing from Arctic OCS exploration.  See statements (below) by Governor Walker, Alaska Oil and Gas Association, Consumer Energy Alliance, Congressman Don Young (NGP Photo) and American Energy Alliance.  (Search our archives for many other Shell Oil [...]

9-25-15 Alaska’s Governor Issues Bombshell Gasline Report

Gasline from Alaska Governor Bill Walker on Vimeo. YOU READ ALASKA GOVERNOR BILL WALKER'S ANNOUNCEMENTS HERE FIRST, YESTERDAY     BELOW IS TODAY'S UPDATE  (Scheduled for completion this weekend) Reader comments: Dave, Dave: "... appreciate your efforts greatly, as do a lot of folks." -From an energy industry journalist. Hi Dave:   Did you ever read the Bizarro World comics??     We are living such in real time I'm afraid.   Cheers!!   Ron Arvin  I always enjoy your newsletter, but your recent re: the NG issues one is special. [...]

By |2016-12-22T22:28:01-09:00September 25th, 2015|AGDC, Alaska Taxes, Commentary, LNG, You Read It Here First|1 Comment

9-22-15 BP’s US and Alaska Economic Reports

See BP's 2015 $135 billion US Economic Impact and Its Alaska Economic Report (Supporting over 24k jobs) Our Commentary Calgary Herald.       Cagary Herald End of year deadline for review of Alberta Energy Regulator, says minister ADN by Pat Forgy.   The North Slope Borough has become fabulously wealthy from taxes on the oil industry and its massive Prudhoe Bay infrastructure.   More.... Reader Commentary by Our Mid-Atlantic Energy Senior Consultant Friend (Reference this Fuel Fix Story by Collin Eaton) Our Commentary While Alaska producers are poised to finance and build a gas pipeline/LNG export [...]

9-20-15

Comment:  Peninsula Clarion by Rashah McChesney.   It was a friendly gathering, but Alaska LNG project representatives found themselves in the hot seat on Thursday during the first of two informal community meetings planned in Nikiski. For two hours, community stakeholder adviser Josselyn O’Connor and socioeconomic adviser Mark Jennings fielded questions ranging from  Yesterday's Forum On Alaska's Fiscal and Economic Future verified that Alaska has no consensus for avoiding the fiscal cliff. Alaska's future is the product of its own decisions, and that future looks dire. Only exceptional leadership can [...]

By |2016-12-22T22:28:01-09:00September 20th, 2015|Alaska Taxes, Commentary, LNG|0 Comments
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