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 [...]

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.  [...]

11-21-16 Alaska Conference Presentations Bring You State-of-Art Energy Status

Here -- for your current and future reference -- are last week's Resource Development Council for Alaska video and slide presentation archives: Wednesday, November 16th 7:00 a.m.   Registration/Check-in/Exhibits Open Eye-Opener Breakfast in Exhibit Area – Sponsored by Wells Fargo 8:00           Opening Remarks Eric Fjelstad, RDC President, Managing Partner, Perkins Coie LLP Alaska Economic Trends: 2017 Outlook Neal Fried, Economist, Alaska Department of Labor video slides Alaska Industry 2016 Year in Review and 2017 Outlook video Mining: Karen Matthias, Executive Director, Council of Alaska Producers Fisheries: Glenn Reed, President, Pacific [...]

9-29-16 Feds “Steal” 100 Million Acres of Alaska? BC LNG Fights For Survival!

Trudeau government re: Pacific Northwest LNG.  CBC.ca.   If, for instance, you attach some value to the natural habitats of wild salmon or the threat posed by greenhouse gas emissions.... What's next for Pacific NorthWest LNG project? 4 questions answered.  CBC.ca.  Green light for B.C. LNG project won't pave way for other pipelines .... Did you know that today, with the help of former Alaska Lieutenant Governor Fran Ulmer (NGP file photo), the White House may be determining the fate of Alaska's Arctic? Former Alaska Governor Sean Parnell. Northern Gas Pipelines [...]

9-19-16 “Do Alaska’s Citizens SERIOUSLY Want A Government Owned, Politically Controlled Gas Pipeline/LNG Project? Really?”

Honoring another dearly departed friend, Father Norman Elliott From Ak-Headlamp this morning: AGDC president Keith Meyer challenged the idea that Alaska LNG isn't the best path forward for the state in an Alaska Dispatch News op-ed. According to Meyer, "Everyone wants to monetize their gas, but we want to open the project to broader market participation. AGDC welcomes producer investment but also recognizes that investing in the project assets as an equity owner may not generate the return they need. Setting up a transparent tolling structure allows [...]

9-11-15 Lest We Forget

Lest We Forget: 9-11 REMEMBRANCE OF GAS PIPELINES POLITICAL PIPEDREAMS: LEST WE FORGET! by Dave Harbour Maybe history teaches that political pipedreams don't work so well. Would it not be wise to learn from our past? Would it not be logical to offer support and not hostile dictates to private sector investors -- for a change -- so that they might realistically conform energy exploration, production, development, transportation, marketing and distribution hopes to the realism of private sector expertise, science-based planning, decision-making agility, competition-inspired efficiency, volatile market [...]

9-2-16 Either Way, Alaska’s Investment Climate Is Damaged

Commentary Is Alaska's bureaucracy about to take control of both the great Prudhoe Bay oil & gas field and one the world's largest, most remote, highest cost pipeline/LNG projects without proven economic feasibility?  Alaska Governor Bill Walker. NGP file photo by Dave Harbour Since taking office nearly two years ago, Alaska's governor, has been marching toward accumulation of 100% equity and management control over what may well be the largest construction project in the history of North America, the Ak-LNG project; it is currently, not proven to be economically feasible.  Today, we'll review [...]

8-18-16 Will Alaska (and Alberta) Go the Way of Venezuela and Argentina: Never Say Never!

(See our mid-Atlantic energy analyst friend's Venezuela commentary next story below) With Competent Leadership Alaska's Future Could Still Be Prosperous by Dave Harbour Alaska brings in less than half the price for oil needed to have a current balanced budget.  Up to 90% dependent on oil revenue, the state has worked itself into a $3-4 billion annual budget deficit. State leaders seeking the 'easy way out' are funding the deficit by taking money from the next generation.  How?  They are depleting savings accounts and passing on tax credit obligations to [...]

8-17-16 Who Wants To Invest In Cook Inlet?

Those interested in gas supply for Alaska's largest population center will want to note our commentary on this subject, 2012.   We would also observe that the Administration's desire to supply gas to Fairbanks from what may well be a dwindling Cook Inlet supply, could endanger gas ratepayers in both Fairbanks and Southcentral Alaska.  -dh Alex DeMarban NGP File Photo, by Dave Harbour Alaska Dispatch by Alex DeMarban.   For the past decade, a lack of industry interest has prompted the federal government to cancel several proposed lease sales in Cook [...]

7-12-16 Fiscal Crisis & Gas Pipeline 2001, “Lest We Forget”

We have a special treat for Alaskans and their Legislature today -- and, our Canadian readers.  Scroll down for two commentaries, Christmas 2001, re: gas pipeline and fiscal crisis issues.  "Lest We Forget"  -dh Is our quotation from 2001 -- in response to Senator Dave Donley -- still applicable today?  Comment:  "Such is the nature of political struggle as governments become highly dependent on resource revenue or government grants, when resource prices fall and/or when rates of production and/or national revenues diminish.  In such situations, political leaders should beware of becoming too [...]

7-1-16 Much Alaska gas pipeline/LNG food for thought over the Independence Day weekend!

Yesterday we commented on the overall chaos enveloping Alaska  as it seeks fiscal stability. Fiscal stability is a critical risk for big investments -- like a multi-billion dollar energy project.  If fiscal stability does not exist, savvy energy investors must cease or postpone projects until risks become less threatening. Alaska Governor Bill Walker In such a caldron of multi dimensional issues, we see great political/emotional support for construction of an Alaska gas export project. However, the realities of world energy prices, high and unpredictable Alaska tax policy, a run-away spending history, and democrat leaders [...]

6-28-16 ALASKA’S GOVERNOR: Clouds Of Suspicion Descend On Him As His True Motives Begin To Emerge

Is this the question everyone would like to ask? Alaska Governor Bill Walker. NGP Stock Photo by Dave Harbour. If Alaska's Governor Bill Walker were not conniving to convert Alaska into a sick, modern version of Hugo Chavez' socialist  utopia, why would he be overspending, demonizing the state's biggest investors and seeming to move toward a takeover of various oil & gas leases and transportation and distribution systems?   -dh     Anchorage Daily Planet Editorial: Disaster in the making? Added by Editor on June 27, [...]

6-21-16 The Socialist Cabal Attacks Nuclear, et. al.

Wildrose blasts NDP over climate plan advertising, Calgary Herald ... per-capita greenhouse gas emissions in the fight against climate warming and to help the province win outside support for stalled pipeline projects ... NGP Readers: be aware that as the enviro-industrial-governmental cabal continues (i.e. via protests, confrontation, litigation, statute and regulation) to vilify and outlaw OCS activity, oil, pipelines, coal and nuclear energy projects, more reliance will fall on natural gas power generation.  Now, the cabal is targeting nuclear but also natural gas.  So when the inevitable market and political winds [...]

6-19-16 Alaska’s Governor Calls 5th Special Session

Bill Walker, Governor of Alaska. NGP file photo by Dave Harbour. Commentary: This afternoon, Alaska Governor Bill Walker called for a 5th Special Legislative Session to deal with the State's fiscal crisis: Here is the proclamation.     ///     See his video press conference here. We believe Walker may also be creating for himself a political crisis, for several reasons: The proclamation puts back on the table all of the most controversial issues rejected during earlier sessions: Use of the state's permanent fund earnings for government operations and a broad [...]

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