10-12-17 Your Northern Energy Update

Warning: Alaska treads troubled economic waters in the middle of a fiscal storm.  Politicians are making the financial crisis worse by creating state subsidies and ratepayer risks.  The story below again reminds us of the Administration's payoff to Interior Alaska supporters via a subsidized Fairbanks gas utility (i.e. when South Central's Enstar customers paid for their own).   Not to mention the otherwise uneconomic Fire Island wind generation project and an infeasible Alaska LNG\pipeline scheme.   Note how two local politicians in the story below are discussing a strategy for squeezing [...]

10-6-17 Friday’s Much Ado About Energy … And Politics!

The Energy World Under President Trump For the energy scholars among us, this Reuters article has it all: from oil & gas to coal, Paris climate change accord, and alternative energy.  While we respect the research and statistics, we could call into question some of the journalism that leans leftward.  With that caveat, it is a piece worth maintaining in our archives and a ready reference for those of you who will be giving speeches in the near future.  We say, "near future" because the energy landscape is constantly [...]

10-5-17

Thought of the day: "Alaska's government-sponsored LNG project need not contend (directly) with Panama Canal issues.  But Alaska faces similar project risks.  Do Alaskan citizens want their government's 'go it alone LNG project' to be subject to enormous project risks?  Do Alaskans want, as their government LNG project proposes, to commit 25% cash/royalty gas equity to a risky, $40-60 billion venture?  Is the risk worth the reward?  Do citizens even know how much the reward will be?"  -dh Gulf of Mexico LNG Shippers Have a $45000-a-Day Problem, Oil & Gas [...]

9-11-17 Lest We Forget

Walker says state won't put more money into Alaska LNG.   Mat-Su Valley Frontiersman.  ANCHORAGE — Alaska won't put more money into promoting the big AlaskaLNG Project until firm commitments are made by customer.... Alaska North Slope Iñupiats Support Reasonable Development of the Arctic National Wildlife Refuge (ANWR) Point Hope, AK – Voice of the Arctic Iñupiat (VOICE) announced its support for opening the Arctic National Wildlife Refuge (ANWR) to drilling. The board of directors passed the resolution officially backing safe and responsible development in the refuge, specifically the 1002 coastal plain area, that represents eight [...]

By | 2017-09-11T17:47:47+00:00 September 11th, 2017|AGDC, Alaska's Fiscal Crisis, ANWR, Interstate Gas, Intrastate Gas, LNG|0 Comments

9-8-17 Alaska’s Government Owned LNG Project: Now Is Not The Time (Nor will it ever be for a bureaucrat-directed, politically risky socialist pipeline)

Mike Navarre. Northern Gas Pipelines Photo by Dave Harbour COMMENTARY: RESPECTING THE KENAI PENINSULA BOROUGH Larry Persily, former federal coordinator of the Alaska gas line projects office, currently serves as Chief of Staff to Kenai Peninsula Borough Mayor Mike Navarre. We have always respected both of these individuals. No one has more to gain than they do from a successful Alaska LNG project that is currently designed to terminate in their Borough.  The employment, tax and general economic benefits of such a project would be enormous. But [...]

8-21-17 Alaska LNG Project Subsists On Subsidies

Alaska's Government Gas Pipeline/LNG Project Still Treads Water We fear government owned/subsidized projects -- even wasteful or uneconomic ones -- produce support industry crony capitalists who become dependent on the client and supportive of socialist government benefactors and candidates for public office.  A misplaced fear?  You be the judge. by Dave Harbour In spite of low prices and unprecedented competition in the gas/LNG industry, Alaska's government subsidized North Slope gas monetization project continues to tread water, shall we say, "gasping for air". Alaska Governor Bill Walker. Northern Gas Pipelines [...]

8-21-17 This Week’s Relevant Energy Links

Oil & Gas News & Alaska LNG Updates by Larry Persily, Kenai Peninsula Borough Northern Gas Pipelines file photo, Larry Persily Oil and gas news briefs for Aug. 21, 2017 China boosts natural gas imports to keep up with growing demand (Bloomberg; Aug. 16) - Chinese President Xi Jinping’s government has beaten expectations in its drive to help clear the nation’s notoriously smoggy skies by burning less coal and oil in favor of cleaner natural gas. But that success may be too much, too soon. Gas consumption [...]

By | 2017-08-21T09:26:05+00:00 August 21st, 2017|AGDC, LNG|0 Comments

8-13-17 Alaska’s Socialist Gas Pipeline Project Moves Ahead In Spite Of Infeasibility

Tax exemption for AGDC Petroleum News As a political subdivision, AGDC will not be subject to federal income tax, the corporation said, and can issue tax-exempt debt. The expectation is that ... AGDC reports progress in attracting interest to gasline Alaskajournal.com Accordingly, AGDC has also set up a data room for potential customers to examine the technical design and environmental information on the project ...

By | 2017-08-14T06:05:50+00:00 August 13th, 2017|Alaska's Fiscal Crisis, Interstate Gas, Intrastate Gas, LNG|0 Comments

8-8-17 State Keystone Hearings Begin

Alaska's Flag Markets Daily, by Michael Walen on Aug 7th, 2017.  State of Alaska Department of Revenue increased its stake in Cheniere Energy, Inc. (NYSE:LNG) by 135.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,095 shares of the energy company’s stock after buying an additional 4,080 shares during the period. State of Alaska Department of Revenue’s holdings in Cheniere Energy were worth $345,000 as of its most recent filing with the SEC. Keystone [...]

By | 2017-08-08T05:50:41+00:00 August 8th, 2017|LNG|0 Comments

8-1-17 We Congratulate Fox News For Its New Alaska Map

MORNING HEADLAMP: A TALE OF TWO WALKERS – BEST OF TIMES, WORST OF TIMES (Please note that this 7:35 p.m., EST version replaces an earlier, unedited draft.  -dh) Why Fox News' Initiative To Properly Portray Alaska's Size & Location Is Important To Alaskans ... And, To All Americans Commentary by Dave Harbour Fox's improved North American map more accurately contrasts Alaska's size, position and importance relative to the Lower 48 states. 7-29-17. -dh Caribou on oil industry gravel pad. Being five feet above the mosquito infested [...]

7-26-17 We’re on the road; but here’s your COMMENTARY from Seward, Alaska….

Committee Passes Bill to Improve Transparency, Management of Federal Land Ownership Comment: Since the majority of federal land is within Alaska, the 49th state could be a major beneficiary of legislation to inventory federal land assets.  -dh WASHINGTON, D.C. - Today, the House Committee on Natural Resources passed H.R. 2199, the “Federal Land Asset Inventory Reform Act of 2017” or the “FLAIR Act.” Introduced by Rep. Kevin Cramer (R-ND), the bipartisan bill requires the Department of the Interior to create a publicly available register of federal real property to increase [...]

7-20-17 TODAY IN CONGRESS. MONDAY TAPS. A WORKABLE ALASKA GTL SCHEME?

Murkowski Welcomes Nomination of Joe Balash for Key Role at Interior Members Discuss Bills to Bring Much Needed Reforms to the Endangered Species Act Varcoe: New BC energy minister faced with rekindling Canada's bold LNG dream Prospects For Exporting Alaska LNG?  Reference: U.S. LNG exporters could lose money for years, analysts say, Price competition holding back Canada’s LNG export hopes, Exxon drops plans to develop 46 tcf gas field offshore Indonesia (Links from Larry Persily) Is Gas To Liquids In Alaska's Future (Scroll down)? TODAY: HOUSE COMMITTEE MOVES TO IMPROVE MINING [...]

7-17-17 Having A Competent Governor Is Critical To 1) Balancing the Budget, and 2) Attracting Investment & Jobs

7-17-17 = WHAT A LUCKY DATE TO ANNOUNCE A GUBERNATORIAL CANDIDACY -- FOR A PRO-FREE ENTERPRISE, PRO NATURAL RESOURCE DEVELOPMENT, PRO FAMILY, PRO DISCIPLINED GOVERNMENT SPENDING LEADER WITH EXTRAORDINARY SKILLS AND COURAGE! Mike Dunleavy files for governor  Suzanne Downing  July 17, 2017  Alaska News, Politics  8 Comments Senator Mike Dunleavy, Candidate for Governor of Alaska Sen. Mike Dunleavy of Wasilla filed a letter of intent with the Alaska Public Offices Commission today to run for governor. He is a Republican. Dunleavy, who represents District E, left the Republican caucus earlier this spring after breaking with [...]