Alaska Is Making Critical Decisions That Affect Its Long Term Investment Climate

Alaska is making critical budget decisions that will affect its investment climate for a generation! With its unsustainable spending we have long recommended that Alaska decision makers not increase taxes or impose new taxes until significant cuts are made in entitlement programs and employee costs. As the current legislative session nears an end, we see pressure mounting for new taxes.  We see no decisive movement toward containing employee CPI and step wage increases or negotiating more prudent state employee contracts.  And, we see no significant effort to cut entitlement programs [...]

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 [...]

Action Alert: Testify Today!

Dear Readers:  Please review our OCS hearing post yesterday...right here.  Below is an RDC alert dispatched today, on the same subject! Dave   TODAY'S OCS HEARING ALERT FROM RDC: The Bureau of Ocean Energy Management (BOEM) is holding public meetings in Anchorage (Tuesday, April 5) and Ninilchik(Wednesday, April 6) on the new five-year Outer Continental Shelf (OCS) oil and gas leasing program for 2017-2022. The program evaluates 13 potential sales in six planning areas, including three potential sales off the coast of Alaska. We need to defend the Alaska lease sales and show Alaskans [...]

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 [...]

Alaska & Canada Both Suffer From Political Obstacles To O&G Prosperity

Canadian Press — 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 today after a luncheon speech to the Montreal Council on Foreign Relations that Canada needs to de-carbonize its economy but stressed it won’t happen overnight. The Canadian government has come under increased pressure to explain how it can increase development of Alberta’s oilsands and also meet its ambitious greenhouse gas emission targets. Quebec and Canada are reviewing TransCanada’s Energy East [...]

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. [...]

Exxon To Increase Reserves On African Continent

Wall Street Journal by By BRADLEY OLSON, DANA MATTIOLI and SHAYNDI RAICE.  Exxon Mobil Corp. is in advanced talks to acquire a stake in a giant Mozambique natural gas development project from Italy’s Eni SpA, a sign that major oil companies are again hunting for deals after energy prices crashed in 2014. The acquisition could be announced in coming weeks, according to people familiar with the matter. Terms of the deal aren’t clear, but one person indicated Exxon is in talks to buy a stake of around 20% from Eni, which owns 50% [...]

By |2016-12-22T22:27:31-09:00March 25th, 2016|Competition|0 Comments

John Sturgeon: Alaska’s Modern Hero

Alaska's Hero, photo by Dave Harbour Sturgeon wins in U.S. Supreme Court! - This Tuesday, the U.S. Supreme Court issued its decision on the Sturgeon vs. National Park Service case: Justices voted 8-0 UNANIMOUSLY in favor of John Sturgeon!  The Court rejected the Park Service's argument regarding their interpretation of ANILCA, but sent other issues back to the district court, including whether the Nation River qualifies as a public land under the Act. We were pleased to participate, along with other Alaska resource development and business [...]

By |2016-12-22T22:27:31-09:00March 25th, 2016|Federal Obstruction, Uncategorized|Comments Off on John Sturgeon: Alaska’s Modern Hero

3-12-16 The Enviro/Industrial/Governmental Cabal Strikes Again!

SATURDAY COMMENTARY NGP Friends: We are amazed at the FERC decision described in the Calgary Herald story below and fail to see a shred of logic justifying it.   Wait a minute!  Actually, we do see the logic.   Rather than letting the investors assume responsibility for obtaining a return of and on their investment, the regulators are using lack of current purchase commitments as a mere excuse to kill the project.   The permit rejection is, therefore, completely consistent with the logic this administration's Enviro / Industrial / Governmental Cabal employs to kill [...]

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 [...]

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