9-10-2021 Historical Days: Prudhoe Bay Lease Sale & 9-11

Today in 1969, Alaska conducted the great Prudhoe Bay Lease Sale, over a year after the behemoth oil & gas discovery on the state's North Slope.  Full Story HERE.  Here is our 2020 comment.   *     *     * Tomorrow, the whole country commemorates the twentieth anniversary of the terrorist attack in New York City of the World Trade Center.  (Another Day of Infamy) *     *     * My great brother (Photo-right, with author), Vietnam Vet Marine Doug Harbour, founded the Tri State 9/11 Remembrance Parade & Ceremony...in [...]

3-19-21 Lest We Forget: Alaska Once Had A Stable Investment Climate!

  Lest We Forget: On March 18, 1981 Alaska Created Two Decades Of Investment/Tax/Economic/Social Stability Commentary by Dave Harbour (Video: Governor Jay Hammond and Legislature Define 'Fair Share' Of Petroleum Revenue 3-18-81 from Dave Harbour archives on Vimeo.) TRANS ALASKA PIPELINE SYSTEM (TAPS)  Four decades ago yesterday, 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.  1980-81 was an era when [...]

3-18-2021 Big & Challenging China Meeting In Alaska Today Likely Affects Alaska & US (& Australia, Canada, India, Korea, Japan, Taiwan, Etc.) Energy Policies

Ted Talk: A 2018 Australian Perspective On China We ask ourselves: "Is there another path toward ultimate peace without demanding appeasement by/from either party?"  You be the judge.  -dh Advice To US Diplomats Meeting With Chinese Counterparts In Anchorage Today: Learn From The Past  Be aware that the July 27, 1953, Korean War Armistice was not a treaty.  Technically, we are still at war with two determined communist allies: China and North Korea. Be aware that a senior Chinese leader visited Alaska during Governor Sean [...]

9-10-2020 TODAY IS THE 51ST ANNIVERSARY OF THE 1969 PRUDHOE BAY LEASE SALE

From the state archives (featuring Lieutenant Governor (Secretary of State) Robert W. (Bob) Ward at the microphone. Note correction and personal note below.  More historical links). Collection Name AMRC. Ward Wells Collection Identifier AMRC-wws-4794-6 Title State of Alaska 23rd oil and gas lease sale. Description Title taken from sign in photograph. View of 23rd oil and gas lease sale for Alaska inside Sydney Laurence Auditorium in Anchorage, Alaska, with map of North Slope area in Alaska on sign in background. Alaska Governor Keith Miller holds microphone, while Alaska Department of [...]

6-10-20 Is Alaska’s Government Acting In Good Faith?

From the Allliance: "Open for Business? AKDOT takes $49m in CARES relief funds –threatens struggling AK companies with 10.5% interest penalty." The Situation: The Department of Transportation & Public Facilities took money intended to be used for “relief” and responded by threatening a 10.5% interest penalty on late payments from struggling Alaska businesses ⁠–on top of already onerous lease increases. 18 months prior to the current public health emergency, Alaska companies asked the administration and DOT&PF to review the steep, and in our review some cases unlawful, rental increases implemented by the Walker administration [...]

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 [...]

4-9-20 A Revealing Look At The Status Of TODAY’S Oil & Gas Industry!

Below are the speaker's notes from an online presentation delivered today to members of the Alaska Support Industry Alliance.  Their thousands of employees of some 400 employers provide the muscle enabling the enormous oil, gas and mining production in America's largest -- and sole -- Arctic state. Alaska Support Industry Alliance Webinar Briefing For Members By Dan K. Eberhart, Canary LLC (Photo) (Twitter account contact: @dankeberhart) Whatever happened to “In like a lion, out like a lamb?” March has been a month many of us would rather forget. The twin [...]

1-20-2020 RCA Rejects Hilcorp-BP Filing And Orders A Hearing – Climate Change: What Do You Believe?

Kids' climate change lawsuit tossed out by federal appeals court Publisher's note: Don't forget that the UN Climate Chief admitted that the goal of  the Climate Change movement is not to save the environment, but TO KILL CAPITALISM!  Lest we forget.  -dh WATCH: The 'Greta' of Climate Realism We met this amazing young lady in Madrid at COP25 last week. Just 19 years old, Naomi Seibt is drawing comparisons to Greta Thunberg. But other than their shared youth, there is really no comparison. Instead of being used by the adults [...]

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 [...]

11-16-19, 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 [...]

11-12-19 Farewell Epilogue and Alaska’s Dangerous Oil Tax Increase By Voters Initiative

“BOTAX” Dave Harbour Glen Biegel Lawyer’s oil & gas tax scheme threatens Alaska’s economy (.PDF of this commentary here: Footnote Version & Clean Version like this w/o footnotes.) By Dave Harbour and Glen Biegel First, let’s get some ‘housekeeping’ out of the way on the proposed oil tax initiative.  Then we’ll explain why all Alaskans should be concerned. Alaska Lieutenant Governor Kevin Meyer recently certified a voter’s initiative petition application entitled “An Act relating to the oil and gas production tax, tax payments, and tax credits.”  Attorney [...]

3-26-19 Alaska Governor Michael Dunleavy Works to ‘Bring Home the Bacon’ From CERA Week!

Michael J. Dunleavy in Special Dialogue... Dan Yergin, NGP file photo, by Dave Harbour (NARUC). ...with Dr. Daniel Yergin, Vice Chairman IHS Markit 24:19.  (Note: Your publisher first met Dr. Yergin in the 1970s when the latter was a rising star in the energy/environmental consulting field.) Report: On Friday, March 22, 2019, Alaska Governor Michael J. Dunleavy addressed a crowded room at the international energy conference known as CERAWeek, an annual gathering in Houston, TX attended by more than 4,500 individuals from over 70 countries and regions. [...]

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.  [...]

2-8-19 Alaskans: Prepare for Monday!

Not Just For Alaskans Alert and Commentary: Monday! Joe Balash, Department of the Interior Assistant Secretary for Land and Minerals Management. NGP File Photo by Dave Harbour Alaskans who can should turn out en masse for a federal public hearing on Monday by 1 p.m.!  For years the Alaska legislature, Governors and state organizations like the Interstate Oil & Gas Compact Commission and National Association of Regulatory Utility Commissioners (i.e. IOGCC & NARUC) have been advocating for the environmentally responsible development of a small sliver of the 1002 [...]

1-3-19 Shell Leads Big Canadian LNG Project

Comment: Alaskan investors have have been trying to engineer an economically feasible, North Slope LNG export project for over 40 years. British Columbia, also has LNG fever.  It struggles with a half dozen economically feasible export schemes -- occasionally confounded by Aboriginal claims, environmental activist obstruction and now, low LNG prices flowing from depressed world economies and a plethora of competitive LNG projects (See CBC review below). Unlike Alaska, the overwhelming majority of worldwide LNG export projects do not carry the burden of having to finance an 800 mile [...]

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