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 [...]

3-3-16 Fracking Pioneer Dies In Oklahoma City Car Crash

We are sad to note a report from a reliable source that an important oil industry player is leaving Alaska.  Following a disappointing 4th quarter 2015 net loss of $7.2 billion -- but not necessarily related to it -- Apache Corporation will be leaving Alaska.  Details to follow.  -dh  From Embassy News - Canada - comes this Mackenzie Valley Pipeline update by Marie-Danielle Smith. Former Governor Frank Murkowski (NGP Photo) Suggests "Another Approach" To Providing Alaska North Slope Gas Producers With Fiscal Certainty.  Note: we have always reminded readers that fiscal certainty provided for gas [...]

2-10-16 More Evidence: Alaska Can Learn From Canada

Comment: On Monday, as well as Last week we wrote of how Canada's liberal Alberta and Federal governments are communicating positively with the Canadian oil industry -- about ways of providing the investors and the economy with support during this low oil price environment.   We continue this theme below by appreciating today's Globe & Mail Op-Ed by former Alberta Premier James Prentice (NGP Photo).  -dh Jim Prentice lives in Calgary and is a Global Fellow at the Wilson Center’s Canada Institute in Washington. His book Canada, Energy and the Environment will be [...]

2-9-16 Announcing Calgary Conference

See EIA's "Short Term" Energy Outlook Released A Few Minutes Ago! Alaska House To Consider Only Budget Legislation Until Budget Is Passed, Re: Alaska Fiscal Crisis!  ADN by Nathanial Herz. Senator Lisa Murkowski  Makes Kenai LNG Facility Announcement Today! "Hot Off The Press HERE": U.S. Sen. Lisa Murkowski, R-Alaska, today released a report prepared by the Congressional Research Service (CRS) raising key questions about President Obama’s proposal to levy a new $10-per-barrel tax on oil. *   *   *  Also see this House Resources Committee statement, just released! Having Chaired the Calgary O&G Symposium when the Alaska overland and [...]

1-23-16 Lisa Murkowski On Energy Policy – Sarah Palin On The Donald – DiCaprio And Trudeau

Yesterday was Robert Dillon's (NGP Photo) last day of service to Senator Lisa Murkowski's Senate Energy Committee.  He was thoughtful enough to share his news with regular correspondents and we pass it on, here, for some of you who know Robert well and wish to remain in touch with him.  (Other Murkowski staff changes noted here at APM.)  -dh WASHINGTON, D.C.–In the Weekly Republican Address, Sen. Lisa Murkowski (NGP Photo), Chairman of the Senate Committee on Energy and Natural Resources, discusses the Energy Policy Modernization Act, the first broad bipartisan energy legislation to be [...]

1-20-16 Supreme Court Hears John Sturgeon’s Case Today

Supreme Court Hears John Sturgeon's Case Today We just learned today of the passing of our longtime friend: Arlon Tussing (NGP Photo).  We thank Dermot Cole for his thoughtful biography and offer a few comments of our own, here.  -dh Juneau Empire by James Brooks.  The state’s budget crisis​... Here is our position on what adults owe the coming generations.   We mention it here, because all policies of oil producing U.S. States and Canadian Provinces revolve around energy production and consumption. ...and, because we detest intergenerational enequity!     [...]

1-14-16 ISIS Needs (FEARLESS) Oil Workers

Please enjoy Larry Persily's (NGP Photo) Alaska gas/LNG related links TODAY! From our anonymous Aussie energy analyst today, several points of interest re: oil and gas prices and the state of LNG..., and, ISIS NEEDS (FEARLESS) OIL AND GAS EMPLOYEES.... ADN by Yereth Rosen.  A coalition of environmental groups filed a motion Wednesday to intervene in support of the Interior Department’s decision to reject Royal Dutch Shell's request to extend its offshore Arctic leases. The groups filed their motion with the Interior Department’s Board of Land Appeals, an agency tasked with reviewing disputed department [...]

By |2016-12-22T22:27:43-09:00January 14th, 2016|Arctic Policy, Commentary, LNG, You Read It Here First|0 Comments

1-12-16 Weak Energy, Etc. Policies = Lackluster Last State Of The Union Speech

Calgary Herald by Dan Healing.  ... Seven Generations Energy Ltd., considered one of the bright lights of the Calgary oilpatch, announced it would postpone about $200 million of planned capital investment in 2016.... David Holt Commentary, FuelFix.  ...a second major oil company was forced to abandon plans to drill in the Arctic Ocean off the coast of Alaska...for those who live close by..., the news is devastating. ON EVE OF AMERICA'S "STATE OF THE UNION" SPEECH, WE SEE A WEAKER NATION BECAUSE OF WHITE HOUSE ENERGY POLICIES After rejecting the Keystone XL pipeline [...]

Yea for TransCanada! Prepare For The Alliance Tomorrow!

  Considering our editorial Tuesday, Tomorrow's ALLIANCE MEET ALASKA conference may be the year's most important meeting for readers living in/visiting Anchorage.  Agenda. Following Tuesday's editorial on the rating agencies' downgrades of Alaska's creditworthiness, see these reader comments by: an Alaska couple, an Alaska university professor, and our anonymous, Australian energy analyst friend (We hope his tough but realistic predictions are ameliorated by a successful TransCanada suit, as described below.  -dh Speaking of the Alliance (i.e. upper right), our Mid Atlantic anonymous energy analyst friend has this to say about the [...]

By |2016-12-22T22:27:44-09:00January 7th, 2016|Alaska Taxes, Commentary, You Read It Here First|0 Comments

1-5-15 Alaska Is A Betting State – Aussie Oil & Gas Analyst Review & Outlook

You May Not Be A Betting Man or Woman, But Alaska Has Become A Betting State For years Alaska leaders have shunned warnings about overspending and being too dependent on volatile oil prices.  How many still think placing bets on the volatile gas market via equity ownership in an LNG project is wise? Commentary by Dave Harbour Today Standard & Poor's and Moody's credit rating agencies lowered the credit rating of the State of Alaska.   Here are today's Standard & Poor's and Moody's rating announcements. Here is Governor Bill [...]

11-17-15 Statoil Leaves Alaska – Murkowski Schedules ANILCA Hearing

TransCanada thrives amid intense challenges.  Read more below.  -dh U.S. Sen. Lisa Murkowski Responds TODAY TO  Statoil's decision to end its Alaska Arctic offshore exploration program.   Schedule now for this hearing of Senator Lisa Murkowski's (NGP Photo) Energy and Natural Resources Committee:   Thursday, Dec. 3, 10 a.m.,  Full committee hearing on implementation of the Alaska National Interest Lands Conservation Act of 1980, including perspectives on the Act’s impacts in Alaska and suggestions for improvements to the Act.  Seeking Alpha.  TransCanada says it is sticking with a plan to increase investor payouts by 8%-10% annually through 2020 even [...]

By |2016-12-22T22:27:47-09:00November 17th, 2015|Commentary, Keystone XL, You Read It Here First|0 Comments

11-9-15 Former Alaska Commissioner Recommends Minimizing Gasline/LNG Risk

Our readers know that over the last year we have investigated and commented on the large risks accompanying large equity investments of public money into large energy projects. The two of which we are most concerned, are the AK-LNG gas monetization project and the Interior Energy Project. Under the 'Search Our Site' box, top right, readers can review these earlier commentaries by entering desired 'key words'. -dh Support Hilcorp's Liberty Project HERE...TONIGHT! Can Walker Find A Less Risky Way To Support Alaska's LNG Project? A former Alaska Department of Natural Resources Commissioner (DNR) [...]

By |2016-12-22T22:27:48-09:00November 9th, 2015|Commentary, LNG, You Read It Here First|0 Comments

11-5-15: A Review of the November 2015 Special Session of the Alaska State Legislature

One Observer's View of the November 2015 Special Session of the Alaska State Legislature (Revised following receipt of reader comment)   Offered on this, the last day of the Special Session, November 5, 2015   Special Session Audio & Video Archives   by   Dave Harbour     As the special session called by Governor Bill Walker ended this week, we did not oppose the Legislature's decision to approve certain appropriations.  The appropriations allowed the governor to reimburse TransCanada (TC) for its expenses to date, plus interest, to "buy out" its participation in the [...]

11-4-15 Converting TransCanada’s Ak-LNG Equity To Alaska Government Interest – Great Profits Ahead Or A Risky Experiment In Socialism?

The Alaska Legislature's House Finance Committee Voted This Morning To Support A Senate Bill Approving The Buyout Of TransCanada's Participation in the Ak-LNG project. (Audio here).  Tune in live, here, for upcoming House and Senate floor sessions and press conferences. Comment:   HARBOUR SPECIAL SESSION COMMENTARIES:  11-03-15.  House Finance Committee Testimony (CA issue) 10-29-15.  Government Ownership: Mission Impossible 10-25-15. For Whom The Bell Tolls We will have more to say about this Alaska LNG government ownership policy and appropriation Tomorrow.  We believe we are witnessing a paraphrased version of what one national leader said nearly 8 years [...]

By |2016-12-22T22:27:48-09:00November 4th, 2015|LNG, You Read It Here First|0 Comments

10-27-15 TODAY ConocoPhillips Began Producing New Oil On Native Land In the National Petroleum Reserve – Alaska

ANCHORAGE – ConocoPhillips Alaska today announced that its CD5 drill site began producing oil. CD5, part of the Alpine Field, is the first commercial oil development on Alaska Native lands within the boundaries of the National Petroleum Reserve-Alaska (NPRA). CD5 is the second new ConocoPhillips North Slope drill site to come on stream this month. First oil was announced at Kuparuk Drill Site 2S on Oct. 12. “First oil at CD5 is a landmark for our company, Kuukpik Corporation, Arctic Slope Regional Corporation and for Alaska. This announcement is the [...]

By |2016-03-13T03:44:45-09:00October 27th, 2015|Arctic Policy, You Read It Here First|0 Comments
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