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 [...]

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’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 [...]

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 [...]

3-9-16 Alaska’s Fiscal Crisis

Alaska's Fiscal Crisis by Dave Harbour Yesterday, I met with a number of Alaskan friends who are private sector leaders. *     *     * All readers of our news and commentary know that since the turn of the century we have been warning of the perfect fiscal storm preparing to ravage the 49th State. We have described the reasons for Alaska's pending fiscal crisis which have been as clear as "neon painted handwriting on the wall": Today's related Alaska Fiscal Crisis news: ADN, by Alex DeMarban.  (NGP Photo) [...]

3-8-16 Hillary Clinton Opposes U.S. Energy – Commentary For Our Democrat Friends

Today's EIA Release: Short Term Energy Outlook Cliff Notes From Our Mid Atlantic Energy Analyst Friend Frack Nation: ​I wanted to let you know that our FrackNation Facebook page has been attacked by activists leading to two posts being removed and the page being locked for 24 hours.  -​Phelim McAleer (NGP Photo) Commentary For: Energy Industry Democrats If you work in the critically necessary fossil fuel industries, beware.  Is there such thing as a majority of balanced democrats anymore?  Where are the traditional and conservative Southern democrats?  Where are the free enterprise, rule of [...]

3-7-16 Gunfight In The Canadian Corral – And Our Commentary

See today's energy links critical to our readers, courtesy of 1) Consumer Energy Alliance, and 2) Larry Persily, former Alaska gas pipeline Federal Coordinator, and American Energy Alliance. Commentary on  Chris Nelson's Op-Ed Please let our energy decisions be based on a "just and reasonable" standard of merit and logic, not ever-shifting political winds by Dave Harbour How could common sense Americans disagree with Chris Nelson's common sense outrage against Quebec hypocrites and enviro-activist stonewalling of TransCanada's Energy East project?  (i.e. left column) After all, we Americans saw the environmental lobbies on [...]

3-5-16 Canadian Indians Want More From Pipelines

Canada's Federal Government Wasn't "Kind" Enough To First Nations In The Opinion Of This Aboriginal Advocate Of Corporate Welfare! (Readers are welcome to submit a comment re: our commentary below.  We will review and post it.  Sometimes, we even adjust our own positions after evaluating the more advanced thinking of our readers!  -dh)  Our comment.  Canadian law and practice has already established a 'duty to consult' precedent.  That precedent already errs on the side of granting aboriginal groups and persons special advantages -- even to those who don't own pipeline right [...]

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 [...]

2-25-16 Connecting Strategic Dots Among Alaska’s Major Investors

Our friend Steve Borrel (NGP Photo) observes that: "The article below underscores the desire of Japan to obtain mineral resources from Alaska and other destinations that do not require travel through the areas shown in this article."   We would add that other Asian allies of the U.S. could also find their interest in Alaska -- and the Canadian west coast energy and minerals markets -- more inviting.   Offsetting this potential, growing interest, however, is increased competition from other natural resource areas, lower current demand for commodities, as well as Japan's [...]

By |2016-12-22T22:27:33-09:00February 25th, 2016|Commentary, LNG|0 Comments

2-12-16 Credit Worthiness Downgrades Affect Public & Private Sectors

For Alaska Legislators: see this relevant note today from a long-time Alaska friend and colleague, Terry Brady (NGP Photo). From Akheadlamp.com. Alaska House suspended action on all bills not related to the State budget.  Credit Worthiness Downgrades Affect Public & Private Sectors   by   Dave Harbour   We have covered Alaska's deteriorating credit worthiness as judged by rating agency analysts.   New York, February 11, 2016 -- Moody's Investors Service (Moody's) concluded rating reviews on 11 Ba-rated US exploration and production (E&P) companies. Moody's confirmed three companies' ratings, and downgraded [...]

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 [...]

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