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 [...]

10-5-17

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 [...]

9-13-17 Rogoff Bids Anchorage Dispatch, Alaska Experiment Farewell

Seeking investment, Alaska goes open source with oil & gas data   Somewhere in Anchorage, the state is hiding four giant suitcases, filled with top-secret pictures of the ground. Alice Rogoff. Northern Gas Pipelines photo by Dave Harbour Below is a letter to her readers from the former owner and publisher of the Alaska Dispatch News (ADN).  Here is our 2009 encounter with publisher Alice Rogoff (Alaska House, New York) before she moved to Alaska (Reference 1, Reference 2,).  The ADN is a descendent of the Anchorage Daily [...]

By |2017-09-13T09:44:19-09:00September 13th, 2017|Commentary, Crony Capitalism|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 [...]

9-1-17 Governor Walker of Alaska Makes Confusing/Damaging Energy Decisions

Is Alaska's Governor pro-development...but only as long as his state government calls the shots and does the developing?   (Below we find the Governor's confusingly supportive actions.  In the right column, we find more substantive actions contributing to a loss of investor interest and a more dangerous economic climate.)  -dh Alaska Governor Bill Walker. Northern Gas Pipelines Photo by Dave Harbour Our commentary: Below, we have the appearance of a governor supporting federal energy access programs.  But then you notice such minor expressions of support for natural [...]

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 [...]

7-10-17 Wind Energy Blowout Week

A Wind Update From our Mid-Atlantic energy analyst friend (i.e. who prefers to remain anonymous): Blowout week, batteries and offshore wind Don and Monica Kotowych at Grouse Mountain BC by Dave Harbour, IOGCC Meeting, 6-2-12 ...we link Euan Mearns’ Blowout Week collection of links to major energy articles from the past week, with a host of excerpts and links to many timely energy topics. The excerpt delivery approach follows our effort to pass along the basic part of a story quickly. This is perfect in our time-challenged society. http://euanmearns.com/blowout-week-184/ [...]

6-3-17 President Trump: Don’t let the crony capitalists stop you from draining THEIR SWAMP!

DRAIN THE SWAMP Reaping the Rewards of Our Actions by Dave Harbour Of course the likes of Elon Musk will try to stop President Trump from draining his swamp...and opposes Trump's Paris Climate Change withdrawal. We have long thought Musk to be a business genius but we will not mourn his withdrawal as one of the President's technology advisors.  For while launching his career into greatness with a series of inventions and successful business ventures, some of his current investment depends on taxpayer and ratepayer support. Thus, his current enterprises [...]

6-2-17 Yesterday: a good decision for America

Wednesday Interior Secretary Zinke created a historic milepost for Alaska Interior Secretary Ryan Zinke. File photo by Dave Harbour, Northern Gas Pipelines ; yesterday, we saw the president place an equally historical achievement on the world stage Commentary by Dave Harbour Wednesday's action by new Interior Secretary Zinke to unwind harmful Alaska energy policies and signal that "Alaska is open for business" took careful study and courage. Likewise, President Donald Trump's Rose Garden presentation on the Paris Climate Change Accord could only have been delivered by one who both understood [...]

5-16-17 MOVING NEB TO OTTAWA “DUMB” – Congress Wants Your Input On Bad Natural Resource Policy!

Moving the NEB from Calgary to Ottawa Hurts Consumers, Taxpayers and Also Moves Canada Closer to Socialism by Dave Harbour Christiana Figueres, former executive secretary of U.N.’s Framework Convention on Climate Change, admitted that the goal of environmental activists is not to save the world from ecological calamity but to destroy capitalism. “This is the first time in the history of mankind that we are setting ourselves the task of intentionally…to change the economic development model that has been reigning…since the Industrial Revolution,” she said. Moving the [...]

4-1-17 IT’S APRIL FOOL’S DAY! But the comment below is real.

Alaska Governor Wants Trump to Back LNG Pipeline “Socialism is the philosophy of failure, the creed of ignorance, and the gospel of envy.” —Perth, Scotland, 28 May 1948, in Churchill, Europe Unite: Speeches 1947 & 1948 (London: Cassell, 1950), 347. Our commentary:   As an Alaska citizen and federal taxpayer this writer resents and opposes the suggestion by Alaska's governor that public dollars be wasted on his government-owned, socialist LNG pipedream project: in the form of grants, loans or loan guarantees.     Conservatives and liberals alike should be able [...]

3-16-17 We have trusted you, President Trump, to maintain your correct climate change (hoax) position. Please do not let one or two close advisors deter you from the right course!

Photo: Ivanka Trump and Jared Kusher, for whom we have held great regard based on their dispassionate, logical, loyal and wise counsel.     If we ourselves misunderstand the larger picture and strategy, we invite additions/corrections and will highlight any corrections at the top of this and/or subsequent postings, as is our custom. The accuracy of our archives is our most important priority. -dh Congratulations, Mr. President, on moving to pull back EPA’s fuel efficiency standards! "The president's daughter and son-in-law pushed the Republican executive to get rid of [...]

3-12-17 Making Sure Our Readers Caught This Late Thursday Piece

If you missed it, please find our LATE Thursday piece on Crony Capitalism in Alaska and Washington right here.... We continue to ask to a non-responding bureaucracy: “Who in his right mind could think a $45 billion gas pipeline/LNG project could go well if it were owned by a non-accountable government of temporarily elected and appointed officials?” Big spending politicians, crony capitalists and related special interests seem to be in control of Alaska’s fate as we close out this week.  

3-11-17 It’s Like ‘Peer Review’ When So Many Who Research ‘Climate Change’ Agree It Is A Fraudulent Technique To Redirect Power And Money!

Please reference: yesterday's Crony Capitalist commentary Yesterday we provided readers with a fairly detailed analysis of the Crony Capitalism that is inundating so much of the civilized world.  Liberal politicians and their constituencies of "true believing useful idiots" have already brought the great republics and democracies of the world very close to socialist dictatorship. The commentary and links below just arrived in our mailbag today, the day after our Crony Capitalism commentary. In yesterday's piece, we carefully outlined how Cronyism is able to succeed because of its ability to convince a [...]

3-10-17 Crony Capitalists Exert Unwarranted Influence

Please scroll down for today's crony capitalist commentary Today, our Aussie Oil & Gas energy analyst friend observes that, "Overnight Repsol announced an onshore discovery of 1.3 B bbls - the largest in the US for 30 years.  This follows on from similar sized discoveries in the State last year in the immediate offshore.  Unfortunately prices will likely need to solidly hold above US$50 before these will be developed in this high cost (and high tax) location."   We refer readers to the view of some that taxes do not [...]

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