Fairbanks News Miner/AP. Just days after the Alaska Legislature lowered taxes on the oil industry, ConocoPhillips announced plans to boost investment on North Slope fields. ConocoPhillips is planning to bring an additional rig to the Kuparuk field this spring and working with co-owners to fund a new drill site on the Kuparuk River field, the company said in a Wednesday announcement.
Today's Consumer Energy Alliance Energy News:
Is Congress Fiddling As Obama Usurps Its Authority?
WASHINGTON, D.C. – Today, the Subcommittee on Public Lands and Environmental Regulation held a legislative hearing on nine bills to prevent the President from unilaterally designating National Monuments under the century-old Antiquities Act and to ensure greater public participation in the process.
Here Are Some Useful National Ocean Policy Coalition Quick Links. The NOPC seeks to better educate Americans about the impact of such federal overreach.
Since the President first created this entity by Executive Order -- without Congressional enabling or budget legislation -- we have feared for the result. America probably has the most tightly regulated water and air quality, commercial fishing, oil and gas, manufacturing, agriculture, transportation, etc. society in the world. Yet, with Marine Spatial Planning -- as proposed by this plan -- and the effective zoning of the oceans, America is about to place an additional matrix of control around economic wealth producers...and all without Congressional consent.
We believe the Members of Congress fiddle while their branch of government and their authority are being ignored, disrespected and dismantled by an overreaching federal administration.
Case in point (among many): The President established the National Ocean Policy, by Executive Order on July 19, 2010.
This order created a National Ocean Council consisting of 27 Federal agencies and departments. It required those agencies to perform new tasks with money the Congress had budgeted for other purposes. It provided a mandate -- without Congressional support -- for agencies to divert Congressionally authorized personnel and focus to an unplanned, unauthorized program of environmental activism.
The Council developed its so-called Implementation Plan over the past two years but was planning to execute the plan a year ago until the reelection effort intervened.
White House bureaucrats have now succeeded in compelling massive contributions of time, personnel and treasury from countless national, regional, and local stakeholders representing all marine sectors; tribal, State, and local governments; the private sector, scientists, and the public. -dh
The Make Alaska Competitive Coalition has circulated the following statement in wake of oil tax reform legislation that passed the legislature last weekend (Here is more):
From Governor Parnell's Office. Following the close of the first session of the 28th Alaska Legislature, Governor Sean Parnell (NGP Photo) today thanked legislators and highlighted the successful passage of many of his key priorities to improve Alaska. Reforming Alaska’s oil tax structure, providing cheaper energy to Interior and rural communities, reducing payroll tax increases, exercising fiscal restraint, and protecting Alaskan families led the governor’s agenda this session.
Calgary Herald by James Wood. Prime Minister Stephen Harper said Thursday that Ottawa and Alberta are taking a “Team Canada” approach when it comes to getting the controversial Keystone XL pipeline approved by the United States government. And he offered some praise for Premier Alison Redford, who has returned from a two-day trip to Washington D.C. where she touted the environmental record of Alberta and Canada — along with the merits of Keystone, a cross-border pipeline proposed by Calgary-based TransCanada which is intended to ship oil from northern Alberta to the U.S. Gulf Coast.
US Upstream by Tonya Zelinsky. The recent decision makes the AGDC a stand-alone corporation, giving it the tools to move forward on its plans for the US$7.5-billion Alaska Stand-Alone Pipeline (ASAP), which would connect North Slope gas with Alaska tidewater.
Senate panel advances in-state gas line - San Francisco Chronicle - ... on a bill aimed at advancing an in-state natural gas pipeline. The Senate Finance Committee advanced its version of HB4 Thursday. It contains provisions that supporters say the Alaska Gasline Development Corp. needs to get a project to an open season
Energy issues on floor of House, Senate; committee tables oil tax - Alaskajournal.com - In the Senate, a bill making changes to statutes governing an in-state gas pipeline project will be voted on. House Bill 4 makes technical changes in laws governing the Alaska Gasline Development Corp., the state corporation formed to pursue an in ...
Bill to shift Knik bridge construction to AHFC doesn't move - Anchorage Daily News - Costello's amendment creates a new public corporation inside AHFC, the Knik Crossing Development Corp. That follows the model for the Alaska Gasline Development Corp., created by Fauske inside the AHFC when he picked up that project in 2010.
Resource Development Council for Alaska (RDC) Urges Oil Tax Reform Support As Legislature Moves Toward Adjournment!
Senate Finance Committee Released Oil Tax Reform Bill Yesterday.
RDC issued the following call to action yesterday:
Robert Dillon (NGP Photo) of Senator Lisa Murkowski's Energy Committee sends us the following note which should once again demonstrate to Alaska lawmakers that Alaska's energy reserves are not unique and must be competitive if Alaska is to prosper. -dh
ICYMI: The scientific body responsible for evaluating our nation’s recoverable natural gas resources this week released a report showing future gas supply estimates increased by 22.1 percent since 2010 to a total of 2,688 trillion cubic feet.
The Make Alaska Competitive Coalition this morning sent this email message to contacts around Alaska:
Alaskans will have their last opportunity to testify on how to fix ACES in front of the House Finance Committee when it takes public comment on SB 21, the Governor’s proposed oil tax reform bill.
5 - 8 p.m. Tuesday, April 9
Testimony will be taken statewide in person at your local Legislative Information Office. Click here for a list of Legislative Information Offices.
Comments should be limited to two minutes.
• Testify at the final public hearing on the Governor's oil production tax reform bill, CS SB 21, in the House Finance Committee.
• Email members of the Alaska House of Representatives.
The House Finance Committee will hear public testimony on the governor's bill on Tuesday, April 9 at 6:00 p.m. Testimony will be taken statewide and the preference is for people to testify in person at your local Legislative Information Office (LIO). Comments should be limited to two minutes.
Even though you may have testified numerous times this session on the bill before other committees, your testimony is needed one more time to encourage the House Finance Committee to move forward with meaningful policy changes this session to attract new investment and increase North Slope production.
If you have yet to testify, please make your voice count – NOW. Your participation in the process is absolutely vital and it can make a difference. House Finance is the final committee of referral and is the final opportunity for public testimony on the bill.
It is also critical that you email members of the House to let them know you support CS SB 21. Even though a recent poll has revealed that 56 percent of Alaskans statewide support oil production tax reform, those opposing the bill have been making their voices heard loud and clear and have attracted considerable media attention. Legislators need to hear from you. Please do not allow the opposition to speak for you.
Thanks to Prosperity Alaska, emailing your elected officials with this important message takes less than two minutes. Choose from a letter template or personalize your own, and your message will be emailed directly. It's simple, efficient and fast. Email your legislators now and let them know you support CS SB21.
The House Resources Committee improved SB 21 by lowering the base tax rate from 35% to 33% and extending the small producer credit to 2022. The 33% tax rate will put Alaska in a better competitive position and make it more attractive for private sector investment. To compete for the investment that will move the needle on production, Alaska must stand out from its competition, as opposed to settling for a position in the middle of the pack.
Please testify on Tuesday and contact your legislators today and encourage them to support CS SB 21.
In honor of her service and life we provide some of Margaret Thatcher's quotes. Not included is this one, perhaps the greatest of all: “The problem with socialism is that you eventually run out of other people's money.” Here is a great story. -dh
Last week, NGP reader, Dawn Patience, reminded us of a milestone that quietly passed Alaska by earlier this year, perhaps lost in the intensity of oil tax reform and intrastate gas supply project debates. In early 2013, Alaska saw production of the 12 billionth barrel of crude oil from the North Slope initial production area. Here's the link to that story, told by Frank Baker.
Today, Snowflake Rebellion author Tom Brennan (NGP Photo) and I will review this history, a Canadian history 'tie-in" and related current events with Dorene Lorenz (NGP Photo) of Your Alaska Link. If you don't have a TV at work, and wish to tune in at 4 p.m., you can catch us on a live stream, here, from anywhere in the world. Ain't technology great! -dh
P.S. From the News Miner/AP: The end is near. Right? The Legislature is scheduled to adjourn from its 90-day session on Sunday, with a number of major pieces - oil taxes, budgets, an in-state gas line bill - still in play.
P.P.S. Double Hitter: at 1:30 today ADT, the Senate Finance Committee will take testimony on the Alaska Gasline Development Corporation bill and the House Finance Committee will take testimony on the Oil and Gas Production tax reform bill.
April 8, 2008--BP and ConocoPhillips today announced they have combined resources to start Denali - The Alaska Gas Pipeline. The pipeline will move approximately four billion cubic feet of natural gas per day to markets, and will be the largest private sector construction project ever built in North America. The project combines the financial strength, arctic experience and technical resources of two of the most capable and experienced companies in the world.
CBC notes that a Canadian Province is subsidizing for one of it's counties what Alaska is planning to do for Fairbanks -dh. The Nova Scotia government has announced plans to spend several million dollars to help bring natural gas to businesses and homes in Pictou County.
Reader Steve Borell brings us this link from Algemeiner. It provides another dimension to the competition U.S. and Canadian natural gas producers experience: attractive and friendly investment climates abroad. -dh
Fairbanks News Miner. The Senate on Thursday approved a five-year deal to sell royalty oil to Flint Hills Resources’ North Pole Refinery.
Today's Energy Links, Courtesy: Consumer Energy Alliance: