APRN by Robert Woolsey. ("Gas will never replace oil, from a revenue viewpoint.")
With an oversupply of natural gas in the country, Alaska is exploring the construction of a relatively small, low-pressure gasline within the state’s borders – while still holding out hope for a much larger project should prices improve.
Dan Fauske (NGP Photo) is the president of the Alaska Gasline Development Corporation – or AGDC. He spoke to Sitka’s Chamber of Commerce last week about when and where Alaskans may see gas. (More here, including audio....)
Alaska Dispatch. The Alaska Legislature endorsed Gov. Sean Parnell’s gas pipeline negotiations Sunday, approving plans to spend close to $100 million in the short term and agreeing to collect future taxes in the form of a share of the natural gas, instead of in cash.
Juneau Empire Editorial. ... As the state prepares to build the next pipeline, we should remember the lessons of the 1970s but temper them with the knowledge we’ve gained since then: Local hire is best, but local hire alone won’t build the best pipeline. This week, we watched as the Alaska Legislature passed a bill that allows non-Alaskans to serve on the board of the Alaska Gasline Development Corporation. It’s a smart move: Alaska already allows nonresidents on the boards of the Alaska Permanent Fund Corporation, Alaska Aerospace Corporation and Alaska Railroad Corporation.
Fairbanks News Miner by Jeff Richardson. FAIRBANKS — Rep. Don Young (This and other high resolution, NGP Photos here) took aim at a frequent target on Friday, blasting federal regulatory sprawl that he said endangered economic growth and the Alaskan way of life.
Young spoke during a luncheon with the Associated General Contractors of Alaska in Fairbanks, and directed most of his fiery comments toward the growing profile of federal agencies. He said they’ve passed 13,883 new regulations in the past four years, compared to 628 new bills that made it through Congress.
“We’re no longer a free nation,” Young said. “We’re a nation of regulatory law.”
The visit was part of a busy week for Young, including a local visit with the Alaska Miners Association and tours of the Geophysical Institute and Surgery Center of Fairbanks.
In his typically blunt style, Young said President Obama’s philosophies aim to make the U.S. a “third-rate nation,” bound by wealth distribution and rule-making by unelected bureaucrats.
Personal: Today we drive to Wasilla to offer comments at noon to members of the MatSu Business Alliance
Alaska's Most Under Reported News Events
It's somewhat ironic that there isn't more support for balanced, economic reporting when one considers that media ratings and circulation and advertising -- in addition to every entitlement program in the state -- all benefit from a robust, oil-fired economy.
Last Thursday's economic luncheon in Anchorage is a case in point. While the guest speaker's message conveyed economic risks that, "...families, businesses and government must consider," only those present heard the risks articulated. Citizens can't consider what wasn't reported. Several business publications were represented, but most mainstream media were noticeably absent from a standing room only event -- filled with decision makers -- in one of Anchorage's major convention venues!
This is not newsworthy?
If a tree falls in the forest and no one sees it, did it really fall? (More reports and event photos below.)
Last Friday's Commonwealth North Energy Action Coalition chaired by long-time Alaska energy expert Mary Ann Pease featured Scott Jepsen, Vice President of External Affairs, ConocoPhillips Alaska (NGP Photo), who gave a briefing on ConocoPhillips' extensive Alaska North Slope and Cook Inlet development activities resulting, in part, from SB 21, the production tax reform bill enacted by the Legislature a year ago. (More reporting and event photos below.)
During the winter, the Resource Development Council for Alaska and Alaska Support Industry Alliance provide -- for members and the general public -- weekly natural resource speakers who address the core issues of Alaska's economic prosperity. The Alaska Miners meet weekly in the winter.
Seldom do these events and compelling speakers receive widespread news media attention.
Readers interested in becoming more informed on critical issues may begin by attending another Commonwealth North event later this month...and an annual, Alaska Oil and Gas Association briefing in June.
And, having talked with my Canadian colleagues extensively on this subject, I know the concern is shared there, as well.
Hopefully, greater attention focused on balanced business reporting and improving understanding of critical issues will also improve our ability to better deal with today's myriad, economic -- and national security -- challenges throughout northern North America!
Last week, Northrim Bank hosted three economic update luncheons. The annual luncheons were held in Anchorage and Fairbanks, and this year Juneau as a result of the acquisition of Alaska Pacific Bank. Speakers included Northrim Bank President & CEO Joe Beedle (NGP Photo with Conerly), Northrim Bank Economist Mark Edwards (NGP Photo), and guest speaker Dr. Bill Conerly, business strategy consultant, online contributor to Forbes and author of Businomics. (More event photos below)
Guests heard updates on Alaska’s economy and a special presentation on the economic issues affecting Alaska and the nation. Beedle provided information specific to each region in his remarks. Each presentation is attached below.
Guests also received a copy of the Alaska Economic Update for Spring 2014. The update was written by Bank Economist, Mark Edwards, and in the coming weeks, Alaskanomics will review each of the sections and highlight information in individual blog posts. The full update is linked below.
To wrap up each luncheon, Northrim Bank presented donations to University of Alaska programs. Over the years, Northrim has given nearly $4 million to Alaskan higher education. Northrim invests in the community and is proud to support organizations that are helping build a stronger community for the future.
- University of Alaska Fairbanks School of Management-$50,000
- University of Alaska Anchorage Institute of Social and Economic Research $100,000
- University of Alaska Anchorage Small Business Development Center $50,000
- University of Alaska Knudson Scholarship Fund- $4,500
- University of Alaska Southeast School of Management -$25,000
- University of Alaska Ketchikan Campus- $5,000
- University of Alaska Sitka Campus $5,000
(More event reports to follow later today.)
MatSu Business Alliance Lunch Forum: NGP Event Photos
Friday | April 18 | 12:00 – 1:00 PM | Evangelo’s in Wasilla
Topic: Are You a Cracked or Hard Boiled Egg?
Since oil started flowing through the Alaska Pipeline, our economy has had all its eggs in one basket. If Prop 1 passes, that basket will end up full of cracked eggs that will start to stink. Regardless, we need to find fresh eggs and hard boil them so they don’t rot.
Join us Friday April 18, 2014 @ Evangelo’s from 12-1pm for our monthly luncheon.
Our program this month includes:
Dave Harbour,Commissioner Emeritus of the National Association of Regulatory Commissioners and Publisher of Northern Gas Pipelines. He is also founding President of Consumer Energy Alliance – Alaska
Tobias Schwoerer, Researcher and published author with the Institute of Social and Economic Research at UAA. He is currently working on a project to assess the economic value of environmental features in the Mat-Su Valley
Mike Heatwole is Vice President of Public Affairs for the Pebble Partnership.
Tables available for $200 (includes 8 lunches)..Only 10 available so reserve yours now…RSVP
RSVP individually (a new Internet window will open with an RSVP form) or call 907.373.6622
If you would like to save time at the door you can also purchase lunch cards for 4 lunches here.
To RSVP for lunch and pay at the door please click here.
To RSVP for coffee only and pay at the door please click here.
$25.00 includes lunch
$10.00 meeting only with coffee service (no lunch)
Friday | April 18, 2014
Lunch is served at 11:45 a.m.
Evangelo’s – Downstairs Meeting Room [Park in rear lot]
2530 East Parks Highway, Wasilla
Comment: We have long held that the White House Memorandum and Executive Orders establishing and implementing a new "Ocean Policy" was one of the Administration's first acts of federal overreach.
|Comment: The "Rule of Law" subject appears when we discuss "Ocean Policy", but arises as a theme wherever federal regulatory powers are exercised--including with an Alaska mining project on state land. -dh
Last week Pebble CEO Tom Collier spoke at the Alaska Miners Association conference in Fairbanks, updating attendees on the status of the Pebble project, discussing next steps, and addressing a major federal overreach by the U.S. Environmental Protection Agency. Collier expressed his confidence that although it has had setbacks, Pebble remains viable, saying “I would have stayed in Washington, D.C., if I thought this was done.”
Chairman of the board John Shively (NGP Photo) concurred: “Is it going to be difficult? Sure, but there aren’t a lot of easy projects left.”
Journal of Commerce/AP by Becky Bohrer. The U.S. Environmental Protection Agency is taking the first steps toward possibly restricting or even prohibiting development of a massive gold-and-copper prospect
First. It created a broad new policy that threatens the economy of the country without Congressional approval or oversight.
In response to this overreach, citizens and companies created an National Ocean Policy Coalition (NOPC Logo, above).
That group has generally tried to responsibly react to the White House initiative by providing input, testimony and meeting with Administration officials.
Our readers know, however, that we have shown this Administration to be unconcerned with responsible comment about its programs. It goes through the motions of holding public hearings before proceeding to do what it wished to do from the outset.
This is one of many reasons we consider the Administration to have broken faith with Americans by violating the rule of law. When the citizens no longer trust in the rule of law, confrontation between those governing and the governed becomes more likely.
Today, we received a special report from the National Ocean Policy Coalition -- which includes several Alaska public interest organizations. Its extensive reports include: I. NOPC Submits Mid-Atlantic Ocean Planning Comments, RPB Announces Meeting; II. New Request for Proposals Seeks Additional Assistance for Northeast RPB; III. New England Fishery Mgmt. Council Meeting to Include Northeast RPB Update; IV. NOAA Proposes Nearly Tripling Size of Two Marine Sanctuaries Offshore CA; V. MPA Federal Advisory Cmte Seeks Nominations, Announces Meeting.
We compliment supporters of NOPC for their hard work but urge readers to be more suspicious than ever of the motives of an overreaching federal government. After all, when fully implemented, a national ocean policy could make virtually all human activity subject to government oversight -- since it is designed to regulate activities affecting the oceans and Great Lakes and the watersheds feeding them (i.e. the whole country).
Can you imagine the new bureaucracy that will be recruited from the ranks of the 'faithful' to fully implement a program to control the rest of us?
Farmers, parking lot owners, contractors and municipalities are especially at risk, for the water flowing from these sources -- and every rooftop -- will likely carry something worthy of regulation into a body of water that is, ultimately, ocean bound.
This is why we urge NOPC and every other citizen who takes an interest in this matter to cease cooperating with the concept and begin to fight for its outright demise! White House organizers will scoff at suggestions they will overreach. But if citizens and Congress let the Administration put the bureaucracy in place, the deluge of future controls and regulations will be impossible to contain.
It is an environmental activist's dream come true--or a tyrant's. -dh