Miss a day
Miss a lot

Northern Gas Pipelines is your public service 1-stop-shop for Alaska and Canadian Arctic energy commentary, news, history, projects and people. It is informal and rich with new information, updated daily. Here is the most timely and complete Arctic gas pipeline and northern energy archive available anywhere—used by media, academia, government and industry officials throughout the world. Northern Gas Pipelines may be the oldest Alaska blog; we invite readers to suggest others existing before 2001.

 

6-23-14

23 June 2014 9:01am

The Alaska Department of Natural Resources, Division of Oil and Gas is hosting an open house style public scoping meeting to solicit public input on DNR's oil and gas leasing regulations in 11 AAC 83 TODAY, June 23, 2014, 3 p.m. - 6 p.m. in the Kahtnu Room, 2nd floor of the Dena'ina Civic and Convention Center in Anchorage: http://dog.dnr.alaska.gov/Notices/Regulations.htm.  Call 907-269-8800 to register.


Matthew Cronin, National Security, University of Alaska, Biologist, Polar Bear, Photo by Dave Harbour, ArcticA Proposal To Enhance National Security
Guest Editorial
 
By 
 
Matthew A. Cronin
 
In Congressional hearings top military leaders have issued serious warnings about the impact of budget cuts and sequestration on the U.S. military that threaten readiness, training, equipment
maintenance, and most importantly the morale of our military personnel.
 
This is a serious threat to our national security.
 
At the same time, the federal government is using wildlife and environmental regulations to deny Americans access to vast natural resources on federal land including oil, gas, timber, rangelands, and minerals.
 
As a scientist at a Land Grant University with experience in these issues, it is apparent to me that natural resources can be developed with limited environmental impacts, but
that regulators, scientists, and environmental groups stop development by predicting negative impacts on fish and wildlife with the selective use of science.
 
These two issues may seem unrelated, but I have developed a proposal for immediate Congressional action to alleviate the threat to national security caused by budget reductions to the military and restore sound natural resource management on federal lands.  
 
This proposal seeks to:
 
1) Provide immediate funding for the U.S. military for fuel and personnel costs;
 
2) Immediately develop oil resources on federal lands with the revenue from the sale of oil going directly and exclusively to the Department of Defense (DOD) U.S. Army, U.S. Air Force, U.S. Navy, U.S. Marine Corps, and the Department of Homeland Security (DHS) U.S. Coast
Guard (USCG) for two purposes: fuel costs and a 10 percent across the board pay raise for all military personnel.
 
How would this work?
 
Alaska’s North Slope oil is the first operation, as it can provide 11 billion barrels of oil from recoverable federal reserves. Other states and other resources (e.g., natural gas, minerals, livestock grazing, and timber) can be added to the program in the future.
 
There are extensive onshore oil and gas prospects in Northern Alaska under federal government control including the Arctic National Wildlife Refuge (ANWR, 10.36 billion barrels) and the National Petroleum Reserve Alaska (NPRA, 0.9 billion barrels).
 
Congress should pass a law, with the approval of the
State of Alaska legislative and executive branches, to do eight key things:
 
1. Begin immediate and extensive exploration for oil in ANWR and NPRA in 2014.
 
2. As this action is for national security, it will use existing environmental assessments and impact statements and as such will not require additional research, permits, or
regulation, and will not allow lawsuits to prevent exploration and development. The activity will be exempted from all regulatory permits, and will comply with standard safety and environmental management practices currently in use.
 
3. An exploration plan will be developed by the State of Alaska, in partnership with the energy industry and the U.S. Geological Survey (USGS) Energy Resources Program. Private sector oil industry experts will design development operations to maximize oil production and minimize environmental impacts. North Slope residents and experienced oilfield personnel will advise with local knowledge.
 
4. Upon the discovery and delineation of oil reserves, immediate leasing and rapid production will commence, with oil being transported to the Trans-Alaska Pipeline System (TAPS) for delivery to the Valdez oil terminal.
 
5. The above actions will occur under accelerated leasing to the private-sector oil industry.
 
6. Oil lease receipts and a per-barrel royalty will be allocated to the military (DOD and USCG) to be used for fuel and pay raises for all military personnel. Current DOD and USCG funding will not be reduced as a consequence of this oil revenue.
 
7. No federal government agency actions will be taken, or costs incurred, other than DOD, USCG, and State of Alaska direct costs to administer the project.
 
8. The goal is to have exploration completed no later than the spring of 2015, with production and first oil as soon as possible in 2015-2016.
 
Such a specific plan would do several positive things:
 
  • It would enhance national security by enabling the military to train and conduct operations.
  • It would improve military personnel morale, and
  • it would demonstrate that the American people appreciate their service.
  • It would demonstrate that our country has the resolve to maintain its military capability and develop our natural resources for our own use.
  • It would accelerate our energy independence, help our trade imbalance, strengthen the dollar and reduce our financial investment in hostile regimes around the world.
  • It would establish, in a new way that could serve as a model, the federal government as a participant with, rather than hindrance to, the States and the private sector in resource development.
  • Finally, it would provide economic growth for the country and good private sector jobs for young Americans.
If the timeline of development seems ambitious, it is. But national security and the well-being of our military personnel warrant ambitious and aggressive action.
 
Consider that the Alaska Highway was built in 7 months (April-October 1942), and World War II was won in three years and eight months (7 December 1941-14 August 1945).
 
Although the President and Congress have been unable or unwilling to deal with these issues, we can do this. We can develop energy resources, through a national security framework, quickly and safely, and use the revenues to strengthen our military.
 
When considering my plan, think of our troops and veterans who have been deployed, are deployed, or are preparing to deploy to war.
 
Ask them if it’s time we stop talking and take action to adequately fund our military and create private-sector jobs in America.
____________
 

6-22-14 ...A Special Note To Friends Of Dr. Milton Byrd

22 June 2014 7:19am

Milton Byrd, Alaska Support Industry Alliance, Charter College, Celebration of Life, Photo by Dave Harbour

 

To mutual friends of the late Dr. Milton Byrd; we invite you to join us in celebrating this great man's life next Sunday:

 

 


The Family of Milton Byrd

Cordially Invites You

To

A Celebration of Milt's life

June 29, 2014

The Petroleum Club of Anchorage

Two o’clock In The Afternoon

Please RSVP to Rebecca Logan via email:

RLogan@alaskaalliance.com

 

 

6-20-14 Happy Birthday To Prudhoe Bay!

20 June 2014 5:44am

AJC by Tim Bradner: Gov. Sean Parnell terminated TransCanada AGIA pipeline contract.  (Also see our report two days ago.  -dh)

From Mail OnlineRussian agents are secretly working with environmental campaigners to halt fracking operations in the UK and the rest of Europe, the head of Nato warned yesterday.  (Do we believe this effort does not extend to Canada and the Unites States?  -dh)


Refer to the Federal Coordinator's new webpage for public information on the Alaska LNG Project.  -dh


Prudhoe Bay and TAPS: HAPPY BIRTHDAY TO YOU!

EPA WARNING!!!

Commentary by

Dave Harbour

Charisse Millett, Alaska State Representative, EPA, Clean Coal, Photo by Dave HarbourWhile on the one hand we were there at the beginning and are now delighted to celebrate the 37th birthdays of both the great Prudhoe Bay oilfield and the Trans Alaska Pipeline System (TAPS), we also keep a wary eye on the future.

After all, if we don't look out for the future of our children by carefully monitoring government policies affecting them, who will? 

The EPA's "Destroy American Jobs, Economic Prosperity and Bright Futures For Our Youth" approach to reasonable environmental regulation is heartbreaking and a direct threat to the American way of life, as we have frequently documented here.

In the letter below, Alaska State Representative Charisse Millett (NGP Photo above), exposes the damage EPA proposes doing to Alaska's people in yet another frontal attack on the 49th State's effort to survive as envisioned both by the 1959 Statehood Bill and its own constitution.

We offer our respect and appreciation to Republican Representative Millett for her initiative.

We wonder why we have not seen elected officials of the other party, serving in both Washington and Juneau, exercise more control over an agency whose policies their party leadership implements.  Or, we wonder, do all democrats support the EPA's overreaching policies in Alaska and elsewhere?

We would be delighted to print responses to EPA by all elected officials, regardless of party!

Millett writes: 

This month the Obama Administration and the Environmental Protection Agency announced a plan to
reduce carbon dioxide emissions from power plants.
 
Known as the Clean Power Plan, it threatens the
power supply in the interior section of my state unless it is amended to recognize Alaska’s unique
circumstances.
 
I would like to set aside the ongoing debate among scientists over the role carbon dioxide has in climate
change and the doomsday predictions that come with it to focus on how electric rates and electric grid
reliability will be impacted in Interior Alaska by the Clean Power Plan.
 
It calls for slashing carbon dioxide emissions from power plants by 30 percent in 16 years, a goal that can
only be reached in many states, including Alaska, by converting coal fired power plants to natural gas.
 
Interior Alaska uses coal fired power plants because it is the only available energy source capable
generating cost effective, on demand power.
 
Massive natural gas reserves are available hundreds of
miles north at Prudhoe Bay, but until a multibillion dollar gas pipeline is built that fuel is not an option.
 
Replacing coal with alternative energy sources like wind turbines endangers electric grid reliability
because the winds do not always blow. Winter temperatures in Interior Alaska can hit 60 degrees below.... (Read more here)

  

 

 

 

 

Our friend, Dawn Patience, reminds us that TODAY Prudhoe Bay turns 37, as does the Trans Alaska Pipeline System. Dawn also sends us a story (Scroll Down) by industry historian, Frank Baker (Photo above, 6-20-77, TAPS ceremony at Prudhoe Bay).

Confirmation well

The field startup was June 20, 1977, Prudhoe Bay is still the largest field ever discovered in North America, 37 years later. On March 13, 1969 the Prudhoe Bay confirmation operator BP announced a major strike about seven miles from the ARCO Prudhoe Bay discovery well.

Sealift

The construction of Prudhoe Bay included a barge armada transporting the facilities to the North Slope.

Nearly all the major oil field equipment were constructed as huge modules (as large as 2,6000 tons) on the coasts of California and Washington and transported to Prudhoe Bay by barge.

Freight drop flight

All materials and supplies were transported to Prudhoe Bay, more than 600 air miles north of Anchorage. The field startup was June 20, 1977, Prudhoe Bay is still the largest field ever discovered in North America, 37 years later.  

June 20 Marks Prudhoe Bay’s 37th Birthday

By Frank E. Baker
Thu, Jun 19, 2014

June 20, 1977 was a gray, overcast morning at Prudhoe Bay on Alaska’s Arctic coast as scores of reporters, dignitaries and others huddled around the pipeline at Pump Station 1, Milepost 0 of the trans-Alaska pipeline, to witness history. At 10:26 a.m., pumps were started, valves were opened and the first crude oil from North America’s largest oil field flowed into the pipeline for its 800-mile journey to Valdez, where it would be loaded aboard a tanker destined for the US West Coast.

It was an historic moment for the nation, which was heavily reliant on OPEC oil, and the State of Alaska, which was struggling to gain its economic footing as a new state. For BP and ARCO, the two operators of the giant Prudhoe Bay field, it was a long-awaited moment — the culmination of a major push into the Arctic that had begun nearly 20 years earlier when geologists first ventured north to probe this remote frontier. Their search paid off in 1968 with the discovery of Prudhoe Bay — ranked among the top 20 oil fields ever discovered worldwide and still the largest field discovered in North America. Early estimates were 9.6 billion barrels of recoverable oil, making it a field of Middle Eastern size.

Thirty-seven years later, after yielding more than 12 billion barrels of oil, the field is still producing about 260,000 barrels per day (gross) and remains a key asset in BP’s global portfolio. It has provided the State of Alaska billions of dollars in taxes and royalties, created tens of thousands of jobs and helped boost the state’s savings account — the Permanent Fund — to more than $50 billion.

Today, Alaska’s oil industry accounts for about 89 percent of the state’s revenues, with a large share coming from Prudhoe Bay. In addition to its economic benefits, Prudhoe Bay and the field developments it spawned have served as a proving ground for the advancement of oil field technology, Arctic engineering, and significantly increased knowledge of the Arctic environment.

Alyeska Pipeline Service Co., which operates the Trans-Alaska Pipeline System (TAPS) on behalf of BP and other pipeline owners, is also celebrating its 37th anniversary TODAY. Counting production from Prudhoe Bay and other North Slope oil fields, it has reliably delivered nearly 17 billion barrels to the Valdez Marine Terminal, located in Prince William Sound. A monument at the terminal bears an inscription dedicated to the tens of thousands of men and women who worked on the TAPS project from 1974-77: “They didn’t know it couldn’t be done.”

Categories:

6-9-14 Young Republicans Sponsor Nonpartisan Oil Tax Forum

19 June 2014 6:20am

Calgary Herald by Stephen Ewart: Two pipelines, two countries: A waiting game without end


Young Republicans Sponsor Open Meeting To Hear Experts Discuss Oil Tax Reform

Report and Commentary

(We remind our readers that since accuracy of our archives is of primary concern, we solicit factual additions/corrections and will quickly make necessary changes.  -dh)

by

Dave Harbour

Michelle Hart, Young Republicans, oil tax reform, SB 21, No On One, Photo by Dave HarbourLast night at Anchorage's Loussac Library, Young Republicans had assembled a VIP Panel to brief the general public on an oil tax reform issue scheduled for a vote on Alaska's upcoming primary election ballot (NGP Photo: Young Republican President Michelle Hart).

Panel members.... (Scroll down for more or click here.)


Murkowski Holds FERC's Bay at Bay

Washington, D.C.--U.S. Sen. Lisa Murkowski, (NGP Photo), Lisa Murkowski, Norman Bay, FERC, Cheryl LaFleur, nomination, Senate, Photo by Dave Harbouryesterday voted against appointing Norman Bay to be the next chairman of the Federal Energy Regulatory Commission (FERC). Murkowski said Bay lacks the experience and the background in energy policy to lead the independent regulatory agency. 

“Bay’s responses to my questions on any number of important policy issues facing FERC did not provide the level of clarity needed to win my support,” Murkowski said. “Whether it’s where he stands on recusals, the cumulative impact of the EPA’s recent environmental regulations, or FERC’s current and future course his responses were not forthcoming or worse.”

It’s official: 1 million barrels a day. Williston Herald. North Dakota crude oil production officially surpassed the 1 million barrels per day milestone. North Dakota became the fifth state to hit the million barrel mark, according to the North Dakota Petroleum Council. Alaska, California, Louisiana and Texas have previously hit the mark.

The Senate Energy and Natural Resources Committee on Wednesday marked up the nominations of Bay and current FERC chairwoman Cheryl LaFleur, approving Bay 13-9 and LaFleur 21-1.

Murkowski has repeatedly voiced support for LaFleur’s nomination to a second term on the commission. She has also questioned why the president would demote LaFleur, the commission’s current chairwoman with more than 20 years of experience in the utility industry, to make Bay chairman.  

“I am not interested in the chairman of the FERC doing on-the-job training, particularly when we have a woman – the only woman on the commission – who has been at the helm as the acting chairwoman, and by all reports from both Democrats and Republicans alike, she’s been doing a good job. She has been fair. She has been balanced. She has the temperament that we need. She has the personal qualities of leadership that we look for. She has the experience.”


Young Republicans Sponsor Open Meeting To Hear Experts Discuss Oil Tax Reform

(More event photos here)

Report and Commentary

by

Dave Harbour

Michelle Hart, Young Republicans, oil tax reform, SB 21, No On One, Photo by Dave Harbour​​Last night at Anchorage's Loussac Library, Young Republicans had assembled a VIP Panel to brief the general public on an oil tax reform issue scheduled for a vote on Alaska's upcoming primary election ballot (NGP Photo: Young Republican President Michelle Hart).

Panel members included:

  • SB 21, oil tax reform, Doug Smith, Alaska Support Industry Alliance, Young Republicans, Andrew Halcro, Senator Cathy Giessel, Mayor Rick Mystrom, Dr Scott Goldsmith, ISER, Little Red Services, Anchorage Chamber of Commerce, Northern Gas Pipelines, Photo by Dave HarbourPanel moderator, Andrew Halcro​ (NGP Photo-Middle), Anchorage Chamber of Commerce President
  • Alaska State Senator Cathy Giessel (NGP Photo)​
  • Former Anchorage Mayor Rick Mystrom (NGP Photo-Middle-R)
  • Dr. Scott Goldsmith (NGP Photo-Middle-L)​, University of Alaska Anchorage Professor Emeritus of Economics
  • Doug Smith (NGP Photo-L)​, the President and CEO of Little Red Services, an oilfield support services company is a former President of the Alaska Support Industry Alliance.

Former Mayor Mystrom (NGP Photo) attracted and kept the audience's attention by first saying that he'd been following Alaskan issues for four decades and that, "this is the single most important issue I have seen in my Alaska life."

He said that if Alaskans vote to repeal their oil tax reform law (SB 21), oil production will continue declining.  While oil companies have too much invested in the state to just "walk away", he said that reverting to the higher tax burden would deflect investments to other oil producing states and countries.  

Dan Fauske, SB 21, AGDC, Alaska Gasline Development Corporation, Photo by Dave HarbourMystrom quoted the President of the State-owned Alaska Gasline Development Corporation, Dan Fauske (NGP Photo), as saying that if SB 21 is repealed in August, "the Alaska gas pipeline is toast."

All of our knowledgeable sources concur with Fauske's assessment because returning to a predatory tax structure in a world awash in rising oil and gas production creates huge barriers to what is, potentially, the most expensive construction project in history (i.e. $40 - 60 billion).

Dr Scott Goldsmith, University of Alaska, ISER, oil taxes, ACES, Photo by Dave HarbourGoldsmith (NGP Photo) refuted claims of some critics that the new tax reform bill is a "$2 billion giveaway" to oil companies, pointing out that the state was in deficit mode before passage of SB 21.  If the long run is not taken into consideration, including enhanced employment, exploration and development arising from SB 21, one could only claim that the state is reaping $88 million less under SB 21 than under ACES.

Doug Smith, Little Red Services, SB 21, ASRC, Oil Tax Reform, Alaska Support Industry Alliance, Photo by Dave HarbourSmith pointed out that the decision to keep or repeal Alaska's year-old oil tax reform law is one of the biggest decisions in Alaska's history, "...and we need to get it right".  Using his own small business as an example, Smith said that work had dramatically increased following passage of SB 21 a year ago.  He said that his company was doing more work and producing more jobs than in his company's entire history.  

He said that new oil and gas field work has now risen to about twice the level (i.e. about 14 drilling rigs) than existed before passage of SB 21 (i.e. about 6 drilling rigs).

Smith also noted that due to increased Alaska North Slope work, the decline rate in oil production is at its lowest level in six years.

Cathy Giessel, SB 21, Tax Reform, Photo by Dave HarbourSenator Giessel (NGP Photo) addressed the argument of some that, "it's our oil" (NGP It's Our Oil, David Gottstein, Photo by Dave HarbourPhoto), resulting in a mindset to tax that commodity to the hilt.  

But when Alaska provides leases on oil producing tracts in return for cash bonus bids, for example, and lease holders find oil, the majority of the oil, she said, becomes "their oil" by virtue of lease agreements which only preserve about an eighth of the oil as a state royalty.  

Of course, Alaska then adds to the producer's burden an income tax (in addition to federal income tax), a property tax and a production tax--the latter one of which is the subject of SB 21 tax reform.

Giessel traced the history of recent oil tax laws, pointing out that with lower taxes come a higher number of drill rigs exploring for oil.  She compared the almost 30 rigs at work in Alaska today -- following tax reform -- with the dozen rigs operating in 2011.  

She said that according to a recent study by the McDowell Group, the oil industry was responsible for over 110 thousand direct and indirect jobs in the state (i.e. 33% of total jobs), along with over $6.4 billion in wages (i.e. 38% of total wages) and billions in royalties and taxes.

Sarah Palin, Governor, Alaska, ACES, AGIA, Photo by Dave HarbourACES (Alaska's Clear and Equitable Share) was the production tax law created by Governor Sarah Palin (NGP photo) and a bipartisan majority of the Legislature, in late 2006.  The tax increase was enormous and created hastily, in the wake of a scandal involving several legislators and an oil industry support company a decade ago.

SB 21 is the oil tax reform production tax bill at issue this summer, enacted last Spring after four years of committee hearings and debate on how to improve ACES.

Andrew Halcro, Anchorage Chamber of Commerce, SB 21, Oil Tax Reform, ACES, Photo by Dave HarbourHalcro pointed out that, "under ACES, it just didn't make sense for companies to expand."  Expansion is the best way to produce oil, he said, not simply trimming expense.  He reminded the audience that when oil companies make more money in a state dependent on oil jobs and income, everyone does better.  He gave as an example, ExxonMobil, which is the single largest holding in the Alaska Permanent Fund.

Halcro also documented how the State Revenue Department overstated prospects for future oil production before the full, economic effects of ACES materialized into a disappointing and dangerous trend downward.  

During a question and answer period following the presentations, Smith said in response to the hurried way ACES was created, "We can't make decisions like ACES on emotion."  The crowd applauded.

Ralph Samuels, Alaska, ACES, Production Tax Law, Photo by Dave HarbourResponding to a question about why ACES passed in the first place, Halcro said it was a combination of lawmakers who didn't like oil companies and lawmakers who were afraid to vote against a popular governor (i.e. Palin).  He noted that Representative Ralph Samuels (NGP Photo) was a courageous exception to the rule," another comment resulting in applause.

Halcro also noted that ACES included tax and investment incentives for small companies.  But after two years and many millions in incentives had been dedicated to these companies, they told the state that though they could discover new commercial reserves, they could not afford to produce them under the tax burden imposed by ACES.  

Halcro added that since the passage of ACES in 2006, Alaska's spending has risen 50% but its income has dropped 30%.

Halcro pointed out that the state is home to some 6,000 non profit corporations.  (i.e. This is a higher per capita density of non governmental organizations (NGOs) than anywhere in the country if not the free world.)  As government grants decline, Halcro said, these NGOs become more dependent on business and individual giving.  As the saying goes, he said, "when the oil industry catches a cold, everyone else sneezes.

Earlier this year we editorialized on this issue and provided these statistics, concluding that, "We continue to be surprised at how few non profit organization leaders testify to the Legislature in support of oil companies, how few write letters to the editor.  Yes, Non profits are professional, profligate writers of corporate and foundation grant requests, but how many stand up to support oil company investment -- which directly and indirectly affects their own prosperity?

*     *     *

In another recent presentation, Dr. Goldsmith opined on various strategic alternatives for Alaska's economic future:

1. Natural Resource Development
2. Value Added Processing
3. Federal Spending
4. Infrastructure Investments
5. Renewable Energy
6. Footloose Industry
7. Other Economic Development Ideas
8. PETROLEUM
 
Of these, Goldsmith was quick to add that, he believed Strategy #8, "trumps the rest".

-30-

*   *   *

(See KTUU Television Video)


Additional Event Photo:

Young Republicans, College Republicans, Alaska, Photo by Dave HarbourYoung Republicans 

with 6-18-14 SB 21

Panel Members

Categories:

6-18-14 - Alaskan & Canadian Pipeline Projects Move Foreward

18 June 2014 7:54am

The Republic — Gov. Sean Sean Parnell, Governor, Alaska, AGIA, Gas Pipeline, LNG, Photo by Dave HarbourParnell (NGP Photo) announced Tuesday that the state and TransCanada Corp. have formally ended their relationship under terms of the Alaska Gasline Inducement Act, clearing the way for a new partnership to pursue a major gas project.

The development was expected, after the state, TransCanada, the North Slope's three major players and Alaska Gasline Development Corp. agreed to work together to pursue a liquefied natural gas project. State lawmakers earlier this year approved state participation in the mega-project, setting the stage for a new agreement with the Canadian pipeline company.

Calgary Herald by Darcy Henton.  Federal government approval of the controversial Northern Gateway pipeline Tuesday touched off a storm of outrage and angry vows to block the project, but Alberta’s energy minister expressed confidence bitumen will flow from the Athabasca oilsands to the West Coast.

Diana McQueen called the decision announced by federal Conservative Natural Resources Minister Greg Rickford "a positive step" and put little stock into claims by Liberal and NDP leaders that they will reverse the decision if the Harper Conservatives fall in the next election.

"If this project is based on facts and science ... I am confident this will go through regardless of the election," she told reporters at the legislature.

"I feel that if the conditions are met, certainly we will see this project move forward."

Categories:

6-17-14 Alaska Is Dead Last In Gross Domestic Product Gain In 2013 - Obama Moves To Zone Oceans

17 June 2014 7:10am

Doc Hastings, Congressman, Ocean Zoning, Obama, Overreaching Executive Action, Photo by Dave HarbourToday, Congressman Doc Hastings (NGP Photo) said, "...the Obama Administration has threatened to impose ocean zoning to shut down our oceans, and today the President is making good on that threat." 

(We began updating readers on this threat of Executive Overreach years ago.  Scroll down to 'Current Event #4' , on this page.   Also see Washington Post News Alert which mentions involvement of White House Chief of Staff John Podesta, a leading player in the Enviro-Industrial-Governmental Cabal.  -dh)


Globe & Mail by Peter Tertzakian.  Rising instability may make $100-a-barrel oil seem cheap.


The one state out of 50 with real gross domestic product loss in 2013 was Alaska....  With declining oil production, and high governmental, climactic, geographic, marketing and logistical costs Alaskans are justified about being very concerned for the future of their children.  This is why voting to repeal oil tax reform in the August primary election is a vote for continuing economic decline.   The Department of Commerce is also documenting with this report that poor Federal natural resource policy in Alaska (i.e. and elsewhere) results in economic weakness.  -dh

US Department of Commerce.  Real gross domestic product (GDP) increased in 49 states in 2013, according to new statistics released today by the Bureau of Economic Analysis (BEA).  (Our thanks to Dan Kish, Institute for Energy Research's SVP, for bringing this report to our readers' attention.  -dh)


Alaska Dispatch.  A group fighting to repeal Alaska’s new oil-Tony Knowles, No On 1, Alaska Governor, Oil taxes, ACES, Photo by Dave Harbourproduction tax cut publicly issued an apology on Monday days after a volunteer sent out a caustic statement that, among other things, accused former Gov. Tony Knowles (NGP Photo) of being a “paid shill” for the other side.

In fact, the group, Vote Yes! Repeal the Giveaway, has no evidence showing that Knowles is paid by the opposition and should have never have sent the email, said the group’s campaign manager, T.J. Presley.


From the Alaskanomic's Blog:

Posted: 16 Jun 2014 11:11 AM PDT

The Anchorage Chamber of Commerce commissioned a study on Cook Inlet Oil and Gas by Northern Economics. The report that resulted from this study was published this spring. For your convenience, we have included a link to the report in the Resources section of Alaskanomics. 

It should be no surprise that the Cook Inlet oil and gas industry is extremely important to Southcentral Alaska and the rest of the state. In Anchorage, 82 percent of homes are heated by natural gas. The Anchorage Chamber of Commerce has made energy security a top priority. In a recent survey, over 40 percent of members noted that energy was a concern and the biggest concern in relation to energy was the high price due to deficient supply.

The study finds that the impact of Cook Inlet oil and gas is significant. There is a $2.8 billion economic output from the industry in Cook Inlet. $350 million of this is in payroll with 1,300 direct jobs on the Kenai Peninsula. There is a $423 million benefit from using local, Cook Inlet Gas, rather than using other fuel sources. The total worth of Cook Inlet oil and gas is $4.7 billion. This is over 10 percent of the Alaska economy and with new investment pouring into the State; Cook Inlet appears to be rebounding.

The view the full report, please use this link.

Categories:
Syndicate content