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.

 

5-27-14 The Russians Are Coming. No, The Russians Have Come!

27 May 2014 10:52am

The Russians Have Come

by

Dave Harbour

Dear Reader: we always solicit new content, comment and facts from our highly knowledgeable and experienced readers -- along with additions/corrections to our commentary.   Maintaining accuracy, with your help, is critical to the usefulness of our hundreds of thousands of pages of Northern energy archives spanning over 4 decades (See our internal 'search bar', upper right).  -dh

In yesterday's Memorial Day commentary, amid unhappiness in Ukraine, we again reminded ourselves that the former owners of Alaska have returned as Alaska North Slope (ANS) investors.  (We are also sensitive to US-Russian efforts to create an International park that could someday affect Alaska's commercial fisheries, energy and mining developers, Alaska Native Regional and Village Corporations, and free use of the Northwest Passage.)

One of our  foreign, Pacific Rim readers observed that the logical extension of Russian ANS involvement, under Alaska Statutes, could have the result of, at least indirectly, introducing Alaska to the current Russian - Ukrainian dispute.

Yesterday, we also heard from another NGP reader, James Halloran, a Trustee of the Ohio Oil and Gas Association who is an astute analyst and observer of energy matters.

He commented on the big, $400 billion China-Russian gas sale and pipeline agreement which would result in a $20 billion gas pipeline investment in China and a $75 billion investment in Russia -- not counting the value of the gas sale.  (We also note the market power Russia and China will be able to exercise on Western support industries beholden to them for service, supply and logistical contracts.) 

Halloran said that, "We spent four years (1974-77) actively involved with the construction of the $1 billion (estimate) Trans Alaska Pipeline System, that eventually cost $8.9 billion. Factoring in inflation since the 1970s, we would estimate the Sino-Russian pipeline system is a comparable project, in terms of complexity and remote geography.  TAPS got done on time, but it had the finest engineering teams in the world, plus the resources of five major oil companies, to accomplish the task. We also think this is going to be a project worthy of keeping the popcorn ready for watching it unfold. It is instructive that the Russians insist on their part of the pipeline as costing 'at least' $55 billion."

Below, let's review current headlines helping readers connect some of the world-wide dots reflecting Russia's energy strategy.  In doing so, we recall the observation of our Pacific Rim reader yesterday about, "...ongoing interest in investing in Russia with the likes of Rosneft, notwithstanding the sanctions imposed upon Rosneft's CEO, Igor Sechin, personally.":

  • Evaluate Energy, by Ilda Sejda.  Recently, foreign companies have been moving into the Russian oil and gas sector at a rate that has never been seen before.

  • GE and OJSC Rosneft, a leader in Russia’s petroleum industry, today signed a memorandum of understanding (MOU) that lays the foundation for the two companies to jointly evaluate and develop commercial opportunities in oil and gas exploration and production in the Russian Federation.  The MOU was signed by John Krenicki, GE vice chairman and president and CEO of GE Energy; and Igor Sechin, president of Rosneft. 

  • Igor Sechin, President and Chairman of the Management Board, Rosneft and Dinesh Kumar Sarraf, Chairman of the Board of Directors, ONGC Videsh Ltd and Chairman & Managing Director, ONGC signed a Memorandum of Understanding at the St. Petersburg International Economic Forum, in the presence of Mr. Vladimir Putin, President of the Russian Federation. The Memorandum paves the way for the companies’ cooperation in subsurface surveys, exploration and appraisal activities and hydrocarbons production in Russia’s offshore Arctic.  (WEN by Joseph R. Fonseca​)

  • Rosneft and BP signed an agreement on Saturday to jointly explore for hard-to-recover oil in Russia, the first major deal for the state-run Russian oil company since the West imposed sanctions over Ukraine in March.  Rosneft chief executive Igor Sechin, a close ally of President Vladimir Putin, has been targeted by U.S. sanctions along with some other members of Putin's so-called inner circle following Russia's annexation of Crimea from Ukraine in March.​  (WEN by Joseph R. Fonseca​)

  • ...at the 18th St. Petersburg International Economic Forum, Rosneft signed an Investment and Cooperation Agreement with North Atlantic Drilling Ltd. (NADL) and Seadrill Limited to form a long-term partnership aimed to develop Rosneft’s offshore and onshore projects until at least 2022.   (WEL by George Backwell​)

  • Venezuela's state-run oil firm PDVSA said on Saturday a $2 billion pre-payment from Russian oil producer Rosneft will be destined in part to develop its coveted Orinoco belt.  (WEL by Joseph R. Fonseca​)

  • A major gas deal between Russia and China could finally be sealed this week when Russian President Vladimir Putin visits China on May 20-21 and meets with President Xi Jinping.​ ​(Energy Daily, by Nick Cunningham)

  • Russia and Jordan's Shale Potential.

  • Russia and Iran's oil.

  • Yves-Louis Darricarrère, Total's head of Exploration and Production, said that his group is committed to expand its activities in Russia and forecasts the country becoming the largest contributor to its production by 2020.  Russia is key to Total's strategy of finding new reserves....  (WSJ, by Géraldine Amiel)

  • Here's the bottom line: in addition to the above, Reuters outstanding news team reports (by Vladimir Soldatkin; Editing by Lidia Kelly and David Evans), via Yahoo Finance, UK, that, "...Rosneft signed several deals at the St Petersburg International Economic Forum over the weekend, despite sanctions imposed on the company's chief executive Igor Sechin...," including:

    • "Rosneft and Union Cuba Petroleo (CUPET) signed Memorandum of Cooperation on projects in Cuba.

    • "Rosneft and United Arab Emirates' Mubadala Petroleum signed a cooperation agreement to "foster greater co-operation between the two companies in exploration and production".

    • "Rosneft and India's ONGC Videsh Limited signed a Memorandum of Understanding (MOU) for cooperation in exploration, appraisal and hydrocarbon production....

    • "Rosneft and PetroVietnam Oil Corporation agreed on key terms of long-term oil supplies to Vietnam...of up to 6 million tonnes a year via Russia's Pacific's Kozmino terminal in 2014-2039.

    • "Rosneft and Mongolia's NIC LLC signed a five-year oil products supply deal...for supply of more than 1.2 million tonnes of oil products from June 2014 to May 2019.

    • "Rosneft and Pirelli signed a Memorandum of understanding over marketing projects in Rosneft's retail network.

    • "Rosneft and Azerbaijan's energy firm SOCAR signed a joint-venture agreement...for oil and gas exploration and production projects including in Azerbaijan and Russia.

    • "Rosneft ... said the memorandum foresees a possibility of installation of different Alstom's "solutions and products for power generation, industrial automation and emission control...."

    • "Rosneft signed long-term gas supply deal with Fortum.

    • "Rosneft signed gas supply deal with RUSAL, EuroSibEnergo and Russian Machines."

Our Comments On These Connecting Dots:

1.  Rosneft is an energy arm of the Russian bureaucracy.  While decision making can be swift and supported by the weight of Russia's authoritarian leadership, it can also produce stunning failures arising from a) the presence of political influence, b) the possibility if not the likelihood of graft and corruption, and c) the ultimately, and by definition, "unmanageable" movements of the free market.  

But Russia's grand energy strategy is not guaranteed.  What if its effort and enormous investments into 'managing the mode and means of world energy production' could become frustrated by a) new and more aggressive competition (i.e. shale); b) unexpected and expensive technical delays (i.e. China gas pipeline); or, c) a dramatic world economic decline and an accompanying decline in energy demand.  In that case, we believe Russia's current Ukrainian tantrum demonstrates its leader's propensity to adopt nationalism and imperialism as a means of confronting internal social and economic challenges.  Doesn't this propensity make Russia a very dangerous bear, indeed, to have as a bedmate or energy partner?

2.  Russia is one of the world's largest holders of natural gas and oil reserves.  However, this week's events shown above demonstrate a move to more effectively dominate world oil and gas supplies and supply/distribution chains.  The effect of such a growing monopoly (i.e. not forgetting China's equally aggressive oil and gas acquisition policy), is to make European and even Asian energy users less capable of acquiring reasonably priced and secure supplies from Russian (i.e. or Chinese) energy competitors.  This would ordinarily bode well for Alaska's remote energy reserves, but then we note Rosneft's presence there, too.

We believe that investment advisors, were they to counsel Putin, might say that, "Adding external oil and gas investments to your already large internal reserves of oil and gas has the effect of concentrating, not diversifying, Russian investments.  This increases the odds that with passage of time natural and artificial market forces could result in both massive national profits for Russia, and massive economic decline."  Other world powers, depending on Russia's contractual and military stability and non-aggression have reason -- but not necessarily the insight or desire -- to believe that they share the risk of Russia's concentration of energy investments.  Russia's growing energy market power can manifest itself as market strength; it can also result in the power to intimidate and create predatory pricing/supply policies, as we have witnessed in Europe.

3.  Some of the flood of deals Putin succeeded in achieving last weekend may have been too hastily organized to meet an artificial, strategic deadline.  Yes, he might have achieved some tactical benefit from stitching many of the world's largest oil and gas producers and support companies into a blanket of political and economic support.   The modern-day Prince Putin provided a very impressive display of government/industrial coordination and effectiveness.  However, history tells us that there are chinks in the armor that, as we describe above, may put the world at risk as Russia encounters unexpected bad results trickling from the impressive portfolio of Memoranda of Understanding (MOU).  

  • Take the deal with Argentina.  A major oil company, Repsol, found out not too long ago that Argentina is not a trustworthy partner, as we reported here.
  • Likewise, Argentina and other companies and governments involved in MOUs with Russia must trust in Russia's commitment to the 'Rule of Law', to living up to its contractual commitments.  This might take on more of a 'religious leap of faith' than normal 'due diligence' in light of how Russia is treating European customers depending on it for stable, secure supplies of energy.
  • With mounting aggressiveness, will Russia use the market power achieved through the weekend MOU and agreement signings to neutralize worldwide opposition to its dangerous designs on former and currently free Soviet republics?  For example, will General Electric supply gas turbines and other technology to the Sino-Russian gas pipeline...and feel obliged to use its significant political muscle in the United States and Italy to urge appeasement in the face of Russian aggression?  Will Total be inclined (or "encouraged") to advise the French and other governments on political matters affecting Russia, such as appeasement or increasing economic sanctions?

No, the Russians are not coming.  They are already here in North America, South America, Western Europe, the Middle East, Africa, Asia and points between.

Those "Points" of Russian presence are like dots on a map.

We hope readers will connect them and apply their own conclusions and strategies to their own corporate, state, provincial and national interests.

The Russians are chess masters.  Chess is the greatest game of strategy.  It can be played innocently for fun and brain development.   Its principles can also be used by expert players to outwit amateurs and more naive, less patient, less developed thinkers.  A cheater can also 'win' a chess game that would otherwise be lost to a superior player.

Partners and opponents alike should be equally nervous about the presence, in their midst, of a modern, Russian prince proclaiming friendship or planning retribution.

We believe that those noted above do not fully comprehend the dangerous game in which they are engaged, with a partner/opponent who embraces such unpredictable values and unexpected aggressive capability.

See our brief commentary tomorrow, "Playing By The Rules", matching the trustworthiness of two of the world's major energy leaders.


 

CWN Forum – Today, May 28th  

12:00pm-1:15pm, Dena'ina Center

Doors open at 11:30AM, program begins promptly at noon

Click Here to Register

On Wednesday, May 28th, Commonwealth North will hold the third of a three-part series discussing the State's plan to take a twenty percent equity share in a North Slope natural gas pipeline project. The Alaska Constitution states that, "The legislature shall provide for the utilization, development, and conservation of all natural resources belonging to the State, including land and waters, for the maximum benefit of its people."

-What does, "maximum benefit" mean?
-Should rural Alaskan's benefit from a project focused on the Railbelt?
-Should Alaskan's expect access to gas at below market prices?

Our panel will discuss the concept of ensuring the maximum benefit of Alaska's resources in the context of this historic, multibillion dollar investment in a gas pipeline project.  

The panel will include:

Gunnar Knapp, Ph.D., has been on the faculty of the University of Alaska Anchorage Institute of Social and Economic Research since receiving his Ph.D. in Economics from Yale University in 1981. Dr. Knapp has conducted a wide variety of research on the Alaska economy and Alaska resources, including in particular markets for Alaska seafood and management of Alaska fisheries resources. 

Marty Rutherford retired in 2010 as Deputy Commissioner, Alaska State Department of Natural Resources. Rutherford has extensive experience with 26 years in Alaska state government, much of it in various positions in the Department of Natural Resources. Marty is currently Special Projects Manager for the Anchorage Office of Linc Energy. 

Dermot Cole is a longtime Alaska reporter, columnist and author, based in Fairbanks. He has written extensively about Alaska and Alaska history for more than 35 years. A former reporter for the Fairbanks Daily News-Miner, his most recent book is "North to the Future: The Alaska Story, 1959 - 2009." Cole grew up in Pennsylvania and lived in Taiwan, Montana and Hong Kong before moving to Alaska in 1974. He is a graduate of the University of Alaska Fairbanks. 

Larry Persily will moderate the panel.  Persily is the federal coordinator for Alaska natural gas pipeline projects and a former deputy commissioner at the Alaska Department of Revenue.   

Click Here to Register for Next Week's Forum

Members, $20; Non-Members, $35

Thank you to our event sponsors! 

Northrim Bank     

 

  Alaska Journal

Categories:

5-26-14 Memorial Day - As Russia Threatens Ukraine Will Alaska Invite Russian Support of Gas Pipeline/LNG Project?

26 May 2014 12:47pm

Point of Personal Privilege: On this Memorial Day I honor the memory of Dad (Col. Dave Harbour) and Mom (Bobbie) who were married in Honolulu a few days after the Japanese attack in 1941...and fellow veterans and supportive families, past and present, who defended America's constitutional principles through the country's majestic history of freedom and prosperity.  -dh


Russian Company Involvement In Alaska Gas Pipeline Project?

(Refer to our 2-14-13 related posting.)

One of our Pacific Rim readers writes over the weekend, "that Rosneft was granted by Exxon to come into Point Thomson (and hence the North Slope LNG project).

"Over recent days the Majors have been lining up to affirm their ongoing interest in investing in Russia with the likes of Rosneft, notwithstanding the sanctions imposed upon Rosneft's CEO, Igor Sechin, personally.

"The State of Alaska will become part of the current Ukrainian dispute with Russia if Rosneft exercises its option over Point Thomson, as the State law states:

11 AAC 82.605. Assignments 

(a) Leases, oil and gas exploration licenses, permits, or interests in leases, oil and gas exploration licenses, or permits, may, with the approval of the commissioner, be assigned or subleased as provided in this section to a person or persons qualified to hold a lease. 

"The Commissioner will therefore have to determine if Rosneft is a party that is “qualified” under Alaskan law to hold a lease!"

This reader, who is attracted by the State's opportunities, and searches for Alaskan investments, says, "I’ll continue to watch with interest from afar."

Please remember that, above all, we seek accuracy and are responsible for the reliability of our hundreds of thousands of pages of archives.  We would encourage readers with additions/corrections -- or a different take on the ROSNEFT investment -- to comment either confidentially (as this reader requested), or on the record.   -dh

Categories:

5-25-14 Government Decisions Matter

25 May 2014 2:05am

Sunday, Post Church Service Commentary:

Charles Stanley, Photo by Dave Harbour, first baptist church of AtlantaDr. Charles Stanley (www.intouch.org, NGP Photo) gently reminds us that our actions have consequences and that we reap, "what we sow, more than we sow and later than we sow."  We include this reference not to suggest that decision makers are bad or good people, but to emphasize the principle that actions have consequences.

Today's posting is for the benefit of Alaskan and Canadian decision makers who have said, "This is where the oil is; a tax or regulatory increase won't stop those oil companies.  They have to do business with us.  Where else are they going to go?"  

The answer is that investors have a number of alternatives for using their money productively.  They are prudent.  They are decisive.  To them, government support or opposition counts.  

Below, is a relatively small but -- to the greater Norman Wells area -- highly significant way in which an Aboriginally controlled government decision process has adversely affected economic strength, jobs and opportunities in their region.  

Contrast this with the gas sale agreement decision announced in Inuvik a few days ago.

-dh


CBC News.  Husky Energy has withdrawn its application to horizontally drill and frack up to four wells in the Sahtu region of the N.W.T.

In a short note to the Sahtu Land and Water Board, the company said it has decided to postpone drilling for two years. It had intended to start drilling this coming winter.

mi-gregor-harold-mcgregor

Gregor Harold McGregor, mayor of Norman Wells, N.W.T., says Husky's decision to withdraw its fracking application isn't good news for the region's economy. (CBC)

The decision is a disappointment for businesses in the region that were hoping to capitalize on the project.

"I'm in a state of shock at the moment," said Gregor McGregor, mayor of Norman Wells.

"I wasn't expecting it. It sure isn't good news for the area, for the region. The economy here is very fragile, I've said that many times. I guess we're about to find out just how fragile it is."

Husky's decision comes a week after the Sahtu Land and Water Board delayed making a decision on the project. The board wanted more information about the project.

Earlier this year, ConocoPhillips — the other big energy player in the region — announced it will not be drilling in the region next winter.

Categories:

5-24-14 Memorial Day Weekend

24 May 2014 9:40am

The Glory of Their Deeds

Chester Nimitz and William "Bull" Halsey are more familiar names, but the truth is neither one of them was as highly decorated as Eugene B. Fluckey.

Before Japan surrendered, "Lucky Fluckey," as he was known, received numerous medals including four Navy Crosses, the Distinguished Service Medal, the Legion of Merit, and the highest decoration of them all, the Medal of Honor.

As the commander of the U.S.S. Barb, Fluckey and his crew sank 29 vessels, including an aircraft carrier, while surviving an estimated 400 shells, bombs, and depth charges fired by the enemy.

Always innovative, he even conceived of a method for firing rockets from a submarine - and was the first to do so in anger off the coast of Japan in 1945.

His crew also led the only invasion of the Japanese mainland, as eight of his saboteurs blew up a 16-car train under the cover of darkness.

Through it all, not one member of Fluckey's crew ever received a Purple Heart.

As retired Capt. Max Duncan, a torpedo officer on the Barb, recalled, "He gave you a job, expected you to do it, and didn't micromanage."

Loved by his crew, Fluckey kept a secret stash of beer aboard the Barb, serving up cold ones every time an enemy ship went to the bottom.

"The beer didn't last too long," Captain Duncan remembered, "because we sank too many ships."

Sadly, like so many others of The Greatest Generation, time eventually caught up with Admiral Fluckey. He passed away in 2007 at the age of 93.

But before he passed, he left us with a few thoughts. Speaking before a new group of submariners, the Admiral said:

"Serve your country well. Put more into life than you expect to get out of it. Drive yourself and lead others. Make others feel good about themselves, they will outperform your expectations, and you will never lack for friends. On U.S.S Barb, our philosophy was, 'We don't have problems - just solutions.'"

Of course, Fluckey really was one of the lucky ones. He survived while so many others honored this Memorial Day made the ultimate sacrifice.

So as you ice down some cold beers of your own this weekend, remember the fate of the boys of Pointe du Hoc, the Ia Drang Valley, and so many other countless battlefields the world over.

To the living and the dead, we all owe a debt that can never be repaid.

From our entire staff, have a great Memorial Day!


Steve Christ, Editor
Oil and Energy Investor

5-23-14 Russia-China Gas Sale Impact On Alaska - Lower 48 - Canadian Exporters

23 May 2014 8:07am

CBC North.  The Town of Inuvik, Dome Church, Russian Orthodox, Canada, Northwest Territories, Yukon, Photo by Dave HarbourInuvik (NGP Photo, Inuvik Russian Orthodox Dome Church, Circa. 2003, and author) has announced it will renew its agreement with Inuvik Gas to distribute fuel to the town, but residents shouldn't expect lower gas bills, says the senior administrative officer.

The Pebble Partnership (PLP) filed suit against the Environmental Protection Agency (EPA) on Wednesday in the U.S. District Court for Alaska.

PLP asked the District Court to stop the EPA's move to pre-emptively veto the Pebble Project under Section 404(c) of the Clean Water Act.  

As we have written, if the EPA succeeds in this overreach, virtually all construction projects will come to be at risk of preemptive project vetos, putting a final nail in the coffin of Constitutionally guaranteed, "due process".  

Read the PLP filing here....  -dh


David Blackmon, CEA, EID, hydraulic fracturing, states rights, Photo by Dave HarbourReal "Energy Policy" Begins And Ends In The States. Forbes, EID’s David Blackmon (NGP Photo). The states are where the issue surrounding well-by-well disclosure of hydraulic fracturing fluid content has been addressed over the last 3 years.

Commentary: Huge Russian - Chinese Natural Gas Sale Agreement Could Impact World Markets and Alaska Project Feasibility

We urge readers to absorb yesterday's Bloomberg report on the Russia-China, $400 billion gas purchase arrangement, By Robert Tuttle, Anna Shiryaevskaya and Isis Almeida.  

(Also see World Energy News report and map and today's WSJ editorial.)  

Our readers are well aware that Asian market demand will be almost exponentially increasing over the next 20 years.  This owes to a growing Japanese appetite for natural gas in wake of the 2011 Fukushima Daiichi disaster, to growing industrial demand throughout the region, and to a trend of conversion from coal to gas fired electrical generation.

Energy Guardian's James Felker said today that the President's latest FERC appointment, Norman Bay, may be in trouble.


Here's how to see featured speakers of NARUC's upcoming meeting in Dallas:

•    Cheryl LaFleur, Acting Chair, Federal Energy Regulatory Commission
•    Mignon Clyburn, Commissioner, Federal Communications Commission
•    Lynn Good, President, CEO, Duke Energy
•    Susan Story, CEO, American Water Works Company
•    Mark McFarland, CEO, Luminant
•    Cynthia Quarterman, Administrator, Pipeline and Hazardous Materials Safety Administration


Mobile to host inaugural Gulf Coast Energy Forum June 5.

 
The inaugural Gulf Coast Energy Forum will be held Thursday, June 5 at the Renaissance Mobile Riverview Plaza Hotel, featuring U.S. Rep. Bradley Byrne as one of two keynote speakers. Patrick Sheehan, director of Florida's Office of Energy, will also address the assembly being hosted jointly by the Consumer Energy Alliance and the Partnership for Affordable Clean Energy. In addition, the event features an executive roundtable including utility leaders from Mississippi Power, Tennessee Valley Authority, PowerSouth, Alabama Power and South Mississippi Electric Power

Augmenting demand in Europe, will be the aftermath of a cold curtain of mistrust now trying to separate western European nations from Russian gas production.

The authors of the Bloomberg story point to the nearly half-trillion deal as a game changer for many reasons.  Read about those reasons in their report.

But from our crow's nest looking down at Alaska's potential Alaska North Slope (ANS) LNG export project we see the Russian-Chinese deal as increasing the need for the most competitive, cheapest supplies of imported gas.

The competition could grow as more gas is discovered and developed in the Arctic.  ExxonMobil's Imperial Oil, "...is assembling one of the most comprehensive oil and natural gas exploration programs in Canadian history," for Beaufort sea drilling, according to Gary Park's story in today's Petroleum News

Could Canadian arctic natural gas supplies eventually find their way into an Alaska gas export project, or will they compete with it, we wonder?  Since ExxonMobil owns about a third of Alaska's gas reserves, we would bet effort will be made to work together...as has been the history with the Arctic Gas project of the 1970s and later transportation schemes.  

Those who are most competitive should end up with long term contracts first.

Those who are less competitive are more likely to be late signers with marginal pricing, with some even continuing to be long term owners of their own gas -- or be reduced to selling it in spot markets.

Some could end up with stranded facilities, a risk to companies.  In Alaska's case, since it could be an equity owner of the project, it will be risking public funds and political reputations on the vagaries of the international gas market.  

At least, this could have the advantage of teaching governmental decision makers and citizens about the costs as well as the benefits of engaging in private market activity.

With the list of American and Canadian LNG project applications continuing to grow, one could envision the window of opportunity for sales of Alaska LNG to be diminishing, not improving, over the immediate term.

However, we defer to the investors who would certainly not let such an enormous project migrate from this early, pre engineering stage to a later open season without sufficient confidence that markets for Arctic gas do indeed exist.

On the other hand, if the current competitive gas export market continues to discriminate more and more against the most expensive player --  Alaska  -- it may lead ANS gas marketers to once again reassess the feasibility and changing metrics of value added petrochemical projects within the 49th state.  

After all, windows of opportunity do close and open, close again and open again.  

-dh

Categories:

5-22-14

22 May 2014 9:03am

Those who missed it may scroll down for yesterday's important report connecting the dots among those who would kill American energy independence.  -dh


WASHINGTON, D.C. – U.S. Sen. Lisa Murkowski, (NGP US Senator LiS Senator Lisa Murkowski, Organ Mountain, Photo by Dave HarbourPhoto), today questioned President Obama’s decision to use the Antiquities Act to lock up nearly 500,000 acres of public land in New Mexico despite bipartisan legislation moving through Congress to achieve similar goal of protecting the Organ Mountain area.   (Scroll down for House Member Doc Hastings' reaction yesterday to the President's Organ Mountain action....  -dh)

“The president’s willingness to designate a national monument of this size, despite ongoing efforts in Congress and significant local opposition sets an ominous precedent.” Murkowski said. “And if he is comfortable making his largest national monument with the opposition of local representatives, what does that mean for the rest of us? Today, the concerns of New Mexico lawmakers are being ignored. Tomorrow, maybe it’s someone else.” 

The president’s decision contradicts recent statements by Department of Interior Secretary Sally Jewell that her agency would not pursue federal land protection designations in places where there was significant local opposition. 

“The fact that this administration says one thing but does another when it comes to management of public lands should concern everyone who lives in Alaska and the West,” Murkowski said. 

President Obama’s proclamation will designate 496,000 acres in New Mexico as a national monument. Rep. Steven Pearce, R-N.M., whose congressional district covers the region, has objected to the use of the Antiquities Act to create such a large monument. Pearce has legislation to protect the essential elements of the Organ Mountain areas, which, unlike the president’s designation, has widespread local support, including that of New Mexico Gov. Susana Martinez. 

Rep. Rob Bishop, R-Utah, has written a letter to the president warning that the proposed national monument could impede the ability of law enforcement to deal with drug trafficking and other criminal activity along the U.S.-Mexico border.


Policies that raise energy costs limit economic growth
Limiting the availability and raising the cost of energy can hurt Canada’s overall economy and weaken future growth, concludes Energy Abundance and Economic Growth. Read more


Canadian oil can make the world a safer place (Calgary Herald, Toronto Sun and Edmonton Journal, May 14) by Mark Milke


Today's Houston Chronicle Energy News:

Bullet Item

TransCanada explores oil by rail as Keystone XL process drags

Bullet Item

Marathon Petroleum buys Hess retail for $2.87 billion

Bullet Item

Russia-China deal risks damping LNG prices

Bullet Item

Obama divides power players with pollution rule utilities accept

Bullet Item

Putin’s China gas deal risks lower returns for Gazprom

Bullet Item

Service companies extend $2 billion loan to Venezuela

Bullet Item

Estimate of recoverable Monterey Shale oil slashed

Bullet Item

Exxon and Linn to swap assets

Bullet Item

BP asks appeals court to keep blocking payouts to businesses

Bullet Item

BP investors win bid to form class in oil spill lawsuit

Syndicate content