By Editor, on April 18th, 2012  by Andrew Halcro
JUNEAU–As the Alaska State Legislature begins a special session today on oil tax reform, things are a little chilly in the Capitol. Between the House, the Governor and the Senate, there are more ill feelings than in all of Bartlett Memorial.
The biggest sticking point of the two year battle over oil tax reform has been the debate over the legacy fields on the North Slope. While the Governor and the House want to include these fields in tax reform, the Senate has balked thus creating a show down.
Read Andrew Halcro’s full opinion piece at andrewhalcro.com.
By Editor, on April 6th, 2012 ALASKA DISPATCH
The Mackenzie Valley Pipeline, an energy megaproject in Canada’s North that has been proposed and debated for decades, is on hold again.
The 743-mile line would have transported natural gas from the Beaufort Sea to North American markets. Low natural gas prices forced the halt of the $16.2 billion project.
ConocoPhillips said Thursday that the five partners in the energy-development consortium have suspended funding for the project, which would have transported up to 1.2 billion cubic feet of natural gas a day.
Read full article in the Alaska Dispatch.
By Editor, on April 1st, 2012 by Dermot Cole | FAIRBANKS DAILY NEWS-MINER
FAIRBANKS — The Wall Street Journal put a overoptimistic spin on the Point Thomson announcement Friday by Gov. Sean Parnell and the letter from three oil companies, claiming it “clears the way” for a natural gas pipeline.
However, the letter about natural gas signed by the chief executives of ExxonMobil, ConocoPhillips and BP makes no commitments.
Read full article in the Fairbanks Daily News-Miner.
By Editor, on March 31st, 2012 PRESS RELEASE
ANCHORAGE–ExxonMobil, ConocoPhillips, BP and TransCanada, through its participation in the Alaska Pipeline Project, announced today that they are working together on the next generation of resource development in Alaska.
The four companies have agreed on a work plan aimed at commercializing North Slope natural gas resources within an Alaska Gasline Inducement Act (AGIA) framework. Because of a rapidly evolving global market, large-scale liquefied natural gas (LNG) exports from south-central Alaska will be assessed as an alternative to a natural gas pipeline through Alberta.
Read more->
By Roger Maynard, on February 4th, 2012 By Andrew Halcro
One of the bedrock arguments proffered by critics who oppose reforming oil taxes is that compared to other oil producing regions, Alaska is right in the middle. This is false.
Read full opinion at andyhalcro.com.
By Editor, on February 3rd, 2012 PUBLIC NOTICE
HAINES BOROUGH ASSEMBLY SPECIAL MEETING NOTIFICATION
Location: Borough Assembly Chambers, February 3, 2012 at 1:15 pm
PURPOSE: Consider Resolution 12-02-330 Declaring a disaster and requesting state assistance.
According to the agenda, “The slump in the Oceanview Drive/Lutak Road area continues to move and has breached the sewer line. It is anticipated that the area will continue to move and destroy public facilities. The manager has deemed it necessary to declare a disaster and request state assistance at this time.”
The Haines Alaska News will post more information as it becomes available; readers can also check the Haines Borough Website for updates.
By Roger Maynard, on January 28th, 2012 By Becky Bohrer | ADN
JUNEAU — Alaska’s revenue commissioner doesn’t anticipate a repeat of 2010, when Gov. Sean Parnell vetoed a measure that would have changed the state’s system of taxing oil and gas production together.
Bryan Butcher told the Senate Finance Committee he’s thinks Revenue can work with lawmakers to develop a plan that’s agreeable to both sides.
Read the full story in the Anchorage Daily News.
By Editor, on January 27th, 2012 Alex DeMarban | ALASKA DISPATCH
Alaska Senate President Gary Stevens said Thursday that the Senate will soon hold a hearing on its own oil-tax reform bill, essentially declaring dead House Bill 110, legislation passed last year by the state House and fervently backed by Gov. Sean Parnell.
Read full story in the Alaska Dispatch.
By Editor, on January 26th, 2012 The Heritage Foundation
President Obama’s State of the Union address laid out his long-term economic recovery plans, which he claims will “work for everyone, not just a wealthy few.” That is, unless it is the pipeline construction business. President Obama’s politically intoned decision to reject TransCanada’s permit application to construct a 1,700-mile pipeline from Alberta, Canada, to Texas refineries last week sent a clear message that special-interest demands are more important than more energy and much-needed job creation.
Read full opinion piece at the heritage.org.
By Editor, on January 25th, 2012 By Becky Bohrer | AP
JUNEAU–Some Alaska lawmakers, hoping to make a point about federal encroachment on state rights, are urging the federal government take over New York City’s Central Park and designate it as a wilderness area.
Read more in the Anchorage Daily News.
By Editor, on January 19th, 2012 By Mary Pemberton | AP
A Russian tanker Wednesday was nearly finished pumping fuel to the iced-in city of Nome, having sent more than half of the 1.3 million gallons of diesel and gasoline through two hoses snaking across the ice.
The remote Western Alaska coastal city has been anticipating its winter fuel delivery since November when a powerful storm prevented the delivery by barge. The tanker left Russia in mid-December and pushed through miles of ice to begin the high-stakes delivery on Monday.
Read full story in the Anchorage Daily News.
By Editor, on January 19th, 2012 By Amanda Coyne | ALASKA DISPATCH
In a wide-ranging State of the State address Wednesday night, Alaska Gov. Sean Parnell told Alaskans that much of the future of this state will be determined by the actions of legislators in the upcoming session.
Read full story in the Alaska Dispatch.
By Editor, on January 9th, 2012
By Editor, on January 4th, 2012 by Jeff Richardson | FAIRBANKS DAILY NEWS-MINER
FAIRBANKS—Gasoline prices in the $4-per-gallon range may be uncomfortably high for many Fairbanks residents, but Doug Reynolds believes prices in the years ahead could make these seem like the good old days.
Reynolds, a professor of oil and energy economics at the University of Alaska Fairbanks, said he sees oil prices soaring in the next five to 10 years, “easily” reaching $200 per barrel or more.
That increase, roughly double the current price of oil, would translate into gasoline in the $5 to $10 range at the pump, he said.
Read full story in the Fairbanks Daily News-Miner.
By Editor, on December 31st, 2011 By Andrew Halcro
JUNEAU–According to the Alaska Department of Revenue, the state will depend on oil & gas revenues to fund 92% of state spending this coming fiscal year. With increasing government costs and decreasing oil production, Alaska’s economic engine needs an overhaul.
In 2007, just weeks after successfully pushing through the largest tax increase on the oil & gas industry in the state’s history (ACES), the Palin administration proudly predicted that oil production would be 675,000 barrels per day in 2011. The actual production number turned out to be 603,000 barrels per day.
In fact, according to the optimistic projections after the tax increase was adopted, the Palin administration didn’t forecast Alaska’s daily oil production would drop to current day levels until 2022.
Looks like we arrived at their projected decline destination ten years early.
Read Halcro’s full editorial opinion at AndrewHalcro.com
By Editor, on December 30th, 2011 by Jeff Richardson | FAIRBANKS DAILY NEWS-MINER
FAIRBANKS — Filing for an Alaska Permanent Fund dividend check is a happy ritual for most Alaskans, but this year some residents have been a little too eager to get their paperwork in the mail.
The Alaska Department of Revenue has received hundreds of applications this week for the 2012 PFD and expects as many as 1,000 could arrive in Juneau by the end of the year.
That prompt attention comes with a drawback: Applications aren’t valid unless they’re signed and delivered after Jan. 1.
Read more: Fairbanks Daily News-Miner – Mailing glitch results in early PFD filings
By Editor, on December 29th, 2011 By Diane Cardwell and Rick Gladstone | NY TIMES
The United States economy managed to cope this year despite triple-digit prices for barrels of oil. The lessons may come in handy, economists say, because those prices will probably be sticking around.
With Iran threatening to cut off about a fifth of the world’s oil supply by closing the Strait of Hormuz and unrest in Iraq endangering the ability to increase production there, financial analysts say prices for two important oil benchmarks will average from $100 a barrel to $120 a barrel in 2012.
Read full article in the New York Times.
By Editor, on December 12th, 2011  Mia Bennett | ALASKA DISPATCH
The U.S. Congressional Subcommittee on Coast Guard and Maritime Transportation, part of the Transportation and Infrastructure Committee, held a hearing earlier this month on U.S. Coast Guard operations in the Arctic. The chief topic of concern was icebreakers. As I reported back in February, the U.S. will be without heavy icebreakers for at least two years.
Read full article in the Alaska Dispatch.
By Editor, on November 19th, 2011  Sen. Mark Begich Press release:
Permanently banning responsible development of the enormous energy resources beneath Alaska’s Arctic National Wildlife Refuge (ANWR) takes billions of dollars out of the economy, costs Americans sorely-needed jobs and contributes to higher prices to heat their homes and gas up their cars, says U.S. Sen. Mark Begich. Read more->
By Editor, on November 11th, 2011 Press release
WASHINGTON, D.C.–Today, House Natural Resources Committee Chairman Doc Hastings (WA-04) and Rep. Don Young (AK-at large) announced plans to introduce the Alaskan Energy for American Jobs Act to open the Arctic National Wildlife Refuge (ANWR) for future energy production and job creation. Read more->
By Editor, on October 10th, 2011 by Dermot Cole | FAIRBANKS DAILY NEWS-MINER
The chances of getting moving on a major pipeline project in Alaska over the next decade for natural gas exports are close to zero, according to Pedro Van Meurs, unless the state does something dramatic.
Even then, the odds are not good. Getting buyers in Asia or anywhere else to buy 3 billion cubic feet of gas per day for the long term is a daunting challenge when the prospect of cheaper alternatives creates a desire by buyers for deals that don’t lock them in for decades.
His summary of the Arctic oil and gas fiscal systems in the report purchased by the Legislature says the state could improve the economics of a gas line by lowering the government take on a gas project.
Read full article in the Fairbanks Daily News-Miner.
By Editor, on October 10th, 2011  Kitimat LNG site, Globe & Mail photo David Ebner and Nathan Vanderklippe | THE GLOBE AND MAIL
KITIMAT, B.C., CALGARY—At a time when battles over environmental concerns threaten to slow down or derail major Canadian oil sands export projects such as TransCanada’s Keystone XL pipeline and Enbridge’s Northern Gateway pipeline, the vision to ship liquefied natural gas to Asia is quietly speeding toward reality.
The gas export plan could mean higher domestic energy prices for residential and industrial customers in the future and would crank up Canada’s greenhouse gas emissions. Yet there has been barely a ripple of protest and nobody risking arrest on Parliament Hill or on the doorstep of the White House.
Read more in The Globe and Mail.
By Editor, on September 12th, 2011  Sen. Lisa Murkowski (R) WASHINGTON, D.C. – Senator Lisa Murkowski will be a leader of the new bipartisan Senate Oceans Caucus when it assembles for the first time tomorrow, with the remaining co-chairs to be named at the event. “It’s an honor to be a leader of this caucus, on behalf of the only state bordering two oceans,” said Senator Murkowski. “The oceans are more than beautiful and important natural gifts, they are our farms, our factories of growth – and our future.” Read more->
By Editor, on September 3rd, 2011 Alan Bailey | PETROLEUM NEWS
ANCHORAGE–Much has been said and written about the causes and consequences of the 2010 Deepwater Horizon disaster in the Gulf of Mexico, and about the scramble to respond to an oil spill that no one appeared adequately prepared to deal with. However, the U.S. Coast Guard’s incident report, known as the Incident Specific Preparedness Review, or ISPR, provides some fascinating insights into lessons learned from how the response was conducted, and how those lessons might be applied to planning for some future oil spill contingency.
Read more in the Petroleum News.
By Editor, on August 20th, 2011 Wesley Loy | PETROLEUM NEWS
WASH D.C.–The federal rollout of a draft management plan that could lead to huge new sections of the Arctic National Wildlife Refuge being designated “wilderness,” including the potentially oil-rich coastal plain, drew immediate disdain from top Alaska politicians.
Read more online in the Petroleum News.
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| Nate Beeler
The Columbus Dispatch
May 16, 2012
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Lynn Canal Map & Marine Traffic (refresh for current ship positions)
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editor@hainesnews.net
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