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2017-11-14 17:50:00

CRITICALLY IMPORTANT ALASKA

CRITICALLY IMPORTANT ALASKA

 

 

API - API welcomed legislation that would allow for safe and responsible natural gas and oil development in a small non-wilderness portion of Alaska's Arctic National Wildlife Refuge (ANWR). The legislation was released by the Senate Energy and Natural Resources Committee to be included as part of the budget reconciliation bill.

"Safe and environmentally responsible energy development in the ANWR coastal plain holds great promise for our nation's energy security and competitiveness throughout the world," said API Upstream Director Erik Milito. "We commend Charmain Murkowski for her leadership on this important issue and look forward to working with Congress and the administration to continue harnessing our nation's energy potential to benefit American consumers.

"Developing our resources in ANWR is supported by strong majorities of Alaskans, and would generate jobs, government revenue, and spur economic growth. The natural gas and oil industry has the technology and expertise, along with decades of experience, to safely develop our energy resources in the Arctic while protecting the surrounding environment. Responsible access to ANWR is also in our national security interest, with other nations like Russia, Canada and Norway already actively exploring the Arctic region.

"Studies have shown the ANWR coastal plain holds the largest undeveloped conventional oil resources to be found in the U.S., and projections show that increased production over the long-term is exactly what we need to meet domestic and global demand. With eighty percent of U.S. voters supporting increased domestic oil and natural gas production, we should embrace our nation's abundant energy resources and continue advancing the U.S. as a global energy leader."

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Earlier:

U.S. - CHINA LNG
2017, November, 9, 13:35:00

U.S. - CHINA LNG

China’s top state oil major Sinopec, one of the country’s top banks and its sovereign wealth fund have agreed to help develop Alaska’s liquefied natural gas sector as part of U.S. President Donald Trump’s visit, the U.S. government said on Thursday. The agreement will involve investment of up to $43 billion, create up to 12,000 U.S. jobs during construction, reduce the trade deficit between the United States and Asia by $10 billion a year, and give China clean energy.

 

 ALASKA LNG: LEAST COMPETITIVE
2016, August, 30, 18:40:00

ALASKA LNG: LEAST COMPETITIVE

“The Alaska LNG project is one of the least competitive on a cost of supply basis compared with other”

 

 

 STATOIL LEAVES ALASKA
2015, November, 19, 19:30:00

STATOIL LEAVES ALASKA

Statoil ASA announced that it will vacate leases it holds in the Chukchi Sea off Alaska and close its office in Anchorage because they are no longer competitive. Its Nov. 17 action came after Shell Offshore Co. made a similar move with its Alaska federal offshore leases for the same reason.

 

 ARCTIC EXPLORATION’S RISK
2015, April, 4, 13:10:00

ARCTIC EXPLORATION’S RISK

Arctic exploration is worth the risk. Exxon has decades of experience working in that part of the world, including successful projects in Russia — but also a catastrophic oil spill in Alaska’s Prince William Sound when the Exxon Valdez oil tanker ran aground in 1989.

 

 ALASKA: CUT IN HALF
2014, August, 29, 17:45:00

ALASKA: CUT IN HALF

Alaska Lures Back Big Oil With Big Tax Breaks

 

 

 ALASKA LNG
2014, July, 22, 17:45:00

ALASKA LNG

Alaska LNG project partners file export application with DOE

 

 

 BP SALES ALASKA
2014, April, 24, 18:55:00

BP SALES ALASKA

BP agrees to sale of interests in four Alaska North Slope assets

Tags: USA, ALASKA, OIL, GAS

Chronicle:

CRITICALLY IMPORTANT ALASKA
2018, June, 18, 14:00:00

U.S. IS BETTER

IMF - Within the next few years, the U.S. economy is expected to enter its longest expansion in recorded history. The Tax Cuts and Jobs Act and the approved increase in spending are providing a significant boost to the economy. We forecast growth of close to 3 percent this year but falling from that level over the medium-term. In my discussions with Secretary Mnuchin he was clear that he regards our medium-term outlook as too pessimistic. Frankly, I hope he is right. That would be good for both the U.S. and the world economy.

CRITICALLY IMPORTANT ALASKA
2018, June, 18, 13:55:00

U.S. ECONOMY UP

IMF - The near-term outlook for the U.S. economy is one of strong growth and job creation. Unemployment is already near levels not seen since the late 1960s and growth is set to accelerate, aided by a near-term fiscal stimulus, a welcome recovery of private investment, and supportive financial conditions. These positive outturns have supported, and been reinforced by, a favorable external environment with a broad-based pick up in global activity. Next year, the U.S. economy is expected to mark the longest expansion in its recorded history. The balance of evidence suggests that the U.S. economy is beyond full employment.

CRITICALLY IMPORTANT ALASKA
2018, June, 18, 13:50:00

U.S. INDUSTRIAL PRODUCTION DOWN 0.1%

U.S. FRB - Industrial production edged down 0.1 percent in May after rising 0.9 percent in April. Manufacturing production fell 0.7 percent in May, largely because truck assemblies were disrupted by a major fire at a parts supplier. Excluding motor vehicles and parts, factory output moved down 0.2 percent. The index for mining rose 1.8 percent, its fourth consecutive month of growth; the output of utilities moved up 1.1 percent. At 107.3 percent of its 2012 average, total industrial production was 3.5 percent higher in May than it was a year earlier. Capacity utilization for the industrial sector decreased 0.2 percentage point in May to 77.9 percent, a rate that is 1.9 percentage points below its long-run (1972–2017) average.

CRITICALLY IMPORTANT ALASKA
2018, June, 18, 13:45:00

SOUTH AFRICA: NO BENEFITS

IMF - South Africa’s potential is significant, yet growth over the past five years has not benefitted from the global recovery. The economy is globally positioned, sophisticated, and diversified, and several sectors—agribusiness, mining, manufacturing, and services—have capacity for expansion. Combined with strong institutions and a young workforce, opportunities are vast. However, several constraints have held growth back. Policy uncertainty and a regulatory environment not conducive to private investment have resulted in GDP growth rates that have not kept up with those of population growth, reducing income per capita, and hurting disproportionately the poor.

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