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Obama's War on Coal closes mines, kllls job and damages the middle class

Morning Headlamp, Sept. 12


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Love jobs but hate the employer seems to be the theme for Obama's war on coal. 85,000 jobs lost, 400 mines closed.  Alaska has 19% of the world's coal and has responsibly developed the coal for generations. For our readers who are interested in learning more about Alaska's abundant coal resources we encourage you to check out Usibelli Coal Mine's website to see how they are safely developing coal and positively impacting Alaska.

 

This week the Arctic Energy Center, a pro-drilling coalition that includes the Independent Petroleum Association of America and the Alaska Chamber of Commerce, says it will run television ads in the Washington, D.C., area to remind the president of the economic importance of oil and gas drilling on the Alaska economy. A letter signed by 15 retired military commanders, along with William Cohen, secretary of defense under President Bill Clinton – which the Arctic Energy Center says it will run in print publications and online – argues that Russia has already amassed a superior position in the Arctic while the U.S. position is weakening. "Quite aside from the skewed logic of arguing that companies will never again be interested in developing the Arctic based on today's commodity price, the idea that we're not interested in the Arctic simply isn't true," Jeff Eshelman, senior vice president for operations and public affairs at the Independent Petroleum Association of America. The Alliance will appear in the television ads run by the Arctic Energy Center. 

 

Kara Moriarty, president and CEO of the Alaska Oil and Gas Association, called on Obama to consider how Alaska would be affected by a decision to exclude Arctic drilling from his upcoming five-year plan.

"I can't stress this enough," Moriarty said in a statement. "Taking lease sales off the table now sends a clear message that the federal government is hanging a 'closed for business' sign on our state, at a time when we are already facing huge budgetary challenges" due to the low price of oil.

 

Field of dreams. A newly discovered oil field, about 150 miles southeast of Barrow along the Colville River, and located between ConocoPhillips' Alpine and Kuparuk River fields, could produce at least 120,000 barrels of oil daily, according to estimates and data verified by a top engineering firm. The discovery is significant because it shows that in addition to Nanushuk's high-quality sandstone reservoir — containing the pores and spaces that hold oil — shale in the formation seals off the oil and prevents it from migrating to the surface. Though the formation extends south to the Brooks Range, its greatest potential for an oil and gas discovery appears to be in the north, said David Houseknecht, project chief for the U.S. Geological Survey's Energy Resources Program for Alaska. The Nanushuk discovery could be a potential "game-changer" for Alaska if it turns out to be as big as or bigger than expected, boosting oil production and state revenue significantly if it can be developed, Houseknecht said. Armstrong has purchased a greater stake, buying out a portion of Repsol's interest to become the majority owner, while Repsol continues to hold 49 percent. While Armstrong may pursue other partners because of the high costs of development, Armstrong said his company wants a bigger role this time. Headlamp applauds Armstrong for their efforts in pursuing this project at low oil prices and with the instability in Alaska's tax credit system. The Walker Administration should be doing everything they can to encourage this project. 

 

According to the Wall Street Journal, Democratic presidential candidate Hillary Clinton has raised significantly more money than Donald Trump in the heart of the Republican fundraising territory—the oil and gas industry. Individuals who work for oil and natural-gas companies donated $149,000 to Mr. Trump's GOP campaign through July 30, the end of the most recent fundraising period, compared with $525,000 to Mrs. Clinton.

 

The Alaska Railroad Corp. this month will become the first railroad in the U.S. to ship liquefied natural gas. Hitachi High-Tech AW Cryo, created in 2014 to manufacture and sell LNG tanks, will let the railroad use the containers for free to promote them in Alaska and elsewhere, an official with the company said.

 

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First Reads

Overlooked North Slope formation may hold 120,000-barrel-per-day secret
Alaska Dispatch News, Alex DeMarban, September 11, 2016

Oil industry presses Obama on Arctic drilling
Fuel Fix, James Osborne, September 12, 2016

Obama Kept His Promise, 83,000 Coal Jobs Lost And 400 Mines Shuttered
The Daily Caller, Andrew Follett, September 5, 2016

Alaska Railroad to become first in U.S. to haul liquefied natural gas 
Alaska Dispatch News, Alex DeMarban, September 10, 2016

Hillary Clinton Raises More Than Donald Trump From Oil Industry
Wall Street Journal, Amy Harder, September 6, 2016

AK Headlamp
A project of the Alaska Support Industry Alliance
3301 C Street
Anchorage, AK 99503

 

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