Friday Fear-mongering from Cook Inlet Keeper and the UN. Saudi Arabia in the Arctic?

When you don’t have a good argument for your cause – what do you do? Create a bogeyman, add some “experts” and try to scare people into believing the bogeyman is going to get them.

 

58 retired biologists who haven’t worked in the system for 15-40 years aren’t experts. The scientists, biologists and regulators who are currently working in the system say the current program works and that the proposed ballot initiative isn’t good and won’t work.

 

That’s why so many Alaskans are voting NO on 1!

 

Alaska takes center stage at international Arctic Circle Assembly
Leroy Polk, KTUU, October 19, 2018

Although Alaska is part of the United States, it is also among the few regions which inhabit the Arctic circle. To that end, Alaskan ambassadors are also world ambassadors when meeting with those other Arctic countries. At a symposium in Reykjavik, Iceland, Alaska senior Senator Lisa Murkowski spoke on the impact of Alaska to the Arctic region, as well as what she sees as the role of Alaskans in a broader sense as we fit in with the international community. “It is an honor to have Alaska spotlighted during this year’s event,” Murkowski said. “From energy innovation to community adaptation and scientific research, Alaskans are leading the way and looking to collaborate with international partners.” The conference, titled the 2018 Arctic Circle Assembly, brings Arctic region officials together each year to focus on topics relevant to those countries. This year’s showcase was described as America’s Arctic, also known as the state of Alaska.

Is Saudi Arabia About To Enter The Arctic Gas Game?
Tim Daiss, OilPrice.Com, October 18, 2018

Now that global oil markets have gotten used to Saudi-Russian oil production cooperation that first hit the scene in early 2017 in an effort to reign in global price concerns, it now appears that the two fledgling allies are also going to cooperate in the liquefied natural gas (LNG) sector. And this time too, it looks as if the alliance could take aim at U.S. energy ambitions. The kingdom’s media savvy energy minister Khalid Al-Falih said at the India Energy Forum in Delhi on Monday that Saudi state-owned Saudi Aramco is open to the idea of marketing some of the LNG from the proposed Russian Arctic LNG 2.

Regulators air draft plan to increase bonding amounts for new oil wells
Elwood Brehmer, Alaska Journal of Commerce, October 18, 2018

State regulators heard mixed reaction from oil industry representatives about proposed increases to bonding requirements for drilling new wells. The Alaska Oil and Gas Conservation Commission held a public hearing Tuesday in Anchorage on the draft regulations, which would demand up to a $30 million bond be posted to drill and operate the largest oil fields. The AOGCC oversees the technical down hole oil and gas drilling and resource issues for the state.

Our Take: Headlamp shares AOGA’s concerns “Regulatory and Legal Manager Peter Caltagirone said the bonding rate changes would be unprecedented; he noted they amount to a 150 percent increase for drilling two wells, a 50-fold increase for 100 wells and a 6,500 percent increase for 500 wells. ‘The proposed changes discourage new investment at a time when Alaska could use some new investment,’ Caltagirone said, adding they would require new producers to comply immediately.

From the Washington Examiner’s Daily on Energy:

MEANWHILE…A REPORT FUNDED BY SHELL AND TRUMP’S ENERGY DEPARTMENT LOOKS AT CLIMATE SOLUTIONS: The National Academies of Science issued a report Thursday that says 10 percent of all carbon pollution can be captured and turned into usable products by the middle of the century.

Carbon utilization is the answer: The report concludes that, in addition to cleaner energy sources, one way to limit emissions would be “capturing greenhouse gases and either sequestering them or finding productive uses for them” — referred to by the Energy Department’s Perry as “carbon utilization.”

Over 10 percent of CO2: “Previous assessments have concluded that roughly 3.6 billion tons of carbon dioxide per year – more than 10 percent of current global carbon dioxide emissions – could feasibly be utilized within the next several decades if certain technological advancements are achieved,” reads the report.

The report follows the U.N.’s latest assessment that the world needs to move to an economy that is carbon-neutral by 2050 or risk the catastrophic consequences of climate change. Carbon utilization could make the U.S. and other countries net-zero producers of emissions by producing as much as they capture and use. The report calls the idea the “circular carbon economy.”

Our Take: As Headlamp has said before, and will continue to say, meaningful climate solutions won’t come from participation in the Paris Accord, won’t come from the U.N. ‘s fear-mongering assessment and won’t come from environmental groups demanding the end of fossil fuels. Climate solutions are coming from and will continue to come from the private sector.