Friday’s Fast Five

Headlamp wants our followers to always be up to date with the developments in Alaska’s economy, politics, and industry. Check out this week’s rundown of the stories affecting you.

Top Story of the Week

This week, the Alaska Legislature passed a compromised version of the state’s operating budget. The budget addressed a number of issues that were important to minority House Democrats. Support from the minority was needed in the House to access a reserve fund to help cover an estimated $3.3 billion hole for the coming fiscal year.

Top Reads of the Week

REI announces move to FEED for Cook Inlet gas project
Alaska Journal of Commerce, Elwood Brehemr, June 1, 2016
Plans for a small-scale natural gas liquefaction and export facility at Port MacKenzie continue to move ahead despite current market challenges.

Analyst: Alaska in a bind on taxes, LNG
Alaska Journal of Commerce, Elwood Brehmer, June 1, 2016
A leading international energy analyst did not paint a rosy picture for Alaska in a May 26 presentation to the state Oil and Gas Competitiveness Review Board.

Murkowski’s energy bill lurches forward
Alaska Dispatch News, Erica Martinson, May 29, 2016
The first major energy legislation in a decade moved a few steps closer to becoming law after House action this week, but Alaska Sen. Lisa Murkowski will still have to convince lawmakers to compromise on a host of provisions that have drawn veto threats from the White House.

Quote of the Week

“I guess he decided it was his turn to stand up and go to bat. So, game on.”Sen. Cathy Giessel, R-Anchorage