Morning Headlamp – More money being invested in energy; will Alaska see any?

$40B for energy in the first three months. Bank lending that nourished drillers in the nation’s first surge of shale oil has picked up again as oil prices and profits recover, but is likely to remain well below the go-go days of the last boom even as hundreds of drilling rigs and thousands of workers pour into West Texas and Oklahoma. Headlamp would like to think Alaska could stay competitive enough to have some of these funds flow our direction.

Zinke defends Trump’s Budget. Members of a House Appropriations Committee subcommittee raised a handful of complaints about the $10.6 billion budget request for the Interior Department. The budget proposal is $1.6 billion, or 13 percent, lower than current levels, and it slashes funding from programs members said Thursday they support. Among the items of concern, the President’s interest in opening ANWR.

Gov. Walker’s Administration Tells Alaskans What to Expect in a State Government Shutdown. If Legislature fails to halt a state government shutdown on July 1, then the 2.5 million salmon housed at state hatcheries, Alaska ferries and the Division of Motor vehicles would likely be among the principle casualties, according to the latest released on Thursday by Gov. Walker’s administration. Though three weeks away, conversations are underway on state budget deals and broader fiscal strategies to remedy Alaska’s $2.5 billion deficit.

State Shutdown Would Affect Every Man, Woman and Child in Alaska – Including the Dead. Should lawmakers fail to pass a budget July 1, then “Alaska’s impending government shutdown will have a tsunami of effects across the state, government leaders said on Thursday, with implications for every man, woman and child in the state.”

Gov. Walker’s “Compromise” Offer Moves State Lawmakers No Closer to Budget Deal. After Gov. Walker’s efforts to forge a financial deal fell flat, Alaska legislators are working hard ahead of the looming threat of government shutdown in three weeks. However, three weeks into Walker’s special session, “lawmakers have made almost zero progress in public on the state budget and a broader fiscal plan.”

10 Ways a State Government Shutdown Would Impact Alaskans. There are ranging impacts that a State government shutdown could have on Alaskans, across what Gov. Bill Walker has emphasized on “life, health and safety.” The economic impacts are variegated, but the fisheries would be significantly impacted and the “economic impacts of a complete shutdown would be devastating for countless fishing towns and commercial fishermen, and the countless people across the state who rely on salmon to get through the winter may not legally be allowed to fish.” The Department of Natural Resources would also need to curtail several operations, including state park functions and DNR authorizations.

Shutdown Puts Salmon Fisheries at Risk. Alaskan state policies threaten to derail a multimillion dollar fisheries industry. If the government shuts down on July 1, then the salmon hatcheries, ADF&G’s response to wildlife encounters, issuance of drawing and subsistence permits, operations of emergency resource conservation situations, and general commercial salmon harvest would be negatively impacted.

Reality Deniers. Alaska’s employment and economy are ranked “dead last” in the U.S. and “oil prices were the trigger.” Legislature in Alaska has fluctuated recently between those advocating relative “reality in denial” and those who “realized that to continue the same course of only budget cuts was insanity.”

First Reads

Adjusting to smaller role, banks lending again to U.S. drillers

Houston Chronicle, Collin Eaton, June 8, 2017

Lawmakers take aim at Trump’s Interior budget

The Hill, Devin Henry, June 8, 2017

Gov. Walker’s Administration Tells Alaskans What to Expect in a State Government Shutdown

Alaska Dispatch News, June 9, 2017

State Shutdown Would Affect Every Man, Woman and Child in Alaska – Including the Dead

Juneau Empire, June 8, 2017

Gov. Walker’s “Compromise” Offer Moves State Lawmakers No Closer to Budget Deal

Alaska Dispatch News, June 8, 2017

10 Ways a State Government Shutdown Would Impact Alaskans

KTUU, June 8, 2017

Shutdown Puts Salmon Fisheries at Risk

Juneau Empire, June 8, 2017

Reality Deniers

Daily News-Mine, June 9, 2017