Q & A with Governor Walker
Victoria Petersen, The Peninsula Clarion, October 16, 2018
The Kenai Peninsula’s economy has long been dependent on oil and gas. What will you do to boost the economy on the Kenai Peninsula beyond oil and gas? Well, beyond oil and gas, certainly agriculture. The blue economy. We have oyster farms. We have kelp salsa now made in Alaska. We have kelp beer now. I had some kelp beer in Kodiak. We need to be using and looking at all of our resources across the state, not just oil and gas. However, we’re still going to be a resource state. There’s no doubt about that. The largest project is on track to come to Kenai.
Our Take: Headlamp questions the Governor’s assertion that a state moving forward without the LNG project will have a drastically different financial outlook. The last numbers to be thrown around had the state receiving about $250 million from a $45 billion project. Alaskans want a commercially viable project and access to a reliable, affordable source of gas – not hyperbole about what the project will mean to Alaska financially.
In a crowded field of potential LNG suppliers to China, an Arctic Alaska project could still have some advantages
Yereth Rosen, Arctic Today, October 18, 2018
Our Take: Written and verbal endorsements do not finance or build pipelines.
ExxonMobil signs China LNG deal
Reuters, October 18, 2018
ExxonMobil has signed a framework agreement to supply liquefied natural gas to Zhejiang Provincial Energy Group, a senior executive said on Thursday, marking Zhejiang Energy’s first long-term supply deal. The company said in a statement the deal is for 20 years. Peter Clarke, president of ExxonMobil gas and power marketing, was speaking at the International Petroleum & Natural Gas Enterprise conference at Zhoushan, near Shanghai. ExxonMobil is stepping up its efforts to meet soaring LNG demand, coupling multi-billion-dollar production projects around the world with its first mainland storage and distribution outlet.
U.S. states opposed to offshore drilling find hope in Zinke’s words
Nichola Groom, Timothy Gardner, Reuters, October 17, 2018
Interior Secretary Ryan Zinke has hinted to at least six coastal states that he will keep their waters out of a looming plan to expand U.S. offshore drilling, telling some they lack enough oil to be included anyway, according to state officials and transcripts from public hearings. Zinke’s comments are the clearest indication to date that the Trump administration’s initial proposal to open nearly all U.S. waters to drilling, announced in January, will be significantly pared back by the time it is finalized. The proposal is expected later this year.
Our Take: Alaska is NOT on the list of those who want to be excluded.
Here’s what’s ahead for nickel, copper, lithium and cobalt prices
Reuben Adams, Stockhead, October 16, 2018
Escalating global trade tensions have helped drive down metal prices in the second half of the year – but the outlook isn’t all bad, according to leading analysts. Despite precipitous price falls in many base and battery metals, year-to-date price averages are still higher than last year, according to Wood Mackenzie experts at last week’s LME Week event in London. Nickel has been this year’s best performer, with average prices to the end of September 36 per cent higher compared with the same period in 2017. Copper prices were up 12 per cent, zinc up 9 per cent, and lead up 3 per cent year-on year.
Trump administration asks high court to halt climate change case
Lawrence Hurley, Reuters, October 18, 2018
President Donald Trump’s administration on Thursday for a second time asked the U.S. Supreme Court to put the brakes on a lawsuit filed by young activists who have accused the U.S. government of ignoring the perils of climate change. n the lawsuit, 21 activists, ages 11 to 22, said federal officials violated their rights to due process under the U.S. Constitution by failing to adequately address carbon pollution such as emissions from the burning of fossil fuels.