Rural Alaska May Receive More Power Subsidies

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Today’s Key Takeaways:   Legislature votes to increase power subsidies to 194 rural Alaska towns and villages. Biden’s canceled lease sale brings criticism from Alaska. New FERC commissioner a consensus builder? Teck launches Zinc Satellite initiative. Judge says “no” to new Eagle River senate boundaries. NEWS OF THE DAY: Alaska Legislature OKs increase to rural power subsidy (ktoo.org)James Brooks, Alaska Beacon, … read more

A big loss for Alaska. AK budget brawl makes case for spending cap.

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Today’s Key Takeaways:  African leader cautions against hasty end to fossil fuels that will hurt their economy. NOIA calls out Biden for cancelling lease sales, hurting Americans. EU leaders draft guidance on Russian gas payments. AK legislators budget antics highlight need for spending cap. NEWS OF THE DAY: Angolan leader urges Africa to avoid hasty end to fossil fuels (worldoil.com)Candido … read more

North Slope Production Steady. AK Senate Passes $4200 PFD.

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Today’s Key Takeaways:  ConocoPhillips sets new record for drilling. Study:  oil companies have very limited role in setting gas prices. European Union considers relaxing environmental regulations for wind, solar projects to add capacity more quickly. Alaska Senate passes $4200 PFD. NEW OF THE DAY: ConocoPhillips set new record for North Slope horizontal oil drilling; production on slope holding steadyTim Bradner, … read more