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Will Big Oil Jump At The Opportunity To Drill More In Alaska? | OilPrice.com

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Will Big Oil Jump At The Opportunity To Drill More In Alaska? | OilPrice.com


It looks like the Inflation Discount Act does nearly every little thing – every little thing, that’s, however curbing inflation. With the intention to move the Act the Biden administration needed to enchantment to a broad base of supporters, from staunch local weather advocates to hardcore coal nation representatives. Specifically, the Act needed to enchantment to holdout West Virginia Senator Joe Manchin. Although Manchin is a democrat he represents a constituency that is dependent upon fossil fuels for his or her livelihoods and prioritizes coal nation jobs over local weather measures. So whereas the Act consists of enormous incentives for clear applied sciences, it additionally promised a large oil and gasoline drilling public sale. Now, the time has come for the federal authorities to make good on that promise. This week, the Inside Division introduced the deliberate public sale of greater than 958,000 acres  – an space bigger than your entire state of Rhode Island – in Alaska’s Prepare dinner Inlet subsequent month. The sale features a stretch of federal waters beginning round Kalgin Island all the best way to Augustine Island within the south. Division estimates say that the realm being auctioned has the potential to provide almost 200 million barrels of crude and 300 billion cubic toes of pure gasoline over the lifetime of the lease gross sales. 

Set to be held on December 30, the lease sale is definitely the renewal of one in all a number of beforehand canceled auctions. In Could, the Biden administration canceled three main oil and gasoline auctions within the Prepare dinner Inlet (“as a result of lack of trade curiosity in leasing within the space”) and the Gulf of Mexico (as a result of “conflicting courtroom rulings”). Such leases have been the topic of great authorized battles, with some rulings forcing cancellations as a result of inadequate consideration of the auctions’ impression on local weather change, and different rulings ordering the resumption of such auctions.

Russian Upstream Oil And Fuel Funding Set To Plunge By $15 Billion

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Whereas citing “lack of trade curiosity in leasing within the space” as a cause to cancel Prepare dinner Inlet auctions may be a handy simplification of a bigger context of political and geopolitical issues, there’s additionally a core fact to the federal authorities’s statements. A controversial sale of oil and gasoline leases within the Arctic Nationwide Wildlife Refuge below the Trump administration fell far wanting its income targets. 

After enormous publicity main as much as the extremely contested sale, the public sale was a dud. Not one main power firm made a bid. The federal government offered solely half of the tracts on provide – 11 tracts of twenty-two – and the overwhelming majority of the profitable bids have been submitted by a growth company owned by the state of Alaska. That company, The Alaska Industrial Growth and Export Authority, purchased their 400,000 acres on the minimal bid, and has by no means drilled a effectively in its historical past. In line with reporting from the Anchorage Day by day Information, the outcomes of the sale have been a “unhealthy begin” to succeed in anticipated revenues. “It had estimated the lease gross sales would herald $1.8 billion over a decade, to be cut up between the Alaska and federal governments,” the report said. “The cash raised [in the auction] fell far quick.”

The message appears to be that whereas oil and gasoline leases nonetheless maintain main political sway, they’ve misplaced their luster within the eyes of the non-public sector. An opinion piece written for the Houston Chronicle on the time of final 12 months’s “failed public sale,” argued that the surprising lack of curiosity from anybody aside from a state-owned financial growth company signaled that the oil itself was not wanted, however oil jobs are desperately missed. 

That will not be the case. The context couldn’t be extra totally different this time round. Final 12 months power demand was low and experiences of peak oil have been excessive within the wake of worldwide Covid-19 quarantines. This 12 months, we’re within the midst of a “world power disaster of unprecedented depth and complexity,” within the phrases of the Worldwide Power Company (IEA). The massive cutback of Russian oil and gasoline on the worldwide market has left an enormous vacuum and governments and shoppers alike are paying the value, whereas Huge Oil receives the windfall. 

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Whereas there could also be some recent incentive for brand new oil and gasoline drilling, nevertheless, Huge Oil doesn’t assume that this fossil gasoline renaissance is right here to remain. In actual fact, OPEC is anticipating main decreases in demand within the coming 12 months(s) and has responded with main manufacturing cuts to buoy oil costs. Certainly, even now it appears unsure whether or not the Prepare dinner Inlet leases included within the December thirtieth public sale will ever truly end in drilling. Already, the announcement of the sale has drawn vocal scorn from environmental teams. One such group, the Heart for Organic Range, advised Bloomberg that drilling within the allotted waters would hurt quite a lot of species, together with the Prepare dinner Inlet beluga whale, one of the endangered whale populations on the earth. 

It’s up within the air the best way that the lease will play out, and the outcomes will probably be very telling about non-public sector attitudes over which means the winds are blowing for Huge Oil. 

By Haley Zaremba for Oilprice.com

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Alaska

Wet weather expected over McDonald Fire today 

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Wet weather expected over McDonald Fire today 


wildfire smoke over the Tanana flats
Head of the McDonald Fire as seen from Aerial Reconnaissance flight taken on July 3, 2024 photo by Liliana Lopez
The location and extent of the McDonald Fire on July 4, 2024.
The McDonald Fire is at 172,236 acres and has 75 assigned personnel on Thursday, July 4 2024.
Size:  172,236  Personnel:  75  Start Date: June 8, 2024  Cause:  Lightning 

FAIRBANKS, Alaska – The McDonald Fire received wind from the west-southwest Wednesday, with gusts as high as 35 mph. Fire behavior was moderated due to the higher humidity yesterday and smoke was present on the highway over the course of the day. A reconnaissance flight found heat along the northern edge with most of the heat in the northeast corner, which aligned with the wind direction. There was minimal perimeter growth with the gain in total acreage attributed to the fire consuming unburned pockets in the interior.  

Crews have secured roughly 50 feet of depth along most of the line in the 5 Mile Creek Area and will continue with mop-up operations and securing the fires edge. Several crews reported trees falling over in the areas where they were working. The potential for fire-weakened trees to fall is high and firefighters must be alert to these dangers while working on the line. Rain is in the forecast today for the area, so operations will be weather and safety dependent. Crews will monitor fire behavior for any potential spotting or flanking beyond the perimeter. A module is staffing several lookouts and engines are patrolling the ridge and lookout areas as well as the Richardson Highway to provide information to crews on the ground.   

Weather: Rain is expected today with winds from the southwest at 5 to 7 mph. Temperatures are forecast to be in the 50s to 60s. This should reduce fire activity. 

Burn Permits: The Division of Forestry and Fire Protection has issued Burn Permit Suspensions for Fairbanks, Salcha, Delta, Tok, and Railbelt areas. The fire danger in these areas remains HIGH. Please check https://dnr.alaska.gov/burn/fireareas or call the burn permit hotline for the Fairbanks Area Forestry at (907) 451-2631 for the most current updates. 

Air Quality: Cooler temperatures and rain forecast today and into the weekend should help moderate smoke production. This should continue the overall trend of improving air quality. However, due to the amount of fire on the landscape and wind, there may be periods of increasing smoke until significant wetting rain arrives. Winds will continue to be from the southwest today, pushing smoke northeast. Lingering smoke may enhance any fog that forms and impact visibility. Fairbanks Memorial Hospital (1650 Cowles St.) has clean-air rooms available for people impacted by smoke open from 9 a.m. to 9 p.m. Find information on how to protect yourself from wildfire smoke at the Smoke Management page on https://akfireinfo.com/smoke-management/. 

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Evacuation Notices: A Level 2: SET evacuation notice is in effect for the approximately 20 cabins near the fire’s southeastern edge west of the Tanana River. The communities east of the Tanana River are in READY status, including the Johnson Road neighborhoods, Canaday, Harding Lake, Salcha, the lower Salcha River, Hollies Acres, and south to Birch Lake. Find more information and an interactive map of these areas on the Fairbanks North Star Borough Emergency Services website. 

Temporary Flight Restriction:  New temporary flight restrictions were put in place on July 1; for more information, see: 4/6081 NOTAM Details (faa.gov). 

-BLM- 

Bureau of Land Management, Alaska Fire Service, P.O. Box 35005, 1541 Gaffney Road, Fort Wainwright, AK 99703 

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Visit our Flickr channel! Learn more at www.blm.gov/AlaskaFireService, and on Facebook and Twitter

The Bureau of Land Management Alaska Fire Service (AFS) located at Fort Wainwright, Alaska, provides wildland fire suppression services for over 240 million acres of Department of the Interior and Native Corporation Lands in Alaska. In addition, AFS has other statewide responsibilities that include: interpretation of fire management policy; oversight of the BLM Alaska Aviation program; fuels management projects; and operating and maintaining advanced communication and computer systems such as the Alaska Lightning Detection System. AFS also maintains a National Incident Support Cache with a $18.1 million inventory. The Alaska Fire Service provides wildland fire suppression services for America’s “Last Frontier” on an interagency basis with the State of Alaska Department of Natural Resources, USDA Forest Service, National Park Service, Bureau of Indian Affairs, U.S. Fish and Wildlife Service, and the U.S. Military in Alaska. 

‹ Crews on the Montana Creek Fire continue to secure the perimeter and achieve 53% containment on the fire.
Change in weather contributes to the decreased levels of evacuations on the Grapefruit Complex ›

Categories: Active Wildland Fire, BLM Alaska Fire Service

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Dunleavy vetoes $10 million in funding for Alaska seafood marketing, for now • Alaska Beacon

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Dunleavy vetoes $10 million in funding for Alaska seafood marketing, for now • Alaska Beacon


Gov. Mike Dunleavy has vetoed $10 million in funding for the organization charged with marketing Alaska seafood — but may agree to the funding later.

On Friday, Dunleavy issued a line-item veto for the Alaska Seafood Marketing Institute. The governor’s office said that he could seek the funding later if the institute submitted a more detailed plan for the funds. 

“The Dunleavy administration has offered support of supplemental funding next session once ASMI has developed a comprehensive marketing plan,” said Jeff Turner, the governor’s communications director. 

The funding could be included in a supplemental budget bill — every legislative session, Alaska governors propose these bills to cover unexpected needs and other expenses that weren’t included in the original budget.

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Alaska’s $6 billion seafood industry employs over 48,000 workers annually in the state, according to a report commissioned by the Alaska Seafood Marketing Institute. The institute is a state agency that aims to increase the economic value of Alaskan seafood.

The veto comes at a time when Alaska’s fishing industry is in crisis, facing low consumer demand and steep competition from Russia, which harvests many of the same species as Alaska. For example, in 2023, the price paid to sockeye-salmon fishers delivering their catches was half of the 2022 price, according to the report. 

Senate President Gary Stevens, R-Kodiak, described the condition of Alaska’s fishing industry as “pretty miserable.” 

“I’ve been involved in the fishing industry since 1970 and it’s just the worst I have ever seen,” said Stevens, who is also one of six legislators who are nonvoting members of the institute’s board. 

Last year, the institute received $5 million in funding from the state. Before then, they had not received any state general funds since June 2018. The institute relies mainly on federal and industry payments: This year, the institute is expected to receive $13 million in funds from the federal government, and $16.2 million from industry assessments.

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“The governor is always saying that we want to tell the world that we are open for business, but nothing says ‘we’re closed for business’ more than cutting these funds from ASMI,” said Stevens. 

If the institute submits a detailed marketing plan for the vetoed funds, the governor could include funding in the state’s supplemental budget during the next legislative session, the governor’s office said. However, any potential funding would not be quickly available to the institute. 

“Waiting doesn’t help at all,” said Stevens. “It’s a very short-sighted view of the industry. Now is the time to help it out, not to just delay things.” 

According to ASMI’s executive director, Jeremy Woodrow, the institute’s main priorities lie in domestic markets. Multiple factors have influenced this focus. Among them: a strong dollar and weak yen has made Alaskan seafood less competitive in Japan, a key global market, said Woodrow. 

Regarding the effect of the veto, Woodrow said: “We support the governor’s budget, one way or another.”

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Additionally, in 2022, President Joe Biden issued an executive order that prohibited Russian seafood imports. This executive order created a “hole” in the domestic seafood market that ASMI is looking to fill, according to Woodrow. 

“Any updated marketing plan is going to include those priorities,” said Woodrow.

Tracy Welch, executive director of United Fishermen of Alaska, described the veto as a “missed opportunity” to support the state’s fishers, processors, and coastal communities.

“ASMI has operated on a shoestring budget for quite a few years, and so they do a lot with what they’re given, so I have confidence that they’ll do as best they can,” she said. 

Despite her faith in the institute’s ability to “get creative” with the smaller budget, she emphasized the crisis that the seafood industry is currently facing. “The industry needs help now,” said Welch. “Not two years from now.” 

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For now, Alaska’s seafood industry will need to wait until the next legislative session to know if the institute will receive additional funding from the state. 

“Any funding that we can get to help bolster that mission today, as opposed to tomorrow, is a step in the right direction,” said Welch.  

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Alaska Airlines honors US military with newest aircraft and Fallen Soldier Cart  – Alaska Airlines News

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Alaska Airlines honors US military with newest aircraft and Fallen Soldier Cart  – Alaska Airlines News


As the nation comes together to celebrate Independence Day, we’re proud to introduce two new tributes to the brave service members who protect our country: our fourth “Honoring Those Who Serve” aircraft and 16th Fallen Soldier Cart. 

The Fourth of July is a time to reflect on the freedoms we enjoy and to recognize the sacrifices made by military members. At Alaska, we are dedicated to honoring these heroes and their families in meaningful ways. We take seriously our responsibility to care for our military guests, and we prioritize it with every flight. 

Honoring Those Who Serve Aircraft 

In partnership with Boeing, we are proud to unveil our specially designed “Honoring Those Who Serve” aircraft. The design, which is almost identical to three of our other jets, features a new patriotic paint scheme with symbolic imagery representing all six branches of the US Armed Forces: Air Force, Army, Navy, Marine Corps, Coast Guard, and Space Force.

From its star-spangled design to the heartfelt message emblazoned on its side, this aircraft is a flying tribute to the courage and dedication of those who serve today, and those who served in the past. 

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Every time this aircraft takes to the skies, it serves as a reminder of the sacrifices made by US military personnel. We hope our guests, employees and aviation enthusiasts alike will feel a sense of pride and appreciation when they see this aircraft in the air and on the tarmac. 

Fallen Soldier Cart 

In addition to our new aircraft, we recently delivered our 16th Fallen Soldier Cart to Nashville International Airport (BNA) on June 26. These dedicated carts, designed and crafted by Alaska’s Maintenance and Engineering department, are a solemn and respectful symbol that transports the remains of fallen service members, ensuring they are treated with the utmost dignity and respect. 

Alaska has dedicated this special cart to BNA for shared use among all airlines, as a gesture of respect and remembrance. The cart, in its first mission, transported the cremated remains of US Navy Vietnam veteran, Aviation Boatswain’s Mate, Roy Campbell. 

Alaska maintenance & engineering employees drove eight days, across 10 states and 2,632 miles to deliver a Fallen Soldier Cart to Nashville on June 26, where it will serve to honor military heroes at Nashville International Airport (BNA). 

In 2011, the Fallen Soldier Program was created to ensure military protocols are followed when handling the remains of fallen service members being flown to their final resting place on Alaska Airlines. The cart plays a pivotal role during the dignified ceremonies of loading and unloading the remains of fallen soldiers onto aircraft. 

This cart begins its most important duty today—doing what is on the side of our beautiful liveries—honoring those who serve, transporting our fallen heroes home to their final resting place with honor and dignity,” said Carlos Zendejas, Horizon VP of flight operations and Air Force veteran attending the delivery service. “Our hope is that this cart will also bring comfort to the family, friends and loved ones during that very difficult time.” 

Adorned with the American flag, the insignia of the six military branches, and a plaque honoring the fallen, our carts are a powerful tribute to those who have served our country. 

Alaska has Fallen Soldier Carts at the following airports: Anchorage, Dallas Fort-Worth, Fairbanks, Honolulu, Kansas City, Los Angeles, Nashville, Phoenix, Portland, San Antonio, San Diego, San Francisco, San Jose, Seattle, Spokane, Washington Reagan. 

This Fourth of July, as fireworks light up the sky and people gather to celebrate, we invite you to join us in paying tribute to our military heroes. At Alaska, we believe it is our duty to honor those who serve and are committed to doing so with the respect and gratitude they deserve. Learn more 



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