Heroes
(1)
Great Bear Petroleum.
These guys took a fresh look at Alaska’s petroleum resources, invested
in their ideas and completed their objectives. New gas and new oil from Alaskan shale deposits will fill the oil and
gas pipelines in the future. Great job
– best wishes for continued success.
(2) Everyone working at
Point Thomson. Oil and gas from Point
Thomson will fill the pipeline(s). All
the hard work at Point Thomson will pay off in the future.
(3)
ExxonMobil & The State of Alaska – Nice job on the
Point
Thomson settlement.
(4)
Governor Parnell – Ramped up his game in 2012, meeting with
North Slope Producers CEOs - Bob Dudley of BP, Jim Mulva of ConocoPhillips and
Rex Tillerson of Exxon Mobil. The Point
Thomson settlement cleared the deck and in March 2012 the producers announced
that they had aligned. He also hit the road and started talking to LNG customers.
(5)
Pedro van Meurs – Keep on sticking to the math and providing
reality checks.
(6)
LNG Buyers – The Alaska Gas project is a nonstarter without
LNG Buyers and this year we started seeing Japanese and Korean LNG Buyers enter
the picture. With a bit of luck the
buyers will become equity partners and help move the project forward.
(7)
Cheniere Energy & Sasol.
Cheniere is moving forward with a lower 48 LNG export project and Sasol
is moving forward with a lower 48 gas-to-liquids (GTL) project. These types of projects will sponge up lower
48 shale gas, and boost gas prices.
Projects like these lead the way and Alaskans should take note and
understand the parameters of real world natural gas success stories (here’s
a hint – fiscal certainty).
8) Combined Cycle Power Plants. One by one high efficiency combined cycle power plants are coming on line. These plants will replace aging coal plants over the next decade and consume lots of lower 48 natural gas, which will help build natural gas prices back up to a reasonable level. Anything the builds lower 48 gas price support helps the Alaska gasline project. Congrats to TVA for bring the John Sevier Combined Cycle plant online ahead of schedule and below cost.
8) Combined Cycle Power Plants. One by one high efficiency combined cycle power plants are coming on line. These plants will replace aging coal plants over the next decade and consume lots of lower 48 natural gas, which will help build natural gas prices back up to a reasonable level. Anything the builds lower 48 gas price support helps the Alaska gasline project. Congrats to TVA for bring the John Sevier Combined Cycle plant online ahead of schedule and below cost.
Zeros
(1)
Matt Damon. Shale gas
hater Damon received funding for his anti-shale gas movie from the United ArabEmirates. The public discourse about
lower 48 shale gas ultimately impacts the price of gas, jobs and the future of
gas exports from Alaska. Bad shale gas
law could choke Alaskan shale gas development. The American electorate is about
as uninformed, uneducated and mathematically impaired as is possible. It’s sad to see the simpletons led astray
by one of our own funded by those who will profit from our poverty. (Ask me how
I really feel!).
(2)
The 2012 presidential campaign. There was no real discussion of the economic benefits of domestic
energy development – a real missed opportunity. Good policies now could help Alaska in the future. In 2008 I
looked forward to 2012, now I’m almost certain that we are in the first years of the idiocracy.
(3)
I could name some other maladroit zeros closer to home, mainly
for inaction, but for the time being I’m hopeful that project alignment, real
customers and forward momentum will pull them along.
Good luck in the new year, and work safely.
Posts
