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Old 11-05-2011, 03:36 AM
 
4,988 posts, read 9,959,802 times
Reputation: 3285

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The sad part is that:
  1. This is totally avoidable.
  2. This is entirely self inflicted.
Just a bunch of arrogant, greedy politicians thinking their interests are more important than those that elected them.
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Old 11-05-2011, 03:44 AM
 
355 posts, read 504,094 times
Reputation: 132
Quote:
Originally Posted by Moose Whisperer View Post
The sad part is that:
  1. This is totally avoidable.
  2. This is entirely self inflicted.
Just a bunch of arrogant, greedy politicians thinking their interests are more important than those that elected them.
And soon enough (not quite soon enough) they will learn that "we the people" are still those who "run the show". If we dont like it.. we can change it.
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Old 11-05-2011, 11:38 AM
 
811 posts, read 1,305,938 times
Reputation: 317
Quote:
Originally Posted by starlite9 View Post
I don't think the day is very far off when the oil companies are going to fold their tents on the North Slope and go home. That one event will kill Alaska almost overnight! The state brings in something like 80% of it's obscene revenue from the oil, and when it stops, it will be overnight!

Then this is going to be a massive scramble. They waste about $15,000.00 per man/women/child in the state, and there isn't enough people where that a massive income tax could makeup for. They don't have a gas line built, no hydro at Susitna built, or even Pebble type of mines coming on line that could produce a tax base, or a bunch of other things that could help ease the transfer. Even Commercial fishing is a fraction of what it once was, and that certainly isn't going to fill the State coffers, although they may try.

The University of Alaska Regents are asking for another billion plus dollars.... They are totally nuts, that is in addition to the tuition the students pay... Some thirty to forty million a year...

When I was station in Valdez at the Coast Guard MSO office there when the pipeline was first built, we were told it was to last up to "Twenty years!", that was about 35 years ago now? Just one burp and they are gone!

The Perm fund will last a few years at best for State spending at current levels, but when all the spin off business ends from the oil work, there is going to be a bunch of people heading south out the door in a hurry!

The pork spending has been so obsessive the light at the end of the tunnel will be a very fast train....
BINGO.....

They had an big energy conference in Anchorage at the beginning of the year and all the big dog oil companies were there. One big speaker who told oil worker if you want to make a lot of money move to North Dakota.

Alaska has to much red tape and hoops to jump through for permits to drill for oil, plus the millions and billion's of dollars of moving rigs to the tundra.
Just mush easier to go to land owners in the -48 and get the permit and they are off drilling. With that said Alaska in in for a rough ride in the oil and Natural gas business.

Why did BP, Conoco Scrap $35 Billion Denali Alaska Natural-Gas Pipeline project? That would of created a ton of jobs for many years....


Why did Shell Oil scrap its $150 Million plans to drill for oil in the Beaufort Sea north of Alaska in 2011? Again more jobs lost....

The oil industry petty much build up Alaska, with out there funds, donations, taxes things will go down hill slowly and that sucks.
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Old 11-05-2011, 12:25 PM
 
4,988 posts, read 9,959,802 times
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Quote:
Originally Posted by wildchild_to View Post
Why did BP, Conoco Scrap $35 Billion Denali Alaska Natural-Gas Pipeline project? That would of created a ton of jobs for many years.....
Yep, as a private company actually tasked with making money (I know, shocking to the OWS crowd ), Denali quickly determined that the Alaska Gas Line is an economic Albatross in today's market. Thanks to government meddling of AGIA though, Trans Canada of course is still proceeding with this charade because the state of AK is on the hook for half a Billion dollars just for them to produce some pretty drawings. (Thank you Sarah Palin )

Quote:
Originally Posted by wildchild_to View Post
Why did Shell Oil scrap its $150 Million plans to drill for oil in the Beaufort Sea north of Alaska in 2011? Again more jobs lost....
Here of course the Enviro-nuts have simply resorted to filing baseless lawsuits simply because they know they clog up the process for 6-12 months. And with such a short drilling season, each lawsuit effectively delays the project for another year. Lawyers win - Alaska economy loses. (though even the Democrat Weasel Begich claims this time that the 2012 permits are so airtight that the latest Kook lawsuit will go no-where. We shall see).



And here is yet another example:

Inlet gas find called largest in 25 years: Oil | Alaska news at adn.com

We've been trying to get these jack-up rigs into the inlet for years because we are so short of gas here in So. Central. But of course this has been delayed due to all sorts of roadblocks, the latest being that Escopeta is being sued by Obama/Holder for violating the Jones act. And now of course that they announce they actually have found gas, I'm sure the tree-huggers will start filing endless lawsuits there as well. Probably claiming that any proposed new drill site interferes with some rare spotted Beluga's favorite cr@pping spot or some such (even though we've been drilling for gas up here fore decades already).
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Old 11-05-2011, 12:56 PM
 
Location: 112 Ocean Avenue
5,706 posts, read 9,575,724 times
Reputation: 8932
Amid Deficit Gloom, Some States Enjoy Surpluses

The budget questions that sent Alaska lawmakers into special session this year had nothing to do with austerity measures or disagreements over cuts to state agencies or programs. They just couldn't agree on what to do with all that extra money.
Resource-rich Alaska took in nearly $1.9 billion more than expected last fiscal year thanks largely to high oil prices and ended the fiscal year with an estimated $260 million surplus, an amount equal to nearly 4 percent of its general fund.

Amid Deficit Gloom, Some States Enjoy Surpluses - ABC News

Politicians should never be in charge of any cash surplus.
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Old 11-05-2011, 01:04 PM
 
4,988 posts, read 9,959,802 times
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Quote:
Originally Posted by RedJacket View Post
Amid Deficit Gloom, Some States Enjoy Surpluses

The budget questions that sent Alaska lawmakers into special session this year had nothing to do with austerity measures or disagreements over cuts to state agencies or programs. They just couldn't agree on what to do with all that extra money.
Resource-rich Alaska took in nearly $1.9 billion more than expected last fiscal year thanks largely to high oil prices and ended the fiscal year with an estimated $260 million surplus, an amount equal to nearly 4 percent of its general fund.

Amid Deficit Gloom, Some States Enjoy Surpluses - ABC News

Politicians should never be in charge of any cash surplus.
That's the fundamental problem. There never should be a surplus. That only means they are taking too much money, and they have no business squirreling it away in their own little private slush fund. But of cousre we all know the famous government budget motto - use it or lose it. So they just invent bogus ways to spend excess cash rather than return it to its rightful owners.
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Old 11-05-2011, 01:53 PM
 
Location: Palmer
2,519 posts, read 6,993,147 times
Reputation: 1395
Alaska is really a micro economy that is currently in a slow decline. It could turn around quickly if regulations were changed...but without a major regulation repeal we will continue to go downhill. It could crash very quickly as well. I was here in 85 and witnessed the last one. Real Estate prices dropped by 60% in 3 years.
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Old 11-05-2011, 03:59 PM
 
4,463 posts, read 6,204,209 times
Reputation: 2046
I tend to agree with most of what is said on here, however, almost every thrusday to saturday night firetap and mooses tooth are packed to the brim. That is not the sign of flegling economy. I think only time will tell.
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Old 11-05-2011, 05:22 PM
 
Location: Bethel, Alaska
21,368 posts, read 37,919,273 times
Reputation: 13901
I think just for spite, we should all have a gathering at Moose's Tooth just to drive rrpearso crazy.
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Old 11-05-2011, 05:29 PM
 
Location: Interior alaska
6,381 posts, read 14,478,927 times
Reputation: 3520
Quote:
Originally Posted by highlife2 View Post
I tend to agree with most of what is said on here, however, almost every thrusday to saturday night firetap and mooses tooth are packed to the brim. That is not the sign of flegling economy. I think only time will tell.

Isn't that what "Depressed" people do, get drunk and eat Pizza?

Bars have never had it bad during a bad time! Wonder why?
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