The Alaska Industrial Development and Export Authority takes an expansive view of how it can spend state money.
The authority will seek to defend its $50 million gas pipeline backstop deal before the Legislative Budget & Audit Committee today at 5:30 p.m.
Read MoreGov. Mike Dunleavy went on Fox Business last week and said the master plan is to have the 42-inch gas pipeline in place and operating in two-and-a-half years, which would be October 2027.
The Alaska Gasline Development Corporation is making a presentation to the Legislative Budget & Audit Committee today that says the first gas would be flowing to Southcentral in 2031.
Either Dunleavy or AGDC is lying
Read MoreThe Dunleavy administration believes that Trump’s trade war bullying will get South Korea and other Asian nations to sign long-term binding contracts for many billions to underpin construction of an Alaska LNG pipeline, regardless of the cost.
“I’m telling you these countries are calling us up, kissing my ass,” Trump said at a Republican Congressional Dinner Tuesday night, referring to the calls he is getting about his trade war. “They are, they are dying to make a deal. Please, please sir make a deal. I’ll do anything. I’ll do anything sir.”
Read MoreUPDATED: The Alaska Permanent Fund has shed $3.2 billion of market value so far during the Trump Liberation Day stock market crash, dropping from $81.7 billion to $78.5. billion.
This does not count the numerous other state accounts, including the pension systems, that have tens of billions more invested in stocks. They do not post daily market values, the way the Permanent Fund does
Read MoreGov. Mike Dunleavy refused to answer a question from Fox Business Thursday about whether he was “very much in favor” or if he had “some qualms” about the Trump trade war. The slide next to him said the S&P 500 was down 4.37 percent at that moment, while the Dow was down 3.69 percent. Oil prices were collapsing.
Read MoreI am waiting to hear the arguments about how the Trump trade war, which has the backing of Alaska Republicans not named Sen. Lisa Murkowski, will be great for Alaska.
That it will be great for the export of Alaska fish and that Trump’s attempt to blackmail countries in Asia is just what is needed to get the Alaska gas pipeline built.
This, after all, is the Golden Age of Alaska, brought to us by the great and powerful Trump, according to Gov. Mike Dunleavy, Sen. Dan Sullivan and Rep. Nick Begich 3.
Read MoreThe Senate bill to close the glaring loophole that enriches billionaire Jeff Hildebrand to the tune of $100 million a year or more moved out of the Senate Resources Committee Wednesday.
The Legislature should have closed the Hilcorp loophole in 2019 when he bought out BP. Since then many hundreds of millions that could have gone to state services, including the Permanent Fund Dividend, went to Hildebrand’s pockets in Texas.
The oil industry propaganda, which is thoughtlessly copied and repeated year after year, never mentions this high-stakes cash flow Outside.
Read MoreTuesday was the perfect day for Randy Ruaro to release the “robust, independent analysis” of the Alaska Industrial Development and Export Authority that was completed more than a year ago and kept secret.
Not because it was April Fools’ Day, but because the Alaska House and Senate held a joint meeting of their state affairs committees.
Legislators should have demanded to see what they received for the $250,000 contract.
Ruaro addressed the topic “What is AIDEA and how does it benefit Alaskans?”
There is no better document to answer that question about benefits than the study prepared for AIDEA and completed more than a year ago by Northern Economics of Anchorage for $250,000.
Read MoreThe habit of promoters to inflate themselves to the point of bursting with grandiose claims is worrisome, given the half-century history of exploding gas line bubbles.
Glenfarne CEO Brendan Duval said his company operates plants in Louisiana and Texas that have not been built yet.
Read MoreSen. Dan Sullivan, during his speech to the Legislature, exaggerated his role in the passage of the Social Security Fairness Act and didn’t mention that he opposed the bill until it was clear that the measure would be approved by the full Senate.
Sullivan, who is running for reelection in 2026, became a born-again champion of the bill after it was approved.
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