“With the start of the Alaska legislative session less than one month away, prefile release bills will begin to trickle in. Legislation for a Green Bank, Renewable Portfolio Standards, Carbon Capture Utilization and Storage (CCUS), and Cook Inlet gas incentivization appear imminent this session.”
Alaska is an oil and gas state. In 2022, natural gas, oil, and coal fueled two-thirds of Alaska’s electricity generation, with hydro at 29 percent and wind, solar and biomass accounting for the last three percent. In personal and mass transportation, EVs are riding on government subsidies to get a foothold, even more so than in the lower-48.
In 2022, Alaska ranked in the top five oil producers in the United States, producing about 4 percent of the total. Alaska is first in oil and gas contribution to total GDP as a state. Proved…
“Why is a conservative pro-development governor pushing for policies that are counterproductive to natural resource development?”
“The Alaska Energy Security Task Force report does not mention maximizing the use of the abundant energy sources we have in our state today, such as coal, in-state refining, or the incentivization of production in the Cook Inlet where, according to the USGS, we are not in a natural gas shortage situation.”
Alaska grift is reaching new levels to comport with the Inflation Reduction Act (aka Green New Deal). Alaska Governor Mike Dunleavy, all-in with Green Globalism, has appointed a energy security task force of cronies who lack real experience in or affinity with the state’s oil and gas sector. Instead of inciting investment in Alaska’s prolific resource base, Biden’s obstruction and subsidy bribery will risk making the state a federal enclave, with its top import being federal dollars.…
“The actions of Alaska policy makers, led by the governor, are eradicating the free-market principles in our state. A media blackout on the problem has left only citizen-led initiatives driving the train to truth. We the People Alaska publishes an eye-opening substack on many of these topics.”
Alaska’s economy runs on oil and gas. Additionally, oil revenues have accounted for up to 90% of our General Fund revenue. Amid its resource abundance, however, Alaska has a big and growing governmental problem—mostly in Washington, D.C., and increasingly, in local governments trying to appease their federal masters.
Alaska has been in a production decline trend since 1988 when the state accounted for 25 percent of U.S. domestic production. Presently, the Trans-Alaska Pipeline System (TAPS) is running at a quarter of its capacity (485K barrels per day).…