Daily Archives: February 7, 2012

Alaska’s Economy| What happens at $70/bbl oil?

While catching up on reading over the weekend I came across an article in the Calgary Herald that made my hands go cold.  The headline was “Shell sees oil lows of $70 in 2012 volatility.”

The story reported on Shell’s recent 2012 outlook and quoted Shell Chief Executive Peter Voser as saying, in preparing the outlook, that Shell had used “a $50-$90 range for oil.”

Then, discussing the $50-$90 planning range, “Simon Henry, Shell’s chief financial officer, told analysts: ‘I’m not sure we see it right at the bottom of that one over the next 12 months, but we could certainly see it in the middle of that range.'”

What is the impact on Alaska if Shell’s outlook is correct, and oil ends up “in the middle” of a $50 – $90/barrel price range on the year?  Very, very bad things. Continue reading

2.6.2012 Perkins Coie’s Daily Alaska Oil & Gas Newsletter

‎2.6.2012 Perkins Coie’s Daily Alaska Oil & Gas Newsletter,   http://ow.ly/8VjKo (permalink). Today’s lead, “Hurdles abound, but Shell hopeful it can drill off Alaska’s Arctic coast in 2012.” For more news, see the “Daily Articles & News” column (lower right side) at https://bgkeithley.com/. Daily headlines and links from Upstream Online, Oil & Gas Journal, Petroleum Economist, Platt’s, LNG World News, Fuel Fix, plus.