As noted on these pages previously, I write a bi-monthly column on oil & gas issues for the Alaska Business Monthly. This is the sixth column, originally published in the May 2013 print edition and available online here.
Alaskans heard the word “investment” a great deal during the recent legislative session. They likely will hear more of the word in the months and years ahead as the state continues efforts to bring increased investment to the North Slope, and others evaluate whether those efforts are successful.
In that context I thought it would be useful to write a column on oil investment.
To do that, I have borrowed a chart from a company called Petoro. Those who read my January column (“Alaska Oil Policy: Achieving Alignment,” Alaska Business Monthly, Jan. 2013), will recognize Petoro as the arm of the Norwegian government engaged in co-investment with industry in the development of that country’s oil and gas resources. I chose to use a chart from Petoro because it is viewed largely as a neutral entity, not likely to tilt the information playing field one direction or another. Continue reading