Archive for the ‘Oil Tax Reform’ Tag

Letter: Fiscal certainty works both ways | Juneau Empire – Alaska’s Capital City Online Newspaper   Leave a comment

Letter: Fiscal certainty works both ways | Juneau Empire – Alaska’s Capital City Online Newspaper.

I’m voting “yes” not because I believe Alaska is running out of oil and we need to get our money while we can, but because I think we own the oil and we deserve full dollar, at least comparable to what other oil-producing countries demand and get, for our resource.

Alaska is floating on a sea of oil. The Chukchi reserve alone is 2 1/2 times Prudhoe Bay. ANWR, if we ever figure out how to produce it is equal to Prudhoe. Running out isn’t the problem. Letting the oil companies bankrupt us so that we cannot exercise our state sovereignty is.

We ARE NOT A COLONY! Let’s stop acting like one!

Posted August 11, 2014 by aurorawatcherak in Alaska

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Debunking the oil tax myth – Fairbanks Daily News-Miner: Community Perspectives   Leave a comment

Debunking the oil tax myth – Fairbanks Daily News-Miner: Community Perspectives.

I’ve said before that I don’t know how I feel about SB 21. I didn’t agree with it when it was passed by the Legislature, but I don’t agree with repealing it … at this time. Oil company production is picking up, probably for reasons having nothing to do with SB 21 (yet). Adding new taxes now might upset those plans … or not. We need a clear-eyed plan for the future, not a change-with-the-wind strategy.

Having passed SB 21, we need to stick with it for at least 3-5 years to see what happens, otherwise we’re being bad partners in business and that will harm our prospects in the future.

But I still don’t think SB 21 was the way to hand the lack of production by North Slope producers. The Legislature should have amended ACES to force the long-term lease sitters to produce and add an incentive for new development. SB 21 lowered taxes long-term and left development up to the producers. It wasn’t a good idea, but neither is changing the oil tax structure every year.

Posted May 19, 2014 by aurorawatcherak in Alaska

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