Now, I might not know all the intricate economic changes facing the oil industry in Ak but it sure has looked awful corrupt to me; always has too. They didn't roll over Palin; but now she is gone I guess it's back to business as usual.
I just don't trust any political up here that sings big oil's song too loudly; usually means another decrease in state revenues from oil industry and calls for state taxes on the populace to fund state government.
Year after year of oil tax decreases introduced by our legislators, then Palin stopped them dead in their tracks; now back to the original game I guess.
The state lost money after ACES. Most exploration/drilling work occuring now is offshore in federal leases where the taxes are less.
I can’t figure out why the state hasn’t diversified its tax revenue base, oil is roughly 85% of the state’s revenue.
The jobs going away are a fact.
How this will play out could be most instructive...
47% is an insanely high tax/fee combination. Then the Feds add their taxes.
It is the reason Canada oil investments are going up and Alaska is loosing jobs.
You have apparently fallen for the liberal talking points hook, line and sinker. The fact is that the oil industry is the most heavilty taxed industry in the country. The phrase “tax breaks for big oil” is a great example of liberal propaganda. Any reductions that they manage to get are simply mitigations in their obcene tax rates.
I love Sara Palin, but her actions in this regard when she was governor were not something to brag about.
Sounds like good democratic talking points there bubba.