[proud_yank]

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.

[Eska]

You all might be completely right about taxes & production. All I'm saying is I have watched this debate for almost 20 years; and Palin was the first to stand up to Oil companies. I really believe most Alaskans really agreed with her too. Kinda like how most Americans have watched the bank bonuses after bailouts. Most Americans would agree with BIG O about taxing the banks;;;;; SAY IT AIN'T SO.

I'm not buying into any Dem talking points. Year after year, have watched another group of state legislators submit another tax plan that further reduces the taxes. I guess we should just give the oil away to them, have all kinds of state taxes upon taxes and be happy.

I never thought much about the oil taxes until a brother-in-law who was head of test engineering at a big United Technology plant that built turbines for oil industry got into it with me over oil industry. I mean this guy traveled all over the world, knew his stuff. He believed the oil industry controlled everything. I remember him telling me about one company paying off all their corp debt in 6 months of high prices. So now, I keep an open mind about what I see & hear when it stinks.

Do you all remember when Phony Tony the dem gov wanted to build a nat gas pipeline with 20 billion of pfd money, for the oil companys.

Just my opinion, Palin seemed to concur too.