Posted on 08/19/2012 9:44:13 AM PDT by lowbridge
Any link for more information on that? Thanks
I have invested in a decent road ready travel trailer to haul from Alaska to North Dakota because of the lack of decent wages here in Alaska, since the start of the year I have only grossed $15k, nowhere near my normal yearly wages.
The problem is that you need affordable lodging there. I can tolerate the winter if I had to, its all about going to where the work is.
I used to be an oil field mechanic in Texas back in 1984.
http://www.cbo.gov/publication/43527
As with bonus payments, between 50 percent and 90 percent of those receipts would be paid to the state of Alaska, if specifications in the authorizing legislation were similar to those in recent legislation.
This legislation has not happened yet.
It is foolish to argue against domestic drilling by using the ‘global market ruse.
There is a global market for timber too, but we still control our own.
They don't collect a royalty but the oil industry pays a 6.5 percent extraction tax and a 5 percent gross production tax to the state.
The US has a surplus of refinery capacity. We refine more petroleum than we use.
Number and Capacity of Petroleum Refineries
http://www.eia.gov/dnav/pet/pet_pnp_cap1_dcu_nus_a.htm
Current Refinery Capacity in in US = 17,322,178 Barrels per Day
Petroleum Product Supplied (sold) in US
http://www.eia.gov/dnav/pet/pet_cons_psup_dc_nus_mbblpd_m.htm
Current US consumption of refined products = 16,539,000 BPD
We haven't built any new refineries lately, but we have been expanding and upgrading the existing ones for decades.
Correct and with the manipulative benefit of the words “non-partisan” tacked on.
Many of the CBO requests for study are simply to confirm what the requester knows and are designed to give an answer that the politician wants.
I got that from you. You probably don't remember that but a couple of years I quizzed you about Alaska's share of royalties.
No. That is not true. That 90% was based upon applying laws more recently enacted for the Gulf Coast and “hoping” the same would be done for Alaska.
Read above for the current basis.
I got that from you.
- - - -
No you did not:
The Examiner article at the top of this thread, which is about the CBO report, says 90-10.
The recent Daily Caller article about the CBO report says 90-10 but that it could be negotiated to 50-50.
The recent Rig Zone article about the CBO report says 50%-90% of the royalty would go to the state
Looking elsewhere:
This blurb about Don Young mentions that at a time in the past he was willing to negotiate ANWR down from 90-10 to 50-50
Would someone tell me more about this “non-partisan” CBO?
I want to thank you for taking the time to link that.
I was sure it was not the case, that only recently was there sharing done with Gulf Coast States.
Your link to the ONRR lead me to information showing this has been the case for quite some time, here it is in 1995:
http://www.onrr.gov/Stats/pdfdocs/stmin95.pdf
I was wrong, thanks again for the info.
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