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To: thackney; Timber Rattler
When total taxes and governmental take reached 85%, it is hardly surprising that international companies have been spending their investment dollars elsewhere.

Total taxes and governmental take in AK have never been 85% and you know it. Your corporate PR buddies and the Corrupt Bastards of Alaska will keep spinning the lie, though, as long as Alaskans are too weak and uninformed to push back.

In 2011 under ACES, the total AK take from ConocoPhillips (one of the Big 3) was 31.2% -- in line with ND when you factor in high royalties paid to private landowners, and a lot less that some other places. This, when the average price of Alaskan oil was a record $105. Additionally, Alaska remains the most profitable place in the world for ConocoPhillips to be in the oil business -- 24.1% of their worldwide profits on 15.9% of their worldwide production in the year 2011.

Just for the record, I think the ACES tax scale needs to be adjusted at the high end. However, the massive $2B/yr. give back currently being promoted by Parnell and the CBC, with no guarantees in return from the Big 3, is crazy. Thankfully, the AK Senate is balking once again as of this morning, so there's still hope for the citizens of Alaska.

15 posted on 04/13/2012 8:53:32 AM PDT by Al B. ("Evil is powerless if the good are unafraid." -- Ronald Reagan)
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To: Al B.
Total taxes and governmental take in AK have never been 85% and you know it.

That number includes the federal government and it is the incremental total taxes around $100 (for each addition dollar revenue, 85% goes to state or federal)

Source: http://www.makealaskacompetitive.com/wp-content/uploads/2012/02/Chart-supplements-to-MAC118-Folded-brochure-1-4-12.pdf

Alaska's take on all taxes, royalties and other fees averaged about half of the oil selling price in 2011.

You need to remember that ACES is only a piece of the price paid by oil and gas companies in Alaska. They play games like only oil and gas properties pay state property taxes. All other properties only pay local taxes, also paid by oil and gas.

17 posted on 04/13/2012 9:26:47 AM PDT by thackney (life is fragile, handle with prayer)
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To: Al B.
Alaska remains the most profitable place in the world for ConocoPhillips to be in the oil business -- 24.1% of their worldwide profits

I would like to understand that claim better.

Net Income in Alaska (E&P) was $1,735,000,000
Net World E&P Income was $9,198,000,000
Net Total Income was $11,417,000,000

Looks more like 15% of profit.

http://www.conocophillips.com/EN/investor/financial_reports/earnings_reports/Documents/4Q11_Supplemental.pdf

21 posted on 04/13/2012 10:28:33 AM PDT by thackney (life is fragile, handle with prayer)
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