Once again, I've never said that royalties shouldn't be included in this debate. It does tend to confuse the issue with Alaskans, though, who are being asked to consider only taxes, not royalties. The oil companies know that Alaskans won't agree to touch royalties because then we're talking about the Permanent Fund.
In my ConocoPhillips analysis of concrete numbers, I'm forced to exclude royalties because they don't report them.
In your 48% number, you use the discounted price of oil after transportation costs. Alaska uses the ANS WC number in all their discussion and calculations about taxes, $94.49 for the time period you cite. Also, it's 4 fiscal quarters against the calendar data I'm using. I don't care that you're using that price ($87.32), but it makes it more difficult to compare Alaska's net-revenue system against gross value-based systems. It's already difficult enough with most companies operating on a calendar year.
What's the total state take including royalties in TX and LA? I haven't looked at that since I'm starting to lose interest in all this. I probably ought to, though. Might be very interesting.
Alaska seems hell-bent on another one-sided bargain with the Big 3. The Corrupt Bastards Club will soon be rejoicing. The most profitable place in the world for the oil companies and bought-and-paid-for politicians may soon get another huge chunk of $ so they can chase opportunities outside the U.S., where the FEDS have made it very unattractive to make bets despite the huge resources available.
In 2007 under Murkowski's PPT, CP paid taxes at a rate of 21.9% at $69.75/barrel. In 2010 under Palin's ACES, CP paid at a rate of 22.5% at $78.61/barrel. Yet I've never heard a peep out of you or the Big 3 complaining about PPT. That's...odd. LOLOL.
“may soon get” should read “may soon give back”
Unless you believe the Alaskan oil taxes and business deduction should include deducting transportation costs spent outside the state, I don’t understand why you could use the value that included those expenses.