President Obama’s policies on oil and gas have matched that of [a] former 1/2 term governor [with] state policies to literally shut down all major oil and gas development on both Federal and State lands putting the US in the position to be more dependent on buying our nation´s oil from foreign countries”
So Palin and Obama are the same when it comes to hampering the domestic oil and gas industry?
The old adage: “Anything you tax you will have less of.”
THe alaska web site’s overall chart wasn’t working (the pdf was blank.
I did a search of a few month’s numbers. I wanted to debunk the notion that ACES led to the decline in oil produced.
January of 2001: 1021072
January of 2006: 857272
December of 2006: 808092 (Palin takes office)
October of 2007: 715416 (month ACES passed)
August of 2009: 572967 (Parnell takes office)
June of 2011: 570172 (last month without planned outage)
What we see is that in the 5 years before the year Palin took office, production dropped by 164,000 barrels, or about 2700 barrels a month.
In the 11 months before Palin took office, oil produced dropped by 50,000 barrels, or about 5000 barrels a month.
In the 10 months before ACES, oil produced dropped by another 90,000 barrels, or about 9000 barrels a month.
In the 22 months after ACES, oil produced dropped 140,000 barrels, or about 6400 barrels a month.
In the 2 years after Parnell took office, oil produced has not dropped.
So there doesn’t appear to be any correlation between the passage of ACES and the drop in oil produced. Clearly there is a serious problem with getting oil from Alaska, and certainly oil production loss accelerated during Palin’s term in office, but there’s no indication it had anything to do with her term in office.
You might even argue that ACES eventually stopped the decline of production, or that some other policy of Parnell might have encouraged more production, or simply that we’ve reached a good steady-state ability to pull this amount of oil out of the existing wells.
Rydell is a flaming RINO...
Palin tossed out the corruption-ridden, structurally-flawed Petroleum Profits Tax of the Murkowski administration and put forth ACES (Alaska’s Clear and Equitable Share), which incentivized development while seeing to it that Alaskans — resource owners as per the Alaska Constitution — would receive “A CLEAR and EQUITABLE SHARE (ACES) of the value of their commonly-owned oil and gas.” The result? Alaska was left with a $12 billion surplus. Also, as reported at Big Government, “The number of oil companies filing with the Alaska Department of Revenue has doubled, indicating that competition has indeed increased. Alaska has the second most business friendly tax set-up — up two spots since the passage of ACES. Additionally, a report from Governor Parnell’s Department of Revenue indicated that 2009 yielded a record high in oil jobs.”