Posted on 02/16/2011 10:49:44 PM PST by pissant
Oil industry leaders delivered a stinging rebuke of the production tax that became a hallmark of Gov. Sarah Palin's administration, telling a legislative committee Wednesday that it has discouraged investment and made Alaska a less attractive place to do business.
Representatives of BP Alaska, ConocoPhillips, Exxon Mobil and Pioneer Natural Resources said the tax cut and expanded tax credits proposed by Palin's successor, Gov. Sean Parnell, is a positive step toward encouraging greater activity and boosting oil production.
(Excerpt) Read more at sfgate.com ...
Well, I think every Republican should be known for a legacy of raising taxes on Evil Big Oil.
If she smiled at you you would understand. She did it for the taxpayers.
I will give you two indisputable Palin facts:
1. She ran Alask better than obama is running America.
2. She would run America better than obama is running America.
You moron, nothing could be further from the truth.
Trans-Alaska Pipeline System"The crude oil pipeline is privately owned by the Alyeska Pipeline Service Company."
Since the completion of the Trans-Alaska Pipeline System in 1977, the government of the state of Alaska has been reliant on taxes paid by oil producers and shippers. Prior to 1976, Alaska's personal income tax rate was 14.5 percentthe highest in the United States.[94] The gross state product was $8 billion, and Alaskans earned $5 billion in personal income.[93] Thirty years after the pipeline began operating, the state had no personal income tax, the gross state product was $39 billion, and Alaskans earned $25 billion in personal income.[93] Alaska moved from the most heavily taxed state to the most tax-free state.[94][95]
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To correct YOUR statement... the pipeline cost $8 billion to construct. HOWEVER, "we" as the US government did NOT build the pipeline, nor pay for it.
It was the largest PRIVATELY funded construction project at that time.The costs were paid by the Alyeska Pipeline Service Company.
Do you ever get tired of being an idiot? I guess you have to just accept it. lol
bttt - thanks for the info.
Not a problem. Just took a two minute web search.
Wrong moron, the government built it, it was supposed to be paid for over time, like other government deals i doubt it ever happened ,and let the welfare queens in Alaska pay their own way.
...i doubt...
At least you sourced that post. LOL
I would let your childish. Personal attacks get you taken down, since the violate the rules here, but I doubt you are worth the bother. And it let’s other see what a loon looks like.
Now if you're stupid enough to hit the abuse button after making the first ad-hominem attack then go for it.
Clown is a personal attack, you are dumber than a box of rocks.
Were you referring to yourself, Bozo?
http://www.housemajority.org/ Overview
This report reviews and summarizes information gathered over the approximate five year
period since the implementation of the Petroleum Profits Tax (PPT) in 2006, and in
2007, Alaskas Clear and Equitable Share (ACES). The report covers six critical
elements for evaluation and a section with conclusions and recommendations, as
follows:
http://www.housemajority.org/coms/hres/27/OG_Tax_Report_20110118.pdf
The state has seen new entrants into the Alaska oil and gas industry since the
implementation of a net profits production tax. At the most recent lease sale held in
October of 2010, a company new to Alaska successfully bid on over 100 tracts of oil
and gas property. The steadily increasing number of production tax returns filed
annually also indicates companies new or renewed interest in Alaskas oil and gas
opportunities. In 2006, the first year that filings were made under a net profits tax,
there were 19 companies filing annual returns. In 2007, the number of companies filing
production tax returns totaled 26, and in 2008, 36 companies filed annual production tax
returns. The filing for 2009 increased only slightly from 2008, with 39 companies filing
returns.
Not sure what point you were making to that other poster.
But the info in your post sounds wrong.
The state of Alaska owns 24% of the land in Alaska, the Federal Government owns 63% and 12% is owned privately. I believe the royalties come from state owned land, and not Federally owned land.
Besides the Feds don't allow drilling on their land which means that the American Tax payers have NO Claim.
For decades, there has been a Permanent Fund Dividend paid to every Alaska Resident of around $1,000 per year, per person.
And you are making the claim that Palin finally confiscated some of that evil Oil company/Washington DC who was “robbing” Alaska to feed the beast in Washington?
Well hear this genius, the Oil lands being drilled upon, belongs to the Federal Government in the first place. The Alaska Natives and the State residents also get a healthy share in the revenues. So nobody was getting stiffed other than the Oil Companies!
Your right on bub, I don’t know squat.
I never knew about this amazing technology what allows oil to instantaneously teleport from a federal oil reserve to the lower 48 without crossing and using the infrastructure of the State of Alaska.
I also didn’t know that no drilling happens on state owned, private property, or that the 50 mile state economic exclusivity zone off shore had been reclaimed by the Federal government.
I lived and worked at Prudhoe Bay for Standard, Chevron, BP and ARCO for 20 years. I have a pretty good handle on what goes on there. And here again, the Oil is transported down the Trans Alaska Pipeline (Alyeska) mostly across Federal land.
My original assessment of your belligerent posts still stands.
All Hail the God of Freep Land Psycho-Freep
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