Prop 2, Alaska ballot, is to tax the gas that is not being produced. The ad currently playing on radio from the oil/gas industry is kind of ludicrous. They don't want the tax and threaten no pipeline ever. Well, after 30 years of not producing the gas it is not impressive to make that threat. But with NG being at $5 maybe it is not the time to push for the pipeline anyway. When it was at $15 they were pushing hard. Which is also ludicrous since it will take ten years to build the pipeline and who knows where gas will be then. FWIW
Now you see the perils of being in the oil business. And yet everyone is praying for our demise. I don't get it sometimes.