[KarlInOhio]

Hmmmm...wasn't I believe there was an article posted here just the other day about the state of Alaska imposing a larger tax on the oil companies giving every single Alaskan and extra $1200 on top of the $2000 they get every year. If she's not for windfall profit taxes then how did the state manage to enact the additional tax this year...just curious.

Does anyone know what is the current royalty the oil companies pay to the state for Alaskan oil? Does it automatically adjust to the world price of oil?

I like Alaska's attitude that the oil belongs to the people of Alaska, and if the oil companies pump it they have to pay for it, which gives enough to run (largely? completely?) the state government along with distributing a check to every resident. This might just be getting the payment more in line with the increased value of the oil in the ground.

[Publius6961]

BUMP

[Devilinbaggypants]

Here’s the previous article...

http://boortz.com/nuze/index.html

Pretty clear that they’re calling it a wind fall profit tax.