>> “Do you understand that many in Alaska have figured out that this tax is too high and is preventing further investment in the state?” <<
Hey, you’re pulling one here. Federal policy is what is preventing resource development in most of the state, not the tax.
Otherwise, you’re right on.
Alaska has Oil Shale on state land and Great Bear Petroleum wants to develop it. But the current tax structure makes it uneconomical while places like the Bakken, Eagle Ford and the Permian Basin in the lower 48 are drilling like crazy.