“So this previous governors administration claiming conservative credentials was more in favor of raising taxes than promoting jobs and local production.”
COMPLETELY IRRELEVANT to this discussion.
“That is ridiculous. Hydraulic fracturing has been used by EVERY major oil/gas company for decades.”
But the latest explosion in production has been driven by the smaller companies, not the big boys. They sat on their leases and let others get the jump. Now they are playing catch-up and they don’t like that one bit.
As for not drilling in Alaska: these companies KNEW the RULES and the tax rates when they bought the leases.
There is plenty of drilling and expansion in this increase. ConocoPhillips is one I am dealing with.
As for not drilling in Alaska: these companies KNEW the RULES and the tax rates when they bought the leases.
Now maybe I can get you to understand. After they bought the lease, spent the money on drilling and building infrastructure, then Alaska raised the tax rates.