So this previous governors administration claiming conservative credentials was more in favor of raising taxes than promoting jobs and local production.
If the taxes are too high, GO ELSEWHERE.
That was the point, they are. The new drilling in Alaska is dismal while those same operating companies expand production in Canada and other locations.
The majors were slow to realize the potential of fracking
That is ridiculous. Hydraulic fracturing has been used by EVERY major oil/gas company for decades.
“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.