Here’s your answer:
Is she an expert in terms of how the private energy industry, and the states administration of the mineral resources, work together to advance the interests of the taxpayers of Alaska while at the same time providing incentive for the citizens and private interests to properly balance the needs for both management as well as development, the answer is an unqualified YES.
Yes, in fact, to an extent that NO OTHER EXECUTIVE HAS APPARENTLY HAD THE ABILITY TO PULL IT OFF TO THE SATISFACTION OF ALL INVOLVED.
Can Governor Palin build a Thorium reactor in her basement? Probably not.
Not looking for a petroleum engineer here. Looking for a chief exec that knows how to balance the interests of the taxpayers with the needs of businesses in a way that the agreement provides all the incentives necessary for the interests to work together.
Most politicians are fine with allowing each side to preserve their idiotic agendas so that nobody’s interests are served.
She got it done, and it didn’t depend on ideology. She found a MARKET BASED WAY TO DO IT. Give the taxpayers a check and make them partners and they’ll be more agreeable to oil companies developing their resources.
Moreover, she’s made it more attractive for oil companies to work with governors than with feds. Feds are feds in every country, and they just can’t WAIT for you to develop their resources so that one day they can nationalize it.
Doing it Palin’s way ensures that each party sticks to what its best at without creating massive bureaucracy to regulate it into a cocked hat.
Bump for later
Excellent presentation!
Okay..
Do you understand that many in Alaska have figured out that this tax is too high and is preventing further investment in the state?
http://www.makealaskacompetitive.com/documents/alaskans-support-changing-aces/
Alaska battles over how lifeblood oil is taxed
http://www.freerepublic.com/focus/f-news/2698091/posts
Parnell proposes changes to oil, gas tax to boost production
http://www.freerepublic.com/focus/f-news/2659028/posts
Oil Cos Tell Legislature Investments Lost Due to Taxes
http://www.freerepublic.com/focus/f-news/2699443/posts
Governor says he’ll pursue oil tax cut to raise production
http://www.freerepublic.com/focus/f-news/2727594/posts
Thanks for the explanation.
Royalties are fluid and change over time. It’s give-and-take (just like any business arrangement) but the state (hence its citizens) has a right to those royalties under its state constitution.
So the critics (who didn’t seem to mind before Palin entered the scene) can snipe and gripe all they want....but ACES, in some form, is here to stay.