Restoring oil flow requires huge investment, consultant says
http://www.adn.com/2012/02/13/2316100/advisor-restoring-oil-flow-a-huge.html#storylink=cpy
excerpted:
About 600,000 barrels currently flow through the pipeline. Parnell wants to reach his target within a decade.
Increased production considered vital to Alaska’s financial future. About 90 percent of the state’s unrestricted revenue comes from oil taxes.
Van Meurs, a consultant to the Legislature, said the changes he’s proposing — which he plans to lay out over two days of hearings — would lead to $7.5 billion in additional investment. Part of his plan calls for the state to define competitive, fixed fiscal terms for its oil and gas resources, such as new and existing light oil, heavy and ultra-heavy oil, natural gas and shale oil.
He also calls for offering fiscal stability for large new projects.
Van Meurs said it would be difficult to introduce the changes he’s proposing in what he called a somewhat unfavorable political climate in Alaska.
...
In his calculations, van Meurs said he was not taking into consideration plans for Arctic offshore development, in particular by Shell. Under current federal law, the state doesn’t reap taxes from oil produced miles offshore in federal waters.
SHHHHHH!
Announce it AFTER the fact, least the ghestapo get wind of it and STOP YOU!
Obama does NOT WANT more energy in the lower 48!!!
He will now stop you!