[Eska]

I'm not going to argue about oil taxes. The oil Industry wants the oil for free. Majority of Alaskans have watched this debate their entire lives and Repub & Dem alike in our legislature will never give oil the tax reduction they want; for good reason. Alaskans don't believe the oil industry when they give the Feds one set of numbers & Alaska a completely opposite set of numbers. There will be oil flowing for 75 years no matter what the oil industry claims and their bought & paid for politicals (Parnell) threaten. There are 7 billion barrels of recoverable reserves still in Alaska I read.

It's all the same old game to increase oil company profits that Alaska has watched for 30 years. No offense Thack, I live here too. It's plus 31 here today. I'm going to fire up the skandic and enjoy this nice weather.

[thackney]

The oil Industry wants the oil for free.

That hyperbole has never been the goal. I listened to a presentation by ConocoPhillips last week that hoped they could get to 65% total taxes/royalties/etc. They expect something higher but hope for a combined total of 65%.

[thackney]

Alaskans don't believe the oil industry when they give the Feds one set of numbers & Alaska a completely opposite set of numbers.

If you have the time, I would enjoy reading about that claim. Any time, you know my interest is long term.

There are 7 billion barrels of recoverable reserves still in Alaska I read.

There is more than that, if it wasn't taxed at 85%. Proved reserves have to be economical to recover as well as by available technology. However, there is also far more than that in the lower 48 and in Canada. Alaska is not the only choice for the investment dollars. For Natural Gas as well as Oil. ConocoPhillips is selling LNG in different parts of the world, they would do it here if it was a reasonable tax and some assurance it wouldn't jump back up after the investment.