Dump the smoke and mirrors, keep ACES

I have been following both SB21 and HB72. Most of the news centers on justification for gutting state revenues because of fear that North Dakota production is somehow overtaking Alaska production of oil and gas. This fear is fabricated since North Dakota oil comes from new “fracking” technology. It has nothing to do with Alaska tax policy. Since ACES passed, Alaska’s share of our oil and gas has increased dramatically while oil production has also increased, jobs have increased and the “take” by oil companies has been higher than in most other locations where they operate. New oil companies have come into the state, bid up leases, began exploring. Until recently most oil producers recognized the good deal they have here. Now suddenly Gov. Sean Parnell argues that oil companies demand a greater tax break. I seriously doubt this. I suspect we are witnessing another round of hard sell lobbying by both the Administration and a few of his oil company friends. I urge readers to view the charts and graphs Sen. Bill Wielechowski has created to debunk the myths surrounding Governor Parnell’s oil tax proposals. Our future depends on a morally honest discussion, free of smoke and mirrors.

Marsha Bennett

Juneau


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