ACES is a proven good deal

With only a 90 day session, I have to wonder about some legislators still working on Gov. Sean Parnell’s oil tax give away, SB 21, and pushing the bill.

 

We have seen the information in the Juneau Empire and heard how there are no promises from the oil companies for new exploration or increasing production from the current fields. Governor Parnell said the bill is needed to increase oil production. Here are some of the facts as cited by Sen. Bill Wielechowski that contradict the governor.


See Also


1) The number of workers on the North Slope is at an all time high (over 13,000).

2) Investments are at an all time high (over $2.4 billion)

3) The oil companies had $35+ billion in profits from Alaska oil since ACES passed.

4) According to Governor Parnell’s consultants, investments in new wells within existing legacy fields (like Prudhoe) yield estimated returns of about 123% on Alaska oil.

Isn’t $35 billion in profits (remember that is money after expenses) enough? It sounds like ACES is good for both the oil companies and the State of Alaska.

Gary Miller

Juneau

More

To Sealaska shareholders: Support Taug for board of directors

The purpose of this letter is to encourage Sealaska shareholders to support Karen Taug for election to the board of directors. I am doing so... Read more

Develop Alaska’s natural resources

While the U.S. is distracted by North Korea and the Middle East, Russia is quietly developing Siberia and laying claim to large areas under the... Read more

Answering questions on mining ordinance proposal

Answering questions on mining ordinance proposal

Read more

Car buyers in rural Alaska can face recall reimbursement issues

Rural Alaska buyer beware: I am writing this letter to inform people in rural Alaska about the difficulties encountered when trying to get a manufacturer... Read more

Around the Web

CONTACT US

  • Switchboard: 907-586-3740
  • Circulation and Delivery: 907-586-3740
  • Newsroom Fax: 907-586-9097
  • Business Fax: 907-586-9097
  • Accounts Receivable: 907-523-2230
  • View the Staff Directory
  • or Send feedback

ADVERTISING

SUBSCRIBER SERVICES

SOCIAL NETWORKING