Alaska discovers a new way to get more oil . . . cut taxes

Discussion in 'Environmental Discussion' started by bwilson4web, Apr 11, 2013.

bwilson4web BMW i3 and Model 3

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I was conflicted about where this post belongs and have no problem if someone wants to report it to move to another forum. Just as I read the article, I realized what a big disconnect there is between technology and 'other approaches.'

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Alaska's State House is working on a bill already passed by the Senate that would overturn the state's progressive oil tax structure, which increases the taxes oil companies pay as the price of oil rises. Supporters of the overhaul bill, which was written by Republican Governor Sean Parnell, say the tax break will help boost dwindling oil production in Alaska, which was overtaken by North Dakota last year as the number two oil-producing state. (See related: "Pictures: Bakken Shale Oil Boom Transforms North Dakota," and "The New Oil Landscape.") Texas produces by far the most oil in the United States.
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Source: To Stem Fall in Oil Output, Alaska Seeks to Slash Industry Taxes

Bob Wilson

#1 bwilson4web, Apr 11, 2013

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