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My Turn: Oil tax bill earned its demise

Gov. Sean Parnell's proposal for new taxes on the oil industry is not good legislation. Neither he nor his administration did a good job of selling this to the public. The governor's proposal attempts to undo 2007's Alaska Clear and Equitable Share, which has a base net profits tax of 25 percent and a progressivity factor of 0.4 (starting at $30 per barrel of net profit or when the West Coast spot price reaches about $56 per barrel). The proposal intends to reward the oil industry for exploration, development and production.

http://juneauempire.com/opinion/2011-04-24/my-turn-oil-tax-bill-earned-its-demis
Opinion
Oil industry's ad campaign centers on new hires

...Prices in the last year have since steadied at more than $70 a barrel. Skeptical legislators point to record oil and gas industry employment in the state during 2008 and in 2009. Department of Labor statistics show industry employment peaking at...

http://www.juneauempire.com/stories/021110/loc_561694669.shtml
News
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