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My Turn: Why I'm restoring Alaska Hire requirements

...some layoffs in the oil and gas sector. Relatively low oil prices mean depressed capital budgets, and depressed oil company investments may remain with us for some time. In these economic circumstances, Alaska hire is more important than ever...
Slope drilling reached record level in 2014

...oil-seeking by design. As we saw firsthand, the old tax structure did not encourage oil production. The increase in oil company investment and new drill rigs we are experiencing now is beyond encouraging."Senate Bill 21 (tax reform) provided the...
Oil tax bill would have immediate fiscal impact

...than the current tax structure and aimed at encouraging new production and making Alaska more competitive for oil company investment. But critics have charged his plan is nothing more than a reworked version of his previous proposals, which...
Legislative expert warns of oil tax flaws

...proposal from Gov. Sean Parnell to cut oil taxes which he says will make Alaska more competitive in obtaining oil company investment. "I believe Alaskans should be very concerned with how they compete," he said. Marks, a former state oil...
Indictments may be downfall of tax

...have an oil tax rate set to stimulate development?" he said. One way to do that is to include a tax credit for oil company investments that help them bring up more oil. The PPT includes such a credit, though Kerttula and others have criticized...
Oil tax comes up short in first year tax profits instead of just the total amount of oil extracted. It also includes a series of tax credits for oil company investment in finding and developing new oil to boost the state's economy. "We want to see what effect that is going...
Parnell oil tax cut under fire early in special session

...The evidence Butcher cited for taxes being too high sparked one of several tense exchanges.Butcher said that oil company investment was down in Alaska, contradicting information he and his department just recently provided the legislature and...
Delving deep in to Prudhoe Bay, looking for answers

...decline rate is," he said. The difficulty in identifying what the decline rate would have been without increased oil company investment in new production is there's been additional work and there's still been a 6 percent decline."If they hadn't...
My Turn: Declining oil production affects all Alaskans

...anything but a dead-end economic strategy.The way forward is to successfully compete for $4 billion annually in oil company investment dollars. Our oil tax regime needs to have the rate and method of progressivity changed. The steep slope of the...
Low taxes for more oil: Will it work this time?

...fields in Alaska are raising questions among legislators about whether it is oil taxes, or oil prices, that drive oil company investment and production decisions.In the Cook Inlet Basin, which made Alaska a petroleum state even before Prudhoe Bay...


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