Alaska

Arctic Dave

(13,812 posts) Sat Apr 7, 2012, 05:33 PM Apr 2012

Oil industry says no to Senate's oil tax plan

Oil industry officials panned the Senate's oil tax plan Friday, saying it raises taxes at certain prices, complicates the tax structure and won't lead to the kind of investment the state wants to boost oil production.

BP Alaska proposed changes to SB192 in testimony before the Senate Finance Committee. The company's head of finance for developments and resources, Damian Bilbao, said its proposed changes would have the same punch as Gov. Sean Parnell's tax cut plan -- what BP and others in the industry see as meaningful tax change.
That means at $120-a-barrel oil, Alaska would lose $2 billion in revenue, compared with $277 million under the Senate plan, committee co-chairman Bert Stedman said. He said some senators think the Senate plan gives away too much money as is.
He said he would have been surprised if the companies didn't support a bigger tax cut.

Read more here: http://www.adn.com/2012/04/06/2410553/senate-oil-tax-plan-complicates.html#storylink=cpy

THE OIL CORPORATIONS SAY?!!!

4 replies

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Highlight:

Oil industry says no to Senate's oil tax plan (Original Post) Arctic Dave Apr 2012 OP

So now we need their permission? DJ13 Apr 2012 #1

I say we cut out the middleman and nationalize our oil production. Arctic Dave Apr 2012 #3

I say no to funding wars with my tax dollars.... Curmudgeoness Apr 2012 #2

It must be a circus in Juneau these waning days of the session. Blue_In_AK Apr 2012 #4

DJ13

(23,671 posts)

1. So now we need their permission?

Reply to Arctic Dave (Original post)

Sat Apr 7, 2012, 05:49 PM

Apr 2012

Why dont we cut out the middlemen (& women) and just elect corporations to office?

Arctic Dave

(13,812 posts)

3. I say we cut out the middleman and nationalize our oil production.

Reply to DJ13 (Reply #1)

Sat Apr 7, 2012, 06:08 PM

Apr 2012

The Satae of Alaska can manage a contract just as well as they can.

Curmudgeoness

(18,219 posts)

2. I say no to funding wars with my tax dollars....

Reply to Arctic Dave (Original post)

Sat Apr 7, 2012, 05:55 PM

Apr 2012

they don't give a shit.

So....why would they need the oil industry's permission?

Blue_In_AK

(46,436 posts)

4. It must be a circus in Juneau these waning days of the session.

Reply to Arctic Dave (Original post)

Thu Apr 12, 2012, 01:36 PM

Apr 2012

Parnell is such a petulant little bugger. I just can't stand him and his "my way or the highway" attitude. Doesn't he know that we all know that he's an oil lobbyist and that's where his sympathies will always lie. I think we should tell all the oil companies to hit the road and then take them over ourselves. We can take over those Koch refineries, too.

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