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Sat Apr 7, 2012, 06:33 PM

 

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, 2209 views

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Arrow 4 replies Author Time Post
Reply Oil industry says no to Senate's oil tax plan (Original post)
Arctic Dave Apr 2012 OP
DJ13 Apr 2012 #1
Arctic Dave Apr 2012 #3
Curmudgeoness Apr 2012 #2
Blue_In_AK Apr 2012 #4

Response to Arctic Dave (Original post)

Sat Apr 7, 2012, 06:49 PM

1. So now we need their permission?

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

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Response to DJ13 (Reply #1)

Sat Apr 7, 2012, 07:08 PM

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

 

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

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Response to Arctic Dave (Original post)

Sat Apr 7, 2012, 06:55 PM

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

they don't give a shit.

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

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Response to Arctic Dave (Original post)

Thu Apr 12, 2012, 02:36 PM

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

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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