News Miner by Jeff Richardson. Jim Plaquet has crunched the numbers, and he presents a few pieces of scratch paper filled with tiny handwritten figures to prove it. Contractors, welding shops, trucking companies and more — they’ve all seen an employment boost since the Legislature passed Senate Bill 21, its industry-friendly overhaul of the state’s oil tax structure. Last winter — the first production season since the new system was signed in 2013 — included a hiring spike that hasn’t been seen in years, he said.
In this interview piece, PNA's Steve Quinn asks Alaska Gas Pipeline Federal Coordinator, Larry Persily (NGP Photo), about chances for the current Alaska LNG project.
A mid-august primary election ballot question asks voters whether to repeal tax reform (SB 21). Oil tax reform attracted approval of the Governor and a majority of the legislature over a year ago after over two years of intense study, public meetings and hearings.
Yet, soon after it passed, an interesting coalition of some legislators who voted against tax reform--along with various environmental activists and several union leaders--filed the required number of signatures to put the repeal of SB 21 on this month's ballot.
Many have said that if tax reform is pulled back, the degree of uncertainty for Alaska projects will be so great that chances for the gas mega project will be mortally wounded.
Quinn and Persily seem to have revealed through their analysis the realistic benefits that could be achieved from monetizing Alaska's vast, proven reserves of natural gas.
Those voting to repeal tax reform are taking a big gamble with the state's future: Do we want to squeeze every last drop of blood from the turnip now without regard to keeping a seed crop for future generations; or, do we want to have an investment climate reputation of stablity, reasonableness and long term vs. short term thinking?
The decision is at hand.
Fairbanks News Miner, by Matt Buxton. With less than three weeks before voters decide the fate of an oil tax system the industry has spent millions to defend, ExxonMobil invited a group of reporters to visit North Slope’s Point Thomson gas field. Reporters from the Fairbanks Daily News-Miner and Anchorage-based media outlets took an ExxonMobil flight on Thursday to tour what is said to be one of the busiest places of development on the North Slope.
Dingman Would Sacrifice Short Term Cash Cow For Long Term, "Environment of Economic Stability"
ADN Column by Mike Dingman (NGP Photo). After all of the talk of the past oil tax systems, the fluctuating price of oil, the world market, the domestic market, heavy oil, offshore oil, progressivity along with a litany of confusing acronyms, we are left with one, very important fundamental question -- do we want our oil tax system to be a short-term cash cow or do we want to create an environment of economic stability on the oil patch and ensure high-paying jobs for Alaskans.