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Comment: Yesterday we editorialized about more evidence supporting Alaska's oil tax reform bill, including Caelus Energy's entry into Alaska partly in response to oil tax reform. Today, Alex DeMarban (NGP Photo) of the Alaska Dispatch provided a more in-depth report in which he editorialized that: "The departure of Pioneer from Alaska seems to cut into a major plank of Senate Bill 21, a huge tax cut for the state's oil producers that was supposed to help Alaska's dwindling oil fields overcome competition from booming shale deposits in Texas and North Dakota."
Yesterday in our report we quoted Caelus Energy President & CEO Jim Musselman's rationale: "We are attracted to Alaska because of the enormous geologic opportunity as well as the incentives, such as SB 21, that the state has put in place to encourage energy investment by independent oil and gas companies." We leave it to readers to judge whether oil tax reform has made Alaska's investment climate glass half full or empty. -dh |
DeMarban then quoted from a company spokesman. "Casey Sullivan (NPG Photo), an Alaska-based spokesman with Pioneer, said the company felt that SB 21, which boosted state subsidies for production, offered Pioneer a better long-term deal compared to the 2007 tax increase."This reader comment came yesterday in response to our commentary on 10-22-13: "Question CNBC's Cramer; Question White House Political/Economic Advisors"
It is becoming clearer and clearer to me that in order for rational policy to prevail, decent people must begin to understand that the last thing we should resort to is some government involvement. How has it become acceptable in the land of the free and the home of the brave that people instinctively seek to “be governed” whenever a problem crops up? A nation of individuals who would rather be governed than be free to make their own decisions does not have the requisite supplies of confidence to remain #1.
Stay warm.
Best,
Dan
Daniel V. Kish
Senior Vice President, Policy
Institute for Energy Research
The Alaska Gasline Development Corp. board of directors will meet Oct. 30 from noon to 5 p.m. at the Wilda Marston Theater at 3600 Denali St. in Anchorage.
The public may participate from the Legislative Information Office in Fairbanks and from the State Office Building in Juneau, or by calling 907-330-8452 for the access number.
AGDC said in the meeting notice that pertinent reference materials, if used, will be made available to members of the public wishing to participate in the meeting.
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