Today, we are pleased to provide you with a link to Tom Brennan's important commentary... embellished a bit with our own.  -dh Commentary: Tom Brennan's (NGP Photo) commentary below, notes that the Alaska Legislature seems enamored with providing tax credits to companies that explore new, potential petroleum reservoirs on Alaska state lands (i.e. most 'explorers' are relatively new to Alaska and have expressed publicly or privately a concern that if they do discover anything, production in this tax climate will be difficult or impossible).  State law provides subsidies for explorers by over taxing [...]