6-7-15 Oil Taxes Approach the Alaska Political Spotlight Again

Comment.  Readers can be sure that when Alaska's governor calls a summit on the state's fiscal situation, the outlook for oil and gas investors becomes less certain.  (See ADN story, column left) This is because the natural course of politics is to tax entities with the most cash and fewest votes and protecting large voting blocks of beneficiaries. For example, the capital intensive oil industry employs very few, highly skilled masters of technology to produce great wealth.  Other industries, like commercial fishing and tourism are people intensive; they employ huge armies [...]