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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Snowshoe who wrote (259188)	7/25/2008 2:10:00 AM
From: KLP	Respond to of 793804

It would be interesting to read tea leaves and see how the raise in taxes will effect the whole process of gathering, transporting, etc the product, plus maintaining the machinery, to say nothing of the men who operate the machinery in such fierce cold and weather....It would be nice to believe solar energy from satellite/via microwave would end that problem. But it may just be opening another problem that is worse than the ones we are now experiencing..... How the state's main oil tax changes: • Base rate of 25 percent of profits, up from 22.5 percent. • Tax rate rises 0.4 percentage points for each dollar the net oil price is above $30 -- equivalent to a market price of about $50. Old tax rate rose 0.25 percentage points for each dollar above $40. • Limits the deductions oil companies can take for operating the Prudhoe Bay and Kuparuk fields. • Bars deductions for costs arising from breaking the law, aimed at corrosion repairs BP is making after Prudhoe Bay oil spills last year. • Eliminates most companies' abilities to claim tax deductions for past investments. How the tax works

To: Snowshoe who wrote (259188)	12/2/2009 5:52:38 PM
From: Snowshoe	Respond to of 793804

Alaska oil taxation update: With Palin's departure and the collapse of the federal corruption prosecutions, echoes of the old political pattern are slowly re-emerging here. I expect they'll hold us hostage until Alaska finally knuckles under and rolls back the huge production tax increase that Sarah and her former liberal/moderate pals rammed through... Oil companies curtail work on North Slope adn.com John Minge, president of BP Exploration (Alaska) Inc., told RDC members his company has three big challenges in Alaska right now: oil production continues to decline, costs are rising and taxes have increased. He said it is more appealing to an oil company like BP to invest money in the Gulf of Mexico than it is in Alaska right now, because the tax structure "is more inviting there." He said the North Slope's vast amounts of heavy oil is not economic to develop right now given current oil prices and the state's tax structure. Alaska's Oil & Gas Industry: Speaking French andrewhalcro.com Helene Harding, ConocoPhillips vice President of North Slope operations and development announced that for the first time in 45 years the company will not drill a new well in 2010. Harding went on to say that the company is shifting its focus to federal lands, which have a far more attractive tax structure than state land.