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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: Sdgla who wrote (41683)	4/20/2013 12:21:24 PM
From: koan	Read Replies (1) \| Respond to of 85487

If you believe that I have a bridge to sell you. Parnell was a lobbyist for Exxon and an executive for Conoco. When he quits being governor the oil companies will give him millions! <<Alaska lawmakers slash oil taxes, hope to spur output While the old tax system produced billions of dollars in surpluses for the state treasury, it meant Alaska's tax rate topped 50 percent when oil prices were high. Governor Sean Parnell, Palin's successor, said the cut would set the stage for future growth as the state tries to reverse decades of declining oil output. "We are signaling to the world that Alaska is back, ready to compete, and ready to supply more energy once again," Parnell, who introduced the bill, said in a statement.

To: Sdgla who wrote (41683)	4/20/2013 5:32:56 PM
From: Brian Sullivan	Read Replies (1) \| Respond to of 85487

ConocoPhillips to increase Alaska production ANCHORAGE, Alaska (AP) — Just days after the Alaska Legislature lowered taxes on the oil industry, ConocoPhillips announced plans to boost investment on North Slope fields. ConocoPhillips is planning to bring an additional rig to the Kuparuk field this spring and working with co-owners to fund a new drill site on the Kuparuk River field, the company said in a Wednesday announcement. It's also beginning the regulatory and permitting stage and starting engineering for the Greater Moose's Tooth unit in the National Petroleum Reserve-Alaska. "These are some examples of the activities ConocoPhillips plans to kick off in the near future to help bring new investments and produce more oil from legacy and satellite fields," ConocoPhillips Alaska President Trond-Erik Johansen said in a release. How much this would cost the company wasn't immediately clear and probably wouldn't be until the company completes it's planning and engineering process. businessweek.com