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Alaskans deserve fair share of oil revenue

Alaskans deserve a fair share for the oil produced in this state. Alaska's Constitution says all Alaskans own our oil in common, and it should be developed for our "maximum benefit." We also need to encourage production, and jobs. That's something the Army Corps of Engineers didn't help with when it blocked needed oil development in the National Petroleum Reserve this year. The truth is that achieving both goals is complex, and if we want strong production and a fair share of oil profits so we can fund our schools, roads, public safety and savings, we need to put aside the sound bites of campaign season.
Think about raising taxes on oil companies law could have effects on domestic oil supply, changes that increase the taxation on income from marginal oil and gas investments will discourage domestic oil and gas production. To the extent that domestic oil production would be reduced...
Persily: Don't get discouraged about gas pipeline

...really need the gas pipeline project. We need the revenues and the jobs, but mostly we need it to attract new oil and gas investment," Persily said. "The producers have other options, but we don't." The state could encourage industry to...
Tax tweaks worth $550 million to industry

...credits should be tweaked to boost investment. Alaska now has a 20 percent tax credit for all qualified upstream oil and gas investments and a separate 30 percent credit for exploration wells outside existing fields, as well as a 40 percent exploration...


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