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Economist Says Tax Terms Must Be Locked in to Attract Oil InvestmentsRelated Content
ANCHORAGE - A consultant told lawmakers they need to lock in tax terms in order to attract oil investment. Pedro Van Meurs began two days of presentations to state senators by urging them to seek contracts of 10 to 25 years for all major development projects on the North Slope. Senator Hollis French (D-Anchorage) objected that fiscal certainty would violate the state constitution, but Van Meurs said it's the only way for Alaska to compete. "The reason is the history of Alaska terms have changed here rather significantly over the last 15 years,” said Van Meurs. “I think investors would be more concerned about changing terms than they would be in Alberta, Australia or the Lower 48." "More a question of whether this body would pass a resolution to change the constitution and the people of the state approving it,” said French. Van Meurs represented former Governor Frank Murkowski when the governor proposed a contract for a gasline that would have tried to lock in oil taxes for 30 years and gas taxes for 45 years. The legislature never voted on that proposal.
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Anonymous said on Tuesday, Feb 14 at 1:55 AM
Glad to see Hollis asking good questions...and issues that the governor hols in secret just proves he worse then Palin with back room deals...shaking hands has a new meaning in politics eh Parnell...Palin taught him how sacrifice himself..
81345151bendigo said on Tuesday, Feb 14 at 7:49 AM
There are 3rd world countries with better reputations than Alaska for not raising taxes after the fact. Nut-bars like French scare away investment.
81356542oil feild worker said on Tuesday, Feb 14 at 10:38 AM
RAISE THE TAXS ON ALL OIL PRODUCERS OCT TO DEC BP MADE 7.6 BILLION NET. In THE LATE 70s AND EARLY 80s 2 MILLION BBLs A DAY DOWN THE PIPE LINE OIL WAS ABOUT 8 to 10 DOLLARS A BBL. NOW AT 100 DOLLARS A BBL 600,000 BBLs A DAY DO THE MATH. NOW THE NORTH SLOPE OF ALASKA HAS ALL THE OIL AND GAS THE USA WILL NEED FOR A LONG TIME BUT. THE PEOPLE IN THE LOWER 48 AND THE FEDs WONT LET US DRILL IN OUR OWEN STATE.
81366138geemoney said on Tuesday, Feb 14 at 12:14 PM
when they reach a certain number of barrel through the pieline give them a break promotes exploration and production!!!
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