NEWS: More Declining Production: Updated Numbers Show Decline Continues at Least to 2024
February 10, 2014
JUNEAU – Today, upon learning the Alaska Department of Revenue now predicts oil production declines to accelerate through 2024, down to 285,000 barrels per day, Representative Les Gara (D-Anchorage) called on the Parnell administration to provide information about what has changed since its push last session to roll back oil production taxes.
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Rep. Tuck’s Community Connection: Alaska’s Finances Fall into Ruin while Oil Companies Make Blockbuster Profits
February 7, 2014
The final session of the 28th Alaska Legislature is well underway. As we wrestle with such issues as a constitutional amendment change to allow state funding of private schools, or whether Alaska should become an investment partner in a future gas pipeline, it is critical that we also stay focused on Alaska’s fiscal situation.
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Note from Rep. Gara: Oil Tax Rollbaack: Documents Undermine “Million Barrels a Day” Promise
February 7, 2014
When does 370,000 equal 1 million? Only in politics.
Last year, to get the votes to roll back Alaska oil revenue by over $12 billion in the next decade, the Governor told voters they could expect a 100% increase in production by 2023 to “1 million barrels” of oil a day. Nice sound bite. Not accurate.
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NEWS: Parnell Administration: Gov’s 1 Million Barrel Goal Not Going to Happen
February 7, 2014
Today, Representative Les Gara (D-Anchorage) and Senator Hollis French (D-Anchorage) called on the governor to concede his massive oil tax rollback (SB21) will continue a steeper decline in oil production than the law it replaced.
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NEWS: “New” Oil Regs a Fool’s Errand, Need More Work and Review
August 26, 2013
Democratic Legislators highlight big risks in draft Oil Wealth Giveaway regulations
JUNEAU – Today, Alaska Democratic Legislators warned of significant risks, impossible expectations, and the potential for industry to game the system in their official comment letter to the Alaska Department of Revenue on its proposed regulations for Senate Bill 21, the governor’s oil wealth giveaway.
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