It is ironic that a Governor who is trying to increase Alaska’s competitiveness for oil investment dollars with the one hand is undermining it with the other. Yet, that is exactly what Governor Parnell is preparing to do in the coming legislative session.
The Governor correctly has identified Alaska’s current oil tax structure as an impediment to attracting the investment dollars that Alaska needs to stabilize Alaska’s current oil production levels. Most anticipate that he will announce specific proposed reforms to address the problem sometime this coming week. Continue reading