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AOGA Opposes Senate Oil Tax Bill

Alaska Oil and Gas Association

AOGA opposes latest version of SB 192

The Alaska Oil and Gas Association officially opposes SB 192 version Y as passed this week by the Senate Finance Committee. The Senate’s latest version of the bill fails to provide the incentives for increased industry investment and oil production from North Slope fields.

As AOGA’s member companies have testified, SB 192 actually increases taxes further for some producers. The bill has also failed to solicit investment commitments from any of our members, in contrast to the $10 billion in commitments made in response to HB 110.

SB 192 Version Y will clearly not accomplish the goal of increasing production in TAPS in a meaningful way.

AOGA believes it is better for the Legislature to pass something meaningful. SB 192 is not the solution and the Senate should not pass it.

AOGA members testify against SB 192

Several AOGA members testified before the Senate Finance Committee on SB 192 last Friday and overall, the industry is opposed to the bill because it does not sufficiently change the tax structure to encourage increased oil production. AOGA and its 16 members continue to advocate for meaningful changes that will give the state’s largest economic driver a kickstart.

Even though the session is in its final days, your voice still matters. We encourage you to read the testimonies of our members and to contact your legislators. You can encourage them to make meaningful reforms now, and to vote no on any bill that does not provide for positive changes. 

You can review the testimony from last week’s Senate Finance Committee meeting here.

Meet Don Gray

As the Vice President for Health, Safety and Environment at ASRC Energy Services, Don Gray has seen firsthand how Alaska’s oil taxes have impacted investment. The ASRC Energy Services' Fabrication Shop once employed more than 150 workers. Today it’s down to just 15.

Don is a husband, father, Alaska Native and hard-working Alaskan with real concerns about the state of our economy. Don and his wife, Teresa, have three children and live in Anchorage. They all appear in a new AOGA television ad.

Read more

 

May 4, 2012 12:15 am
 Posted by  RayinAK

Index to oil tax rates from around the world
1. Iraq. Sources, Business Week, Wall Street Journal, 98%
2. Abu Dhabi …in the UAE …………….. Business Week ..…..… 98%
3. Kuwait …………..…… Source, Bloomberg Business News….. 98%
4. Iran.Source, AK oil consultant Dan Johnston.......97%
5. Venezuela, Source, AK consultant Dan Johnston .. 96%
6. Venezuela Heavy Oil .Source, U.S. Interior dept 95%
7. Algeria ………………..…….… Source, Chevron …….………….. 94%
8. Mexico . Source, Gov of Mexico …............. 94%
9. Malaysia, Source, U.S. Interior dept .......93%
10. China onshore …….…………. Source, Chevron …. 92%
11. Libya … U.S Government’s Dept of Interior 91%
12. Kazakhstan onshore …..… Source, Chevron 90%
13. Angola offshore.U.S Gov Dept of Interior.90%
14. Oman .. Source,consultant Dan Johnston .88%
15. Yemen, Source, Daniel Johnston ........ 88%
16. Russia ……………..….… Source, Chevron ………… 88%
17. United Arab Emirates Source,Dan Johnston88%
18. Saudi Source, consultant Dan Johnston ..88%
19. Syria Source, Daniel Johnston ....... 87%
20. Nigeria Source,.....Daniel Johnston ….87%
21. Nigeria ……Source, Chevron ………......... 86%
22. Angola onshore, Source,Dep of Interior.86%
23. Indonesia Source, Dan Johnston ........86%
24. Louisiana Source, Dept of Interior .85%
25. Tunisia, Source, Daniel Johnston ... 84%
26. Columbia onshore Source, U.S. Gov . 82%
27. China offshore.Source,InteriorDept 80%
28. U.S. Gulf of Mexico shelf,U.S.Gov.79%
29. Kazakhstan offshore.Source, U.S..78%
30. Norway.. Source, Gov of Norway..78%
31. Kazakhstan offshore.Source, U.S..78%
32. Texas.Source,Dept of Interior ….76%
33. Alaska.Source, Dept of Interior 76%

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