Home Forums Hunting & Shooting Hunter's Campfire Oil Companies Deceiving Alaskans

US4PALIN: Ron Devito Wednesday, July 23, 2014
Oil companies deceiving Alaskans about who owns the resource with an expensive PR campaign former Governor Sarah Palin said in a phone interview with Alaska Dispatch�s Laurel Andrews. �It is very important for Alaskans to read the [state] Constitution and realize who owns the oil versus allowing crony capitalism to sneak back into our state and result in more Corrupt Bastards Club members,� she said.

Gov. Palin signed Alaska�s Clear and Equitable Share (ACES) into law. The tax system passed with strong bi-partisan support.
When Gov. Palin resigned her office and Gov. Parnell took over, he promised to maintain the Palin administration�s agenda 100%.

But, Gov. Parnell quickly reneged and waged a three-year war on ACES.
Gov. Parnell, a former ConocoPhilips lobbyist got what he wanted in the form of SB-21 the tax system that replaced ACES.
Some of the legislators who passed SB-21 are active employees in the industry. Clear conflict of interest and more of oil companies deceiving Alaskans.

Under ACES, Alaska enjoyed a $16 billion surplus as Gov. Palin left office.
ACES provided tax credits to companies that explored for new oil and gas.
SB-21 passed under the guise of increasing production has done no such thing and offers no incentive for new exploration.

Gov. Palin defended ACES on the Bob and Mark show more than two months ago. �Alaskans own the resources,� she told them. Under ACES all stakeholders shared in the energy market�s ups and downs.

Gov. Palin plans to post about the issue in the coming days or weeks. �It�s a big enough issue nationally that we want people to understand: we fought crony capitalism once before. People ended up going to prison for it. We want to make sure Alaskans don�t get schnookered again.�

AK Backbone and Vote Yes! Repeal the Giveaway got a referendum on the primary election ballot to repeal SB-21. Oil companies deceiving Alaskans to vote against the referendum and keep their patron�s SB-21.

�The future of Alaska is to develop our oil and gas reserves � but to do it ethically, to do it right, to do it responsibly. That comes down to Alaskans doing their homework, reading the Constitution, and remembering who owns the resources per our Constitution� she said.

"Chrony capitalism"..............she needs a new line, that one is getting old and tired.

And we'll be voting No on 1 next month.

I'll bet that you know each time Sarah takes a crap.

I think the state and nation would be shocked if we realized how much self serving legislation was actually drafted by industry reps.

I have to pay to live in Oregon.

They wrote the ACA.

Let's see; about 500, or so, in Congress and + 36,000 registered lobbyist in D.C. and who runs this country?

The lobbyist that pays the largest non-taxable bribe?

yes vote here....bill walker said so .. there is a reason the oil company's are running/spending 16 mill on ads http://itsouroilalaska.com/slideshow.htm

Aces has nothing to do with who owns the resources, the resources were sold to the oil companies when they bought the leases to the oil fields.

What Aces is about is taxing the oil companies to the point that they have been investing elsewhere, and why Alaska is now the 4th largest producer of oil in the US, and has fallen behind California.

If Sarah was truly a conservative she would not be for taxing an industry to the point that it is not making new investments in the state, and that's exactly what ACES did. It's only since SB-21 that the oil companies have been beginning to invest in new projects.

deceiving Alaskans .... LOL .... hell, Exxon is fu-king all of us.

How so, Hotload?

do you buy gasoline ? .... it cost too fu-king much

hot button issue here for sure


damned if you do


damned if you don't


we may own the oil but thanks to the EPA and all the layers of gov't regulation, there's only a few players big enough to pull that oil outa the ground


I'm not for giving the oil companies a bigger cut, I think Parnell's piece of legislation went too far in that regard


but it's also a fact that oil development dropped too low under the ACES that Palin signed into law (and then promptly sent us all a $1200 windfall check, didn't seem very conservative to me)

I think taxes for the oil companies were too high under ACES

think they'll be too low under Parnell's giveaway program


but if we want Alaskans working in the oil industry, NO seems to be the best shot we have

"but if we want Alaskans working in the oil industry, NO seems to be the best shot we have"

My thoughts, exactly.

Do not blame Sarah and what she accomplished in open meetings for what Gov. Parnell and his big oil buddies have done behind closed doors since Sarah was forced to resigned.

There were a record number of oil industry jobs in each year from 2007, when ACES was implemented, to 2009.

The number of oil companies filling taxes with the state of Alaska doubled between 2006 and 2009. This includes a number of independent and foreign oil companies.

Natural resources and logging jobs increased 13.7% during Governor Palin�s tenure according to Alaska Department of Labor and Workforce Development data.

Add this to all the other stuff Gov. Palin worked for and Standard & Poor�s raised Alaska�s credit rating from AA to AA+ in April, 2008 and to AAA in January 2011. Moody's when to AAA in November 2010.

Now the trend is all downhill.

Oil companies pay next no taxes when oil prices are low; but when democrats are in office, and oil prices go through the roof, Alaskans make bank. Of course we have the highest the gasoline price in the nation.


https://www.opensecrets.org/industries/indus.php?ind=E01

Having worked in the oil industry in Alaska for 17 years I'd say I have a better grasp of the reality of the affect of aces than someone in the Ozarks.

The oil industry is like a large ocean going vessal, it takes time to change directions. Due to the pipeline failure and spill at the GC2 transit line, and ongoing projects, there were several years of construction that had already been engineered when Aces passed.

After Aces was passed, the engineering firms had a strong contraction, all the contractors that had been brought in to work those projects headed South, and all the engineers and designers struggled to keep employed during the downturn and many left the state.

Engineering has just started to rebound the last year or two and the next couple of years look promising. That means that module construction will start to pick up this year and next, and construction on the slope will pick up the following year and beyond.

How any "conservative" can beat the bandwagon about how wonderful high taxes are for the economy or jobs baffles me, but then again Sarah is anything but a conservative when it comes to business, taxes and government spending.

I'll get the popcorn. lol

The EPA is our real friend

http://www.24hourcampfire.com/ubbthreads/ubbthreads.php/topics/6841077/Re_Pebble_Mine#Post6841077

Another episode of Sarah knows best.

My opinion is that states need to act like ranchers when it comes to taxing natural resource - the "severance tax", the rancher also taxes in the form of a royalty. The rancher will mange his land and his mineral contracts so that he receives the highest possible return on his asset, while at the same time conserving and protecting his land.