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.

2 bad most of the so called Alaskans are ....NOT.....Alaskans ....near on 50% ..... yes vote for me! http://www.adn.com/article/why-are-north-slope-jobs-being-outsourced

Well done, twice.

Says the man who works for Big Oil. Big Oil is out in full force pushing for the good old days.

"ConocoPhillips employees steer Alaska oil tax cut bill through Legislature�

Alaska Dispatch News7/14/14 �Much of the discussion surrounding our oil taxes is driven by emotion and ideology instead of facts. Most Alaskans want a vibrant oil industry that generates good paying jobs, keeps the oil flowing for years to come and provides Alaskans with a fair share of revenue. Here�s why voting to repeal SB 21 will jeopardize these goals.
My firm represents many of the independent oil and gas companies operating in Alaska.�

Oil boom bypassed Alaska because of ACES
By Harmon Hall As every business person knows, Alaska can be a tough place to do business.
Much of what makes it such a challenge here is out of our control: high costs, distant markets, harsh weather, small workforce. What we can control is how we treat our businesses � and that�s why it�s so important to vote NO on 1, Aug. 19.

However I do not believe Ivan Moore lives in the Ozarks...
THE MOORE REPORT: ACES High - Anchorage Press
May 23, 2014
Ivan Moore | Updated
So far, the oil industry in Alaska has spent almost $10 million trying to convince Alaskans to vote against their interests by saying no to the repeal of SB21.
Their return from this investment? In February, a national polling firm called PPP did a poll in Alaska and found the repeal of SB21 passing 43 to 31 with 26 percent undecided. Three months and millions of dollars later and it�s 45 to 34 with 21 percent undecided. A one-point gain. (Frankly, for an industry so obsessed with return on investment, this is freaking hilarious.)
And what�s the constant refrain of this barrage of advertising? ACES is a jobs killer! SB21 is creating jobs! The labor camps on the North Slope are teeming! Let�s get Alaska moving again! A steady stream of �workers� appear on our TV screens telling us that ACES was evil and had us on the road to ruin, and that SB21 will save us. Hallelujah and pass the Kool-Aid.

Now, the folks over at ItsOurOilAlaska.com do not have $10 million.
So out of the goodness of my heart and to help them out a little bit; here is some of their stuff:
Myth #1: ACES was bad for oil company jobs.
FALSE!�Under ACES, all Alaskans benefited.� More Alaskans got jobs in the oil patch and oil companies invested more in Alaska.� This helped to grow our economy and improve everyone�s quality of life.
ACES went into effect starting July 2007. For the last complete year before that, July 2006 through June 2007, state statistics show an average employment of 10,850 oil and gas workers in Alaska. The final year of ACES, 2013, had average oil and gas employment of 14,150.� An increase of over 30 percent in six-and-a-half years, or an annualized increase of a little over four percent per year

Myth # 2: SB21 will increase non-oil industry jobs.
Let's Compare!�Under ACES spending on public works projects provided jobs for an estimated 125,000 Alaskans. Under SB21 the state is experiencing a massive deficit which will soon make public works spending a thing of the past. We're already facing the loss of teachers and other public sector jobs. Whose job will be next?

Myth #3: SB21 is responsible for oil service company hiring.
The oil services are growing in large part from projects that were begun before SB21 took effect. These new jobs would have been created under ACES as well.

Myth #4: A vote for repeal is going to kill Alaskan jobs.
Are you kidding? The big oil companies' highest margin of profit is right here in Alaska. Does anyone really think they will pull out of Alaska if they are required to work under a fair and equitable tax structure?

Fact #1: The oil tax giveaway is a JOBS GIVEAWAY
On October 3, 2013, BP told the Fairbanks News-Miner that thanks to SB 21's tax cut BP will now create 200 new Slope jobs. A positive statement unless one calculates how many jobs the state of Alaska could have created with a billion or two.
One billion dollars is enough to create 10,000 jobs that pay $100,000 per year; 2 billion could create 20,000 such jobs. The oil tax giveaway is a JOBS GIVEAWAY

Fact #2:�Alaska unemployment higher than national average for first time in years
The latest jobs report showed that even adjusted for seasonal employment, Alaska is falling behind the rest of the United States.

Fact #3: State spending on public works projects provides good jobs.
Under ACES, spending on public works projects provided jobs for an estimated 125,000 Alaskans. As our revenue dries up and our savings are spent - these jobs will be the first to disappear.
� 2014 ItsOurOilAlaska.com Phone: E-mail Us
Paid for by Vote Yes - Repeal the Giveaway, 1231 W. Northern Lights Blvd. #846, Anchorage, AK 99503.
Vic Fischer, chair, approved this message.

Oil royalties and taxes pay for almost all of the state expenses. Vote no on one. If hollis French is for it aces it must be wrong

It all comes down to this.
You can believe Big Oil and their $10 million dollar campaign.
Or you can believe Sarah Palin and those who support her view.
If I had a vote, I would be looking real hard at what each side has to gain or lose.

Gunny french is a tool... Im voting No to this i dont know why folks sing the praises of sara palin she did more harm than good.

The problem is we have fewer Alaskans and more low-watt DSMF L48er transients that really have no stake here, and have no intention of sticking around after they make their quick buck, that are voting and making a lot decisions that affect our future.

They couldn't give a schitt less what our Constitution says.

I'm in favor of driving a stake through the heart of ACES.

A good article


http://www.popularmechanics.com/sci...ife-is-left-in-the-trans-alaska-pipeline

Everyone one in Alaska benefits from oil, but many don't grasp this simple concept.

The math is complex, but lets use simple numbers to be illustrative. What would benefit the state more, a 25% cut on 500,000 bpd, or a 20% cut on 1,000,000 bpd?

Oil production will always decline unless you keep investing in new fields and EOR. So you can tax the heck out of what the existing infrastructure will produce, or you can ease the taxes so the oil companies will increase production, and you'll take in more money because you are producing more oil.

Do some research, Sarah is about big government, not less government.

Alaska's problem isn't that it doesn't tax the oil industry enough, it's problem is that it has institutionalized profligate government spending for decades. The only reason the state got away with that was due to massive petro dollars.

If we can be rational human beings instead of emotional creatures then we can look at the oil companies like any other company. There goal is to turn a profit, and there is nothing wrong with that. Just as I assume everyone here would like to do the same when they invest their own personal funds.

So, if have the option of investing fund A or fund B, and fund A yields 5%, and fund B yields 10%, where are you going to invest your money? That is exactly how oil companies look at it. How they factor in their return is a combination of how much it will cost to build a facility, how much it will cost to operate that facility, and how much they will have to pay in royalties and taxes. Because of the remote and harsh nature of Alaska's oil fields, salaries of it's works, and expense of flying their work force, housing that work force, and shipping the oil Alaska is one of the most expensive places in the world to produce oil. So to counter that, taxes need to be in line so that Alaska makes the oil companies a profit on their investment.

Raise the taxes too high, and they take their investments elsewhere. Just as any other business or individual would do.

http://www.nbcnews.com/id/5111184/n...ses-public-lands-go-unused/#.U9KgJONdWaQ

https://sarahpalinchannel.com/updates/securing-alaskas-future-to-secure-our-nation/

I think you have hit the nail on the head. The real problem with the Parnell give-away was the big 3 oil Cos. made a promise with a wink and a nod to drill more...if the market was just right..if it made finical sense...if they felt like it. You don't give away anything based on a toothless promise. I think giving the Oil Cos a tax break is a good idea if it is tied to firm targets that they must meet in order to obtain the tax break. Make it a progressive tax break but don't give away the keys to the treasury based upon a promise.

Did Palin just take a dump?

And for the low low price of $9.99 a month you to can support the Palin family!

Give me strength!

Yup. She named it Walt.

I like Sarah but this household will be voting NO on prop 1.

The recent capital investments on the North Slope are incredible and provided income for thousands of working folks. Higher taxes only feeds an already bloated bureaucracy and can never match the spending habits of our Legislature.

If we weren't exporting US oil to other countries, I might agree.

http://www.businessweek.com/article...s-dot-double-its-crude-exports-in-a-year