Awkward Kid Explains Oil Taxes
Totally confused by Prop 1 on Tuesday’s ballot, or just want to see an awkward kid totally own the oil companies. Either way, here’s a coffee break treat! We love this kid. And this video (especially the sign part). The oil companies have spent millions of dollars to confuse you, and make you think it’s all just sooooo complicated. It’s actually not that hard to figure this whole thing out. This kid sure did. The numbers are close, Alaskans. And to keep from sending our treasury to big fancy glass offices in Houston, and London, we need to do one…
The Oily Facts on Prop 1
By Peter Blanas Alaskans understand that oil is the economic cornerstone of our state. Alaskans are right to be concerned, that we have a healthy and productive oil and support industry. It’s also understood that the extraction of oil in the Arctic, is very difficult and expensive, and should come with a good return on investment. We want the industry to earn a healthy profit, along with Alaska, the resource owner. First, a look backward: Oil began flowing down the pipeline from the North Slope in 1977. Daily production peaked in 1988, at just over 2 million barrels a day,…