• RayMetcalfe

    Absent from this debate are comparisons of owner/producer profit sharing in most countries. The big three want this question off the table. Our news outlets suffer a painful withholding of advertising any time they tell. According to ConocoPhillips’ unaudited report. Alaska’s producers were netting $17 per barrel from last quarter’s Alaska production. I doubt that the big three can point to a single other country that lets them keep more than $5 per barrel. Alaska’s big three do happily produce in exchange for an average of a $1 profit in several countries. Last quarter Alaska produce about 46 million barrels. Had we kept $12 of the $17 and let them keep $5, they would have cried all the way to the bank, and continued producing. Alaska would have received an additional $550 million. Four quarters of the same would add up to $2.2 Billion. Passing an income tax will take the pressure off of our oil company owned legislature to get your rightful share of profits from our state owned oil.