[dropcap]T[/dropcap]oday BP is in a joint venture with a Chinese company. Together, they are producing 3 million barrels per day from Iraq’s Rumaila field. The two companies share a payment of $4.2 million per day for their services. Today BP, ConocoPhillips, and Exxon are providing the same service for Alaska with one big difference. In […]
As demonstrated by 12 bribery-related federal indictments and ten bribery-related convictions, we Alaskans live in a very corrupt state. Between February 2008 and August 2010, 12 Anchorage Daily News headline stories pointed out that Veco owner Bill Allen, the man who bribed so many of Alaska’s legislators, had also been investigated by the Anchorage Police Department for alleged sexual activities with […]
Ever wonder how Alaska's relationship with oil companies compares to other such relationships around the world? Articles explaining such relationships frequently appear in newspapers all over the country but such articles seldom appear in Alaska.
The money Senate Bill 21 gives back to BP, ConocoPhillips, and Exxon will leave Alaska with about the same amount of income Alaska had from oil in 2002 when the discontinuation of dividends and re-imposition of the income tax was the primary issue of the 2002 Governor's Race.