No, she vastly increased royalties on Alaska's oil. Before Palin the stuff was being given away at a bargain price. Now the royalty is more reasonable - though much lower than e.g. the Iraq fields charge.
Alaska owns that oil. It's ok to charge money for it - especially if you give the money directly to Alaskans.
I'm talking pipeline fees. The system was byzantine. Ask FReeper thackney.
She incresed profit tax on oil companies. There was no change in royalties.
I don’t know where you came up with giving it away.
After Palin’s increases the State government took $47 per barrel on every Alaskan barrel produced in 2008.
Sorry, I did the above post from memory.
It wasn’t $47 per barrel, it was 47% of the value of every barrel. This is not pipeline taxes nor a change in royalties. Most of the increase was a retroactive profit tax.
In 2008, Total Alaskan Oil Production was 266.45 million barrels of oil.
http://www.tax.alaska.gov/programs/documentviewer/viewer.aspx?426
In 2008, Alaska collected 11,288.1 million dollars from the oil companies.
http://www.tax.alaska.gov/programs/documentviewer/viewer.aspx?1785f
Page 2, 2008 History
Royalties were only 29% of the total they collected.
That is $42.36 per barrel that the Alaskan Government collected. That does not include any of the taxes collected by the Federal Government.
In 2008, the average price for Alaskan Crude Oil was $90.10.
http://tonto.eia.doe.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=F005071__3&f=A
In 2008, the TOTAL take by Alaska was 47% of the price of the barrel of oil.
http://www.freerepublic.com/focus/f-news/2404473/posts?page=3#3
- - - - -
Before the Palin tax increases, see below:
Spring 2007 Revenue Sources Book, Alaska Department of Revenue – Tax Division
http://www.tax.alaska.gov/programs/documentviewer/viewer.aspx?840f
Page 4 in the Excutive summary, Figure 2-2
First Column, Historical numbers for 2006.
Total Oil Revenue (including all taxes and royalties) $4,358.9 million
Alaska Department of Revenue, Tax Division, Fall 2008
Crude Oil Production-History
http://www.tax.alaska.gov/programs/documentviewer/viewer.aspx?426
2006 Total Alaska Oil Production = 0.858 million bpd = 313.2 million barrels
Total taxes, fees and royalties paid were $11.81 per barrel
Alaskan Crude Oil selling price in 2006 = $56.86 per barrel
http://tonto.eia.doe.gov/dnav/pet/pet_pri_dfp2_k_a.htm
In 2006, oil companies 21% of the selling price of their oil to the Alaskan Government.
I don’t consider 21% taxes and royalties to be giving it away. I think that between 20~25% sounds about right.