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What Palin Really Did To the Oil Industry
The Wall Street Journal ^
| SEPTEMBER 5, 2008
| JAMES P. LUCIER JR.
Posted on 08/22/2011 8:17:41 AM PDT by The Bronze Titan
click here to read article
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To: wardaddy
There is nothing wrong in charging industries for resources. Do you think they should get it for free if the citizens own the resources? This is pure capitalism at its finest.
Pray for America
21
posted on
08/22/2011 8:59:41 AM PDT
by
bray
(The Country Club opens in prayers against Palin)
To: onyx
Right. obama has zero interest in drilling for oil on our shores or directly off our shores, but Brazil and China are A-OKAY with him Which makes no sense from an environmental point of view (which is their rationale for not drilling on our lands and in our coastal waters). On the one hand, they propose that the entire world has to come together combat global warming and then in the next instant, it's good environmental policy to drill elsewhere, not here. And further illogic is that it is OK to use the products of that elsewhere drilling.
On the smaller scale, California won't allow any new refineries in their state, but they don't reduce their use of refined oil to the amount they refine in-State. The moratorium on refineries (and off shore drilling) is based on 'environmental' reasons. So if the oil extrated elsewhere and is refined, sa in Texas, it's environmentally OK?
Long as I live I will never understand liberal 'logic'.
22
posted on
08/22/2011 9:00:48 AM PDT
by
Lorianne
To: The Bronze Titan
[ -”As a new governor in 2007, Mrs. Palin stepped in to address the fiscal crisis and restore accountability. Working with Democrats and Republicans alike” ]
“restore accountability” - this is what scares the left out of their knickers.
23
posted on
08/22/2011 9:02:33 AM PDT
by
GraceG
To: Lorianne
The royalty payment was not change by Sarah Palin. A royalty payment goes into the Permanent Fund that is saved for future generations. About 1/2 the earnings of the fund, including the royalty payment is shared with the Alaskan people based upon a 5 year average. Most of the money in the check comes from performance on the investments, about 1/5 is from the royalty income.
This process by keeping half of the earnings and returning to the fund allows it to grow for future generations.
ACES, the taxing policy implemented under Sarah Palin’s direction is a tax on profits. Expenses including the royalty payments are deducted then the remained taxed. This rate increases as the profit increases. This money does not go to the fund but goes directly into the State Treasury for government spending.
Many outside people confuse the royalties and taxes.
24
posted on
08/22/2011 9:03:51 AM PDT
by
thackney
(life is fragile, handle with prayer)
To: The Bronze Titan
The state's oil and gas tax revenues for its just-ended fiscal 2007 topped $10 billion. That's twice as much as fiscal 2006 and four times more than 2004
I guess there's no relation to increased tax revenue with increased production and record profits...Only that Palin raised taxes on those poor oil companies.
25
posted on
08/22/2011 9:04:35 AM PDT
by
lewislynn
( What does the global warming movement and the Fairtax movement have in commom? Misinformation)
To: onyx
I went and read the entire thing ... but didn’t learn more about “Her plan includes an escalator clause that gives the state a larger share of revenues when oil prices rise. “
That is the part that people say makes her like the wind fall profit tax.
It is all in the details, If she enters the race...I will want more information.
26
posted on
08/22/2011 9:07:07 AM PDT
by
dila813
To: Calif Conservative
And did not state govt. spending rise under Gov. Palin? No. 5.5% real reduction in Yr. 1, 9.5% by the 3rd budget (her budget).
27
posted on
08/22/2011 9:12:10 AM PDT
by
Al B.
("Evil is powerless if the good are unafraid." -- Ronald Reagan)
To: lewislynn
no relation to increased tax revenue with increased production Production decreased, not increased.
28
posted on
08/22/2011 9:12:10 AM PDT
by
thackney
(life is fragile, handle with prayer)
To: GraceG; Al B.; The Bronze Titan; Lakeshark; Windflier
[ -As a new governor in 2007, Mrs. Palin stepped in to address the fiscal crisis and restore accountability. Working with Democrats and Republicans alike ]
restore accountability - this is what scares the left out of their knickers You're right and she ran on that promise too, as Al B. posted last night:
,
"my predecessor decided to change the tax system already in place for decades, negotiated a bunch of sweetheart deals for politicians that got people thrown in jail, funneled massive givebacks to the oil companies, and is bankrupting the state. I will come in and fix this mess. Everyone (including the oil companies) will benefit from the fix and it will be done in the open."
And that's what she did.
95 posted on
08/21/2011 7:36:17 PM PDT by
Al B. ("Evil is powerless if the good are unafraid." -- Ronald Reagan)
- - - - - - - -
29
posted on
08/22/2011 9:15:05 AM PDT
by
onyx
(If you enjoy FR, support it! If you support Sarah Palin & want on her Busy Ping List, let me know.)
To: dila813
ut ?Her plan includes an escalator clause that gives the state a larger share of revenues when oil prices rise.? That is the part that people say makes her like the wind fall profit tax. It is all in the details, If she enters the race...I will want more information. I'm guessing you never read any commercial and residential standard leases, nor commercial contracts for goods and services.
30
posted on
08/22/2011 9:17:20 AM PDT
by
Covenantor
("Men are ruled...by liars who refuse them news, and by fools who cannot govern." Chesterton)
To: Lorianne
Demonic-rats are in the pockets of whacked-out and greedy environmentalists. There’s no such viable thing as green energy. It’s all grand scheme and hoax.
31
posted on
08/22/2011 9:19:51 AM PDT
by
onyx
(If you enjoy FR, support it! If you support Sarah Palin & want on her Busy Ping List, let me know.)
To: The Bronze Titan; onyx
32
posted on
08/22/2011 9:21:21 AM PDT
by
Al B.
("Evil is powerless if the good are unafraid." -- Ronald Reagan)
To: Al B.
Yay, you’re here! I just posted a portion of your fabulous post from last night!
33
posted on
08/22/2011 9:21:36 AM PDT
by
onyx
(If you enjoy FR, support it! If you support Sarah Palin & want on her Busy Ping List, let me know.)
To: Calif Conservative
To: dila813; Al B.
She's running so she will be talking a lot about oil, natural gas, coal, and tapping our own natural resources. You might also stay on this thread, because Al B. is here and he's just posted a link that might interest you.
35
posted on
08/22/2011 9:24:23 AM PDT
by
onyx
(If you enjoy FR, support it! If you support Sarah Palin & want on her Busy Ping List, let me know.)
To: Al B.
August 14, 2011 (from the McClatchy ADN, no less)Begrudging credit to their magnificent former Governor Palin? (Linking now).
36
posted on
08/22/2011 9:27:04 AM PDT
by
onyx
(If you enjoy FR, support it! If you support Sarah Palin & want on her Busy Ping List, let me know.)
To: The Bronze Titan; onyx
She forward-funded education by $1.2 billion during her tenure.
37
posted on
08/22/2011 9:30:17 AM PDT
by
Al B.
("Evil is powerless if the good are unafraid." -- Ronald Reagan)
To: onyx
Gratuitous slap at the former governor claiming that part of the increased exploration are due to the current governor's comment to fixing the current law. Writer proceeds to give no further details. Looking at the narratives though they indicate varied reasons for development including drilling technology improvements and drop dead dates for leases.
To: NoControllingLegalAuthority
A: its not a hit piece.
B:SEPTEMBER 5, 2008 | JAMES P. LUCIER JR.
39
posted on
08/22/2011 9:35:28 AM PDT
by
wiggen
(The teacher card. When the racism card just won't work.)
To: Clyde5445
Does Alaska have an official site with the yearly numbers?
According to this site:
2005 - 6.9 billion
2006 - 7.4 billion
2007 - 7.8 billion
2008 - 8.6 billion
2009 - 8.9 billion
2010 - 9.5 billion
You can figure out when Palin was actually Governor, every time I try to match these to her term someone yells at me that I'm doing it wrong. But clearly the budget went up every year from 2006-2010, so obviously spending increased under Gov. Palin.
Note that since government spending in Alaska includes the tax money from oil companies that is distributed to individuals, it may be that there are subsets of spending that decreased during her time in office.
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