Last week we got to listen to the ConocoPhillips Chief executive whine about how difficult things are in the oil industry and that they need tax breaks and incentives to do it. Now we get to hear it from BP. The bill in question doesn't make any provisions that the tax cuts given to these companies be used for drilling or exploration in Alaska. Which means there are no provisions that they would even provide Alaska jobs. It does however have a provision to look at the bill again in three years. In fact, the bill allows the oil companies to take all of the money out of the state. But, you know, I have a lot of faith that these oil companies will do the right thing.
BP Alaska president to speak on tax structure: "ANCHORAGE, Alaska - The group seeking changes in Alaska's oil tax structure is hosting another meeting featuring a representative of one of Alaska's big three oil producers.
BP Alaska President ..."
APRN had another good piece here.
And the Wall Street Journal here.

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