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Alaskans, wake up

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Posted: Thursday, November 1, 2012 12:03 am

Oct. 30, 2012

To the editor:

Our national elections are very important, but let us not forget what is going on right here at home in Alaska and particularly with that oil tax giveaway.

Do you feel sorry for the oil companies when you pay more than $4 per gallon to fill up your thank? Well, you should not. Somehow we are supposed to believe that the industry is struggling in Alaska and set to move to friendlier places if we do not come up with some major cash. What a load of rubbish. Let me laugh!

High prices have generated a boom in exploration and production all over the globe. Wherever there is oil, they are rushing to extract it. And for years, while we struggle to pay more and more to heat our homes and run our cars, the oil industry profits have skyrocketed. Enough is enough!

Alaska’s current tax system is calculated to increase revenues as oil prices increase and decrease revenue as oil prices decline: this seems so sensible to me. Alaska should capture a fair value for our resources, especially non-renewable ones that are not coming back once they are gone.

This is the reason why I do not understand those Interior Republicans who are willing to give away, with no commitment of investments from the industry in return, $2 billion per year from the state treasury back to the most profitable multinational corporations on the planet, corporations that are already reaping record profits from our Alaska oil fields.

This is scandalous. Fellow Alaskans, wake up! Do not let this happen.

Now let us be clear about this and our candidates right here in Fairbanks: Joe Thomas, Joe Paskvan (in the Senate) and David Guttenberg, Scott Kawasaki and Bob Miller (in the House) stood up against the oil tax giveaway, and Dave Watts, Janice Golub and Anne Sudkamp pledged to do so. These candidates are standing up for us Alaskans by refusing to pass that unacceptable oil tax giveaway.

Let us Alaskans stand up with them. These above candidates deserve your vote. Please vote for them on Tuesday.

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