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Ignorance is bliss

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Posted: Tuesday, October 16, 2012 10:49 pm | Updated: 11:39 am, Mon Jan 21, 2013.

Oct. 14, 2012

To the editor:

Our governor’s recent comments that some legislators have a “spine for decline” only demonstrate once again how spineless he is in standing up to his former (and probably future) employers, Big Oil.

Gov. Sean Parnell has introduced a massive oil tax-cutting proposal that cuts more than $2,300 of state revenue for every citizen of Alaska, every year, forever. He has now resorted to name calling when asked for factual support for his tax proposal. His unprepared, sloppy and lazy performance when appropriately requested (twice) by the Legislature to provide facts to back up his proposals should be a source of embarrassment for all Alaskans.

Parnell has suggested we should cut the oil tax revenue that supports our permanent fund, local government, teachers, police, firefighters, health care providers, roads, bridges and harbors. This will destroy Alaska’s long-term future so big oil stock holders in New York, Los Angeles and other financial centers can have higher profits. He has suggested (but offered no factual evidence) that this is required to stimulate investment.

At the same time, under the current oil tax environment, Alaska has excited strong attention and investment plans from Respol S. A., Shell and other international producers because of its “low risk, oil rich and stable investment environment.” Conoco, one of the two largest existing producers in Alaska, has reported in annual SEC filings high and consistent profits from Alaska and that it anticipates future returns from Alaska will be higher than from any other region in the world.

Ignorance is bliss, and we must have the happiest governor in the country.

David Mather

Fairbanks

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