Wildcatter warns oil tax increase will retard future investmentNatural evolution of North Slope oilfields leads to smaller players, without clout to fight onerous taxes and regulations, says Fred James Steve Sutherlin PNA Managing Editor
Higher oil taxes and tougher permitting practices are a recipe for economic collapse in Alaska because smaller companies will simply stay away, says wildcatter and independent geologist Fred James. If the history of other oil producing regions is any indication, those smaller companies are the futur....
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Welcome competition Investment must be nurtured “Once you get the small companies involved, a lot starts to happen.”
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