Alaska proves costly for oil industryHigh costs, regressive tax structure put state far down the list for companies at $20 oil, says Wood Mackenzie study Larry Persily Petroleum News Government Affairs Editor
Alaska is an expensive place to do business but the high costs of working in the arctic and moving the oil to market by pipeline and tanker are no surprise, says an international oil and gas consultant who helped prepare a report ranking 61 producing areas worldwide.
“Most people involved in the bu....
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