Producers: tax too high
Companies support oil tax to get gas; say it will discourage investment
By Kristen Nelson
The major North Slope producers showed up in Juneau to testify on the administrationís proposed production profits tax with a single message: The new tax will result in less, not more, investment on Alaskaís North Slope.
The proposed tax is too high and would make some North Slope development unecon....
[additional news subjects in this story]
12.5% vs. 20%
The 6% decline
ExxonMobil would oppose just a tax increase
PPT at 13% would match todayís tax
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