This month in history: Myers: Alaska has resources to increase pie

Twenty years ago this month: DO&G chief says increasing taxes not way to deal with decreasing production; more exploration needed

Kristen Nelson

Petroleum News

State Division of Oil and Gas Director Mark Myers says “Mother Nature smiled on us” in Alaska, giving us the resources to increase state revenues through the drill bit, not the tax bill. As production decreases and tax revenues drop, he said, one way to keep revenues up is to increase taxes on oil.....

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Role of government?

Leasing effective

Permitting a difficult path

Acceptance of some risk