I seem to be Missing $100 billion sez Ray

"Finally," declares Disco Ray with a smile, "the Legislature asks someone besides an oil company what's a fair oil tax."

Ray writes that for 25 years, the legislature depended on oil company lobbyists to pay for their campaigns and tell them how much oil should be taxed.

Finally, one of the worlds top oil consultants looks our legislators in the eye and tells them what most of them clearly didn't expect to here. That is that the rest of the major oil producing countries around the world keep a lot more from the profits derived from a barrel of oil than we Alaskans do.

See Chart on page 47 of his report to the legislature. Oil producing countries on average have kept 67% of the profits from a $20 barrel of oil, escalating to 92% of a $60 barrel of oil. For the record, we keep less than 33%. Were so fare out of the ballpark, we aren't even on the chart.

That easily translates into $100 Billion schools, roads, docks, harbors, airports, and dividend checks that we Alaskan's didn't get over the past 25 years because we sat quite and allowed VECO and BP to buy the loyalties of our legislature.

Your future well-being depends on your willingness to take the time to grasp the content of the attached report to Alaska's legislature. Iinally, the Legislature asks someone besides an oil company what's a fair oil tax.

For 25 years, the legislature depended on oil company lobbyists to pay for their campaigns and tell them how much oil should be taxed.

Finally, one of the worlds top oil consultants looks our legislators in the eye and tells them what most of them clearly didn't expect to here. That is that the rest of the major oil producing countries around the world keep a lot more from the profits derived from a barrel of oil than we Alaskans do.

See Chart on page 47 of the attached report to the legislature. Oil producing countries on average have kept 67% of the profits from a $20 barrel of oil, escalating to 92% of a $60 barrel of oil.
For the record, we keep less than 33%. Were so fare out of the ballpark, we aren't even on the chart.

That easily translates into $100 Billion schools, roads, docks, harbors, airports, and dividend checks that we Alaskan's didn't get over the past 25 years because we sat quite and allowed VECO and BP to buy the loyalties of our legislature.

Your future well-being depends on your willingness to take the time to grasp the content of the attached report to Alaska's legislature. If you have questions about acronyms, definitions or interpretations, please call me at 907-344-4514.

For a copy of the report e-mail RayinAK@aol.com.

Ray Metcalfe