#MoreAlaskaProductionAct ACES has been a one-way street to the poor house. It’s embarrassing to point out that #Alaska was the only state to suffer production loses during 2011- 2012. Every other oil state saw their production go up, while Alaska continued a steep decline. Fortunately Alaskans changed course and now we are back on the road to a more stable economic future. Even though our new tax law has been in effect for only days, it’s already working. The North Slope producers have pledged $4.5 billion in new projects, including $1.5 billion in near-term projects that will add 55,000 barrels of new production by 2018. The state says there’s enough new work underway to halve the production decline to 4 percent this year and 2 percent in 2015 and 2016.
Posted on: Mon, 20 Jan 2014 23:03:53 +0000
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