Alaska’s oil fields are running down. The state has cut oil corporation taxes in order to stimulate production. Voters will have an opportunity to repeal that tax. It’s a controversial issue especially since oil corporations will one day probably frack the existing fields and return oil production to the original levels. Fracking the North Slope and Cook inlet oil and gas fields are more controversial issues.
The state government collective for mutual prosperity relies on oil taxes for the majority of income. It has obligations of billions in pensions. The government has reliance of oil sales taxes/royalties for funding. It has conflicts of interests in environmental conservation affairs all the time. Development is usually decided in favor of development. More roads, more oil drilling, more logging, more fishing, more hunting-less diversity of life in Alaska and decrease of environmental health.
Probably no one has done a study of potential effects of fracking on Alaska groundwater or of fracking below permafrost subject to global warming melting. It’s an interesting concept though. Oil corporations might find fracking cheaper than exploring and drilling new holes in the ground on and/or offshore. I suppose they will like tax cuts regardless.
The state government collective for mutual prosperity relies on oil taxes for the majority of income. It has obligations of billions in pensions. The government has reliance of oil sales taxes/royalties for funding. It has conflicts of interests in environmental conservation affairs all the time. Development is usually decided in favor of development. More roads, more oil drilling, more logging, more fishing, more hunting-less diversity of life in Alaska and decrease of environmental health.
Probably no one has done a study of potential effects of fracking on Alaska groundwater or of fracking below permafrost subject to global warming melting. It’s an interesting concept though. Oil corporations might find fracking cheaper than exploring and drilling new holes in the ground on and/or offshore. I suppose they will like tax cuts regardless.
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