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Senate panel considers separating oil, gas taxation

Anchorage Daily News online -- JUNEAU -- A bill that would change Alaska's system of taxing oil and gas production together got its first hearing Tuesday, with consultants giving the Senate Finance Committee a rundown on the separation of the two.

Public testimony is set for later this week, with senators hoping to hear from Gov. Sean Parnell's administration as well.

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Submitted Mar 09, 2010 By: Nitewolf

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honda0105 Champion Author Tallahassee Posts:15,266 Points:1,142,200 Joined:Nov 2008	Message Posted: Mar 10, 2010 9:15:13 PM Ignore honda0105 Report Abuse cheapertvs: renegadegas is right. There aren't many cars (other than some fleet vehicles) that run on CNG. And you won't see oil phased out. If it was ONLY in car fuel, maybe, but it's in EVERYTHING PLASTIC to start with. And I doubt we ever see the end of plastic.
RENEGADEGAS Champion Author Missouri Posts:12,054 Points:1,127,180 Joined:Jul 2008	Message Posted: Mar 10, 2010 12:53:57 AM Ignore RENEGADEGAS Report Abuse cheapertvs...thats a pipe dream. Do you honestly think that in todays economy and the uncertainty of tomorrows that people are going to jump out in a leap of faith and buy a new car that runs on natural gas. No. They are going to be doing the best they can to keep the gasoline pweered cars they have running and as cheaply as possible. You or I wont live long enough to see oil phased out. I can say that with certainty and I dont even know how old you are.
genef01 Champion Author Nashville Posts:2,611 Points:834,680 Joined:Jul 2008	Message Posted: Mar 10, 2010 12:28:42 AM Ignore genef01 Report Abuse Hope this doesn't give Pelosi and Co. any ideas.
vulcan96 Champion Author Ohio Posts:21,169 Points:2,639,595 Joined:Aug 2004	Message Posted: Mar 10, 2010 12:20:42 AM Ignore vulcan96 Report Abuse and the beat goes on --- and taxes keep rising .
cheapertvs Champion Author Richmond Posts:7,846 Points:2,274,820 Joined:Jan 2004	Message Posted: Mar 10, 2010 12:11:36 AM Ignore cheapertvs Report Abuse I believe we are seeing the beginnings of the paradigm shift in our primary fuel from oil to natural gas. Given the amounts of the stuff recently found as well as the amazing amount of reserves in the ground, it is becoming abundantly clear that oil is going down.
RENEGADEGAS Champion Author Missouri Posts:12,054 Points:1,127,180 Joined:Jul 2008	Message Posted: Mar 10, 2010 12:03:26 AM Ignore RENEGADEGAS Report Abuse Another step closer to hussiens desire to lock and hold gas prices between $3.50 and $4.00 a gallon regardless the price of oil. He has said this many times and even during the campaign. Locking prices will be a lot easier for them if they can split it from oil.
pbc2001 Champion Author Dallas Posts:2,316 Points:417,405 Joined:Feb 2009	Message Posted: Mar 10, 2010 12:01:57 AM Ignore pbc2001 Report Abuse Who knows what tomorrow will bring.
CobraLeader Champion Author New Jersey Posts:267,902 Points:1,200,750 Joined:Apr 2007	Message Posted: Mar 9, 2010 11:58:39 PM Ignore CobraLeader Report Abuse Let the Senate clean their own house first
benjy Champion Author Chicago Posts:6,864 Points:1,364,965 Joined:Nov 2003	Message Posted: Mar 9, 2010 11:51:35 PM Ignore benjy Report Abuse Does'nt Alsaka get a tax-rebate per citizen from oil????
Jeff4U Champion Author Atlanta Posts:5,960 Points:1,385,345 Joined:Nov 2004	Message Posted: Mar 9, 2010 11:49:47 PM Ignore Jeff4U Report Abuse Alaska needs to keep that money rolling in.
visitor_2 Champion Author Orlando Posts:1,023 Points:1,234,770 Joined:Aug 2006	Message Posted: Mar 9, 2010 11:48:34 PM Ignore visitor_2 Report Abuse Tax tax and more tax
EVBuddy Champion Author Nevada Posts:14,338 Points:2,568,640 Joined:Sep 2004	Message Posted: Mar 9, 2010 11:48:30 PM Ignore EVBuddy Report Abuse Hope that doesn't catch on.
EcoVore Champion Author Los Angeles Posts:3,533 Points:727,150 Joined:Jun 2008	Message Posted: Mar 9, 2010 11:46:44 PM Ignore EcoVore Report Abuse So much for encouraging business w/ more taxes.
grouch311 Champion Author Illinois Posts:6,021 Points:1,154,465 Joined:Jun 2007	Message Posted: Mar 9, 2010 11:44:28 PM Ignore grouch311 Report Abuse they have a lot more important things to do
WhiteTreeIndian Champion Author New Jersey Posts:3,378 Points:667,470 Joined:Dec 2009	Message Posted: Mar 9, 2010 11:39:25 PM Ignore WhiteTreeIndian Report Abuse Oh boy, gov't only knows how to mess things up, keep em away, please.
jadeusa Champion Author Dallas Posts:6,895 Points:1,370,985 Joined:Sep 2005	Message Posted: Mar 9, 2010 11:21:12 PM Ignore jadeusa Report Abuse There is usually confusion on taxation policies, so no surprise from me on this proposal.
greenfog Champion Author Illinois Posts:4,158 Points:1,175,745 Joined:Feb 2008	Message Posted: Mar 9, 2010 11:15:50 PM Ignore greenfog Report Abuse this will be worth watching as other states may follow suit if they don't do it all ready.
250FORD Champion Author Minnesota Posts:8,265 Points:1,303,335 Joined:Feb 2007	Message Posted: Mar 9, 2010 11:12:50 PM Ignore 250FORD Report Abuse Really, what will this do?
granitestater Champion Author New Hampshire Posts:6,309 Points:1,017,395 Joined:Oct 2008	Message Posted: Mar 9, 2010 11:12:35 PM Ignore granitestater Report Abuse This is interesting. Trying to give the gas producer a reason to capture rather than flare off gas is a good idea...
roadrunnerMO Champion Author Kansas Posts:5,991 Points:1,233,260 Joined:Jul 2008	Message Posted: Mar 9, 2010 11:09:18 PM Ignore roadrunnerMO Report Abuse Whatever, it will gouge the taxpayer...
cutter1330 Champion Author Oklahoma Posts:5,718 Points:1,229,565 Joined:Jul 2005	Message Posted: Mar 9, 2010 11:07:38 PM Ignore cutter1330 Report Abuse A break for one and a gouging for the other?
bobdec Champion Author Florida Posts:6,716 Points:1,324,615 Joined:May 2008	Message Posted: Mar 9, 2010 11:06:35 PM Ignore bobdec Report Abuse The bottom line is they will just tax both more
scrounger Champion Author Vancouver Posts:9,635 Points:2,648,020 Joined:Mar 2003	Message Posted: Mar 9, 2010 11:06:23 PM Ignore scrounger Report Abuse the consumer always ends up paying
Gary65 Champion Author Toronto Posts:1,501 Points:511,655 Joined:Jan 2009	Message Posted: Mar 9, 2010 11:05:23 PM Ignore Gary65 Report Abuse Better to have them separate, but will not make a difference, we'll still get screwed.
Saturn93 Champion Author Salt Lake City Posts:6,571 Points:1,488,850 Joined:Oct 2006	Message Posted: Mar 9, 2010 11:01:49 PM Ignore Saturn93 Report Abuse Got to make sure those annual tax payments to Alaskan's keep up with inflation.
joel27nc Champion Author Raleigh Posts:8,157 Points:1,392,445 Joined:Mar 2008	Message Posted: Mar 9, 2010 10:57:39 PM Ignore joel27nc Report Abuse so which will be taxed more
raleightom All-Star Author Raleigh Posts:765 Points:215,710 Joined:Nov 2007	Message Posted: Mar 9, 2010 10:54:18 PM Ignore raleightom Report Abuse I thought this was to aid the Alaskan Residents during the recession that is about ended. We should all eat more wild fish harvested from Alaskan waters to help them out. Would be healthier than most other protein sources too.
Amtrgas Champion Author Oakland Posts:2,551 Points:1,229,530 Joined:Dec 2007	Message Posted: Mar 9, 2010 10:53:16 PM Ignore Amtrgas Report Abuse I will be interested to hear what happens.
10k Champion Author North Carolina Posts:16,595 Points:1,787,870 Joined:May 2006	Message Posted: Mar 9, 2010 10:52:54 PM Ignore 10k Report Abuse alaska: you better leave that dog alone before you get bit..
DEG Champion Author Las Vegas Posts:15,397 Points:3,054,380 Joined:Jul 2003	Message Posted: Mar 9, 2010 10:52:23 PM Ignore DEG Report Abuse All governments seek to improve revenues. It is generally through increasing taxes or imposing fees. This looks likes politics as usual.
Bubba44612 Champion Author Ohio Posts:5,183 Points:1,421,070 Joined:Aug 2005	Message Posted: Mar 9, 2010 10:48:49 PM Ignore Bubba44612 Report Abuse Another way for the Gov to get more money for nothing...
Z51Corvette Champion Author Austin Posts:6,156 Points:1,224,540 Joined:Jan 2008	Message Posted: Mar 9, 2010 10:48:20 PM Ignore Z51Corvette Report Abuse I'd be interested in wht thy are wanting to do... not sure who I might trust.
52MPG Champion Author Dayton Posts:4,909 Points:1,277,505 Joined:Apr 2006	Message Posted: Mar 9, 2010 10:34:00 PM Ignore 52MPG Report Abuse All Governments want money.
Eichhornchen Champion Author Detroit Posts:3,772 Points:747,390 Joined:Feb 2009	Message Posted: Mar 9, 2010 10:32:48 PM Ignore Eichhornchen Report Abuse And after they each look smaller, raise each so the total tax is higher.
NavyStore Champion Author Seattle Posts:3,768 Points:1,658,815 Joined:Aug 2005	Message Posted: Mar 9, 2010 10:30:45 PM Ignore NavyStore Report Abuse Makes sense...
Bus561 Champion Author Lexington Posts:14,076 Points:2,753,105 Joined:May 2004	Message Posted: Mar 9, 2010 10:27:44 PM Ignore Bus561 Report Abuse Go ahead, tax it out of existance even before it is active.
LoneGuy Champion Author Lansing Posts:6,148 Points:1,856,780 Joined:Aug 2005	Message Posted: Mar 9, 2010 10:23:15 PM Ignore LoneGuy Report Abuse The pipeline could be filled to capacity if the government would allow drilling and pumping from ANWR just a few miled up the north coast from the pipeline head.
Rageagainsttm Champion Author Tampa Posts:6,009 Points:1,447,195 Joined:Jul 2007	Message Posted: Mar 9, 2010 10:18:51 PM Ignore Rageagainsttm Report Abuse Probably not favorable to the public.
skybiker Champion Author South Carolina Posts:5,481 Points:1,132,240 Joined:Jul 2008	Message Posted: Mar 9, 2010 10:17:05 PM Ignore skybiker Report Abuse Just a stealth way to increase taxes!!!!
TBONE3 Champion Author Pennsylvania Posts:6,388 Points:1,510,745 Joined:Mar 2005	Message Posted: Mar 9, 2010 10:15:53 PM Ignore TBONE3 Report Abuse Another way to steal more tax money.
tedjm1 Champion Author New York Posts:3,540 Points:389,685 Joined:Dec 2006	Message Posted: Mar 9, 2010 10:15:41 PM Ignore tedjm1 Report Abuse Anything to get more money. They, and all other states as well, should look in their own backyards. Cut politicians salaries, benefits and office perks as a start. Let our leaders work and get benefits under the same umbrella that most of us share.
PaylessKY Champion Author Kentucky Posts:6,105 Points:1,123,475 Joined:Oct 2008	Message Posted: Mar 9, 2010 10:13:13 PM Ignore PaylessKY Report Abuse The fereral government should not be telling a state how to tax.
Blue_Cruzer Champion Author Lexington Posts:5,152 Points:1,202,725 Joined:Mar 2007	Message Posted: Mar 9, 2010 10:12:25 PM Ignore Blue_Cruzer Report Abuse State of Alaska wants to get it's share of oil money, one way or the other.
Lizzylou Champion Author Stockton Posts:7,025 Points:2,000,050 Joined:Oct 2005	Message Posted: Mar 9, 2010 10:12:24 PM Ignore Lizzylou Report Abuse TAX OIL, TAX GAS TAX TAX TAX!!!
rxman1 Champion Author Toledo Posts:6,996 Points:1,396,195 Joined:Nov 2007	Message Posted: Mar 9, 2010 10:12:19 PM Ignore rxman1 Report Abuse All governments always need more money.
rollma2 Champion Author Montreal Posts:1,181 Points:261,125 Joined:Jul 2009	Message Posted: Mar 9, 2010 10:08:26 PM Ignore rollma2 Report Abuse does it affect all of us?
Toppers Champion Author Atlanta Posts:6,673 Points:2,006,475 Joined:Mar 2005	Message Posted: Mar 9, 2010 10:02:32 PM Ignore Toppers Report Abuse Someone's gotta get ahead someway right?
onegiraffeAL All-Star Author Alabama Posts:709 Points:248,000 Joined:Jan 2010	Message Posted: Mar 9, 2010 9:54:09 PM Ignore onegiraffeAL Report Abuse Trash talk.
NHLiveFree Champion Author New Hampshire Posts:7,205 Points:1,170,885 Joined:Jun 2008	Message Posted: Mar 9, 2010 9:51:04 PM Ignore NHLiveFree Report Abuse What is the point of the article Nitewolf?
FastAndy Champion Author Indianapolis Posts:4,406 Points:1,576,700 Joined:Jun 2007	Message Posted: Mar 9, 2010 9:50:45 PM Ignore FastAndy Report Abuse More taxes is always the answer for government and always the problem for the people.