Palin Pleased with Obama's Energy Plan
Includes Alaska's Natural Gas Reserves

August 4, 2008, Fairbanks, Alaska - Governor Sarah Palin today responded to the energy plan put forward by the presumptive Democratic nominee for President, Illinois Senator Barack Obama.

“I am pleased to see Senator Obama acknowledge the huge potential Alaska’s natural gas reserves represent in terms of clean energy and sound jobs,” Governor Palin said. “The steps taken by the Alaska State Legislature this past week demonstrate that we are ready, willing and able to supply the energy our nation needs.”

In a speech given in Lansing, Michigan, Senator Obama called for the completion of the Alaska natural gas pipeline, stating, “Over the next five years, we should also lease more of the National Petroleum Reserve in Alaska for oil and gas production. And we should also tap more of our substantial natural gas reserves and work with the Canadian government to finally build the Alaska natural gas pipeline, delivering clean natural gas and creating good jobs in the process.”

Governor Palin also acknowledged the Senator’s proposal to offer $1,000 rebates to those struggling with the high cost of energy.

“We in Alaska feel that crunch and are taking steps to address it right here at home,” Governor Palin said. “This is a tool that must be on the table to buy us time until our long-term energy plans can be put into place. We have already enjoyed the support of Alaska Senator Ted Stevens, and it is gratifying to see Senator Obama get on board.”

The Governor did question the means to pay for Obama’s proposed rebate — a windfall profits tax on oil companies. In Alaska, the state’s resource valuation system, ACES, provides strong incentives for companies to re-invest their profits in new production.

“Windfall profits taxes alone prevent additional investment in domestic production. Without new supplies from American reserves, our dependency and addiction to foreign sources of oil will continue,” Governor Palin said.

Alaska Governor Sarah Palin

People are getting on board with drilling in Alaska. WTF is the problem? Stevens can be a crook and still be right on some issues.

Just strange that she thinks Obama has the better Energy plan and not McCain, that is all.

Hmmm! That's odd!

Hot Air Blog Archive Palin backed Alaskan windfall-profits tax

:ROFLMFAO:

Good work jonstad, I was looking for something like that, it just made no sense that she did not like Obama's Oil Tax Plan, yet,she kind of did the same thing already with the $1200 credit( to those who live in Alaska) funded by the extra taxes imposed on the Oil Companies.

she was for helping people struggling to pay for heating etc with a $1000 rebate check.

she said this too....


The Governor did question the means to pay for Obama’s proposed rebate — a windfall profits tax on oil companies. In Alaska, the state’s resource valuation system, ACES, provides strong incentives for companies to re-invest their profits in new production.

“Windfall profits taxes alone prevent additional investment in domestic production. Without new supplies from American reserves, our dependency and addiction to foreign sources of oil will continue,” Governor Palin said.

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BRETT's a J-E-T and the Pack might suck.....nice job Ted.....asshole

See post #4
:ROFLMFAO:

So "wealth redistribution" is OK if a republican proposes it but not OK if a dem proposes it. Got ya.

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Support Fair Taxation For All!



"I Contend we are both Atheists. I just believe in one fewer god then you do. When you understand why you dismiss all the other possible gods, You will understad why I dismiss yours"

Alaska gave money back to it's citizens because the state had a surplus of cash. Instead of spending more they gave it back to the people from whom they collected it. All you liberals should try and wrapped your minds around it. Be careful, and don't hurt yourselves.

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BRETT's a J-E-T and the Pack might suck.....nice job Ted.....asshole

Where does she say that in your article?

Amen! But they will not understand that concept. Communists think all money YOU earn is there's if they want it.

And how did they happen to have this said surplus, by having extra taxes put on the Oil Companies drilling in Alaska.

Sounds kind of like Obama's plan to me.

Palin did what was in the best interests of her state and its citizens. She did her job and did it very well.

AS VP of the US she will act in the best interests of the entire country which is NOT to inact a windfall tax that will discourage drilling. What is good fo one state is not necessarily good for the country as a whole. Unlike Obama who has ZERO experience running ANYTHING other than community protest groups and perhaps a lemonade stand for muslim terrorists as a child she knows this and backs McCain's policies.

And Obama wants to do the same thing in what he thinks is in the best interests of the nation.

No one can answer why this is ok for her and not him.

I did if you can read.

Hang on a minute. The citizens of Alaska did nothing to "EARN" their rebate except to live in the state. They got it by taxing the oil companies doing business in the state. And they handed it out indiscriminately to everyone in the state. Gee, that sounds a lot more like communism than anything Obama has proposed.

Just for clarity. Under Palin, Alaska RAISED taxes on oil companies and handed out checks to everyone in the state regardless of their relative worth or contribution to the state. If that's not communism, then it's extreme socialism!

You guys are sure confused!

No shit.

There is always more than the liberal press will tell you. It took a bit but I found out the real story. This "windfall tax" was Bill #2001. The Legislature after modifying , read increasing, her proposed tax on increased prices went ahead and raised taxes across the board..
The key thing to note here is the final vote to adopt was veto proof. It was Yeas, 35... Nays, 4... Excused, 1... Absent, non.

I've been reading the arguments leading up to this and it appears Palin tried to head off the Legislature's Chair's intent to revisit the ACES [tax] on their own by her introducing a lesser version. It didn't work apparently. The Legislature saw blood in the oil and got greedy. Its quit the read but one can start here;Press Release: 2007-10-31 - PPT/ACES Documents Uploaded to Majority Web Site -- 25th AK Legislature House Majority

This puts it into plainer language but there is still some stuff inbetween the lines not mentioned:
Local News | Windfall tax lets Alaska rake in billions from Big Oil | Seattle Times Newspaper

Then last year, Palin introduced a graduated tax pegged to increased oil prices. The state Legislature modified her proposal to increase the state's take even further."because"
Production falling

The bill's proponents — a coalition of Democrats and maverick Republicans — argued that oil production was declining in Alaska, and that the lower tax rate under previous governors had done little to spur additional investment in the state's oil industry.
Critics say the companies, who have lobbied to open the federal Arctic National Wildlife Refuge to exploration, have lagged badly in developing already available fields on state lands. Some estimates indicate those fields may contain billions of barrels of oil, mostly heavy crude that's difficult to extract.
They argue that the state — which owns most of the land around Prudhoe Bay, North America's largest oil field — needs to grab its fair share of proceeds from the declining output there.
"You don't get to grow another oil barrel," said French, the Anchorage lawmaker. "You sell that barrel once, and it's gone forever."
The Alaska tax is imposed on the net profit earned on each barrel of oil pumped from state-owned land, after deducting costs for production and transportation, which are currently estimated at just under $25 a barrel.
The tax is set at its highest rate in Prudhoe Bay, where the state takes 25 percent of the net profit of a barrel when its price is at or below $52.
The percentage then escalates as oil prices rise over that benchmark. Alaska gets about $49 of a $120 barrel, not counting other fees.
ConocoPhillips said that in total, once royalty payments and other taxes are added in, the state captures about 75 percent of the value of a barrel.
An accounting benefit eases the sting for oil companies. They get a huge deduction on their state taxes when calculating their federal taxes.


Journal Text for HB2001 in the 25th Legislature

Journal Text for HB2001 in the 25th Legislature

Full Journal
11-16-2007 House Journal 1667 Yeas: Buch, Cissna, Coghill, Crawford, Dahlstrom, Doll, Doogan,
Edgmon, Gara, Gardner, Gatto, Gruenberg, Guttenberg, Harris,
Holmes, Joule, Kawasaki, Keller, Kelly, Kerttula, LeDoux, Lynn,
Nelson, Salmon, Seaton, Stoltze


Nays: Chenault, Fairclough, Hawker, Johansen, Johnson, Meyer,
Neuman, Olson, Ramras, Roses, Samuels, Thomas, Wilson

Excused: Foster

And so, lacking the necessary 27 votes, the effective date clauses were
not adopted, and the new title follows:

SENATE CS FOR CS FOR HOUSE BILL NO. 2001(FIN)
am S(efd fld H)
"An Act relating to the production tax on oil and gas and to
conservation surcharges on oil; providing a limit on the amount of
tax that may be levied on the production of certain gas that is
produced outside of the Cook Inlet sedimentary basin; relating to
the sharing between agencies of certain information relating to the
production tax and to oil and gas or gas only leases; expanding the
period in which the Department of Revenue may assess the
amount of oil and gas production tax and conservation surcharges;
relating to state oil and gas audit masters; relating to oil and gas
auditors and certain oil and gas auditor supervisors; establishing
an oil and gas tax credit fund and authorizing payment from that
fund; and making conforming amendments."


Representative Samuels moved that the House adopt the Senate letter
of intent (Senate Journal page 1549).


The question being: "Shall the House adopt the Senate letter of
intent?" The roll was taken with the following result:

SCS CSHB 2001(FIN) am S(efd fld H)
Concur
Senate Letter of Intent

YEAS: 35 NAYS: 4 EXCUSED: 1 ABSENT: 0

11-16-2007 House Journal 1668 Yeas: Buch, Chenault, Cissna, Crawford, Dahlstrom, Doll, Doogan,
Edgmon, Fairclough, Gara, Gardner, Gatto, Gruenberg, Guttenberg,
Harris, Hawker, Holmes, Johansen, Johnson, Joule, Kawasaki, Keller,
Kelly, Kerttula, LeDoux, Lynn, Nelson, Neuman, Olson, Roses,
Salmon, Samuels, Seaton, Stoltze, Thomas

Nays: Coghill, Meyer, Ramras, Wilson

Excused: Foster

And so, the Senate letter of intent was adopted.

The Chief Clerk notified the Senate.

SCS CSHB 2001(FIN) am S(efd fld H) was referred to the Chief Clerk
for engrossment.

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Most people on the left are not opposed to freedom. They are just in favor of all sorts of things that are incompatible with freedom.



None of us has a "right" to other people's approval.

Is there no logic too illogical to be logical for some anymore??

indiscriminately? I thought they gave it to those in need? You mean they gave it back to the oil companies?


Communists think all money YOU earn is there's if they want it.

What part of that is so hard for you commie?

Does it really have to be spelled out for you?

Commies never give back taxes to the public. Just as Obama will not do as evidenced by his opposition to the Bush tax cuts. There is no way he can pay for his expansion of the federal government and he will simply collect more from the taxpayers to pay for all of his political payoffs to the teachers unions and etc as well as george sorros.