From Robin Brena:

"Changes that would help

If we continue with this percentage of "net income" approach, then it will need to be substantially revised. Among the revisions we should consider are:


(1) Increase the base rate for the major legacy fields and for merely harvesting our resources rather than exploring for additional resource.

(2) Eliminate credits (taken as deductions and paid) for all but the most challenged fields.

(3) Eliminate loss carryforwards.

(4) Eliminate the "new oil" definition or reduce the scope of its application to only the most challenged fields (which would not include Point Thomson).

(5) Increase progressivity.

(6) Add the auditing and legal resources necessary to ensure revenue certainty for the state and producers and to minimize gaming.

(7) Increase transparency so we know the financial performance of the producers operating in Alaska.

These revisions should increase current revenues by almost $3 billion"