We will be hosting another protest, blowing up our giant 26 foot tall inflatable rat for the second time, in front of the Anchorage Daily News this Friday October 21st 1:00 to 3:00 PM for selling out their readers in favor of to corporate interests.
Alaska’s Oil Giveaway
How do Alaska’s oil tax policies compare to those of other oil producing countries?
Nine Alaska leaders have been convicted of paying or accepting bribes to lie to Alaskans to help BP, ConocoPhillips and Exxon keep Alaska’s taxes well below world market. Don’t be fooled again. Alaska’s future depends on getting what our resources are worth.
Alaskans have been repeatedly told that Alaska’s newly enacted oil taxes are far higher than most of the world’s oil producing countries. Don’t be fooled. Below are the tax rates of twenty-five countries that retain a much greater share of the profits from their oil than we Alaskans and the Federal Government combined retain from ours. The %# indicated is the % of the net revenue kept by governments after all expenses of production and transportation have been deducted from the gross. From a $100 barrel, Alaska and the federal government take 73% of net in taxes and/or royalty.
Below are articles by respected publishers from around the world who expose the fact that BP, ConocoPhillips and Exxon produce oil for their clients in other countries for a lot less than they would have Alaskans believe it should cost.
Most of Alaska’s media, probably in fear of losing advertising revenues from BP and ConocoPhillips, have avoided the issue of how Alaska’s oil taxes and oil profit opportunities compare to those in other countries.
Without comparisons, thousands of voters lack the proper tools to assess the fairness of Alaska’s oil tax known as Alaska’s Clear and Equitable Share or ACES.
Below find:
Bloomberg Business & Financial News: “London-based BP’s report on an 18 percent world-wide average return on capital last year”……………………Page 37.
Gaffney and Cline: an internationally respected oil consultant estimates BP’s North Slope investment returns at 123% Page 39.
Business Week: BP produces Iraq’s oil in exchange for costs plus a service fee of $2 a barrel…….Page 24 &25.
Bloomberg Financial: BP’s CEO says “BP’s returns on BP’s $2 per barrel contract with Iraq is consistent with their international average of 15 to 20 percent”..Page 36
In 2009, BP made $28 per barrel from Alaska’s oil for a net profit return on investment of approximately 123% … Articles on..Pages 8 and on 38 & 39.
Petroleum News: Predicts North Slope booms! “Alaska’s upcoming North Slope drilling season is shaping up to be busiest in decades” ……….. Page …40
Please read, download and share the PDF with the complete story here:
http://citizens4ethics.com/site/wp-content/uploads/2011/08/Iraqi-Clips-Petroleum-News-ADN.pdf
This brochure document was researched and prepared by Ray Metcalfe and paid for by Citizens for Ethical Government. The same people who exposed Veco for bribing Alaska’s Legislators. P.O. Box 231007 Anchorage AK 99523 Phone 907-344-4514. We authorize anyone may reprint and distribute this brochure.
For A Better Understanding of Corruption In The Seafood Industry
Read the four news articles below and the report that started the whole ball rolling:
(1) King of Fish Sticks. By Laura Onstot Seattle Weekly November 18, 2008:
•The story about how Chuck Bundrant built a seafood empire on “trash” fish–with a little help from U.S. Senator Ted Stevens.
(2) Ben’s Bribes in a NutShell (PDF). By Ray Metcalfe June 20, 2006
•Ben’s Bribes in a NutShell details how the recipients of Ted Stevens’ earmarks kicked nearly one million dollars back to Ted Stevens’ son threw an elaborate scheme of grants and bogus consulting fees.
•Ben Stevens was the President of the Alaska State Senate at the time. Had it not been for the information exposed by Ray Metcalfe, Steve Taufen, and Victor Smith explained in these articles, Ben Stevens would have probably succeeded his father in the U.S. Senate just like Lisa Murkowski succeeded hers. The only thing that would have changed would be the number of zeros on the kickbacks.
(3) FBI Investigating Stevens’ Fishing Bills (WORD.doc) By MATT APUZZO, Associated Press Tuesday, Oct. 30, 2007 (10-30) 13:53 PDT WASHINGTON (AP)
(4) Seattle processors subpoenaed in seafood inquiry By Hal Bernton Seattle Times Saturday, December 16, 2006.
Weyhrauch again tries to move trial to Juneau
The Associated Press
Published: February 6th, 2011 03:52 PM
Last Modified: February 6th, 2011 03:52 PM
JUNEAU, Alaska – Former Rep. Bruce Weyhrauch again is trying to move his federal corruption trial to Juneau, the city where Weyhrauch lives and continues to practice law.
Read more: http://www.adn.com/2011/02/06/1687451/weyhrauch-again-tries-to-move.html
Citizen’s group attacks Palin’s appointed AG for doing nothing about bribery
In a TV ad that began airing all over Alaska Tuesday, Ray Metcalfe, Chairman of Citizens for Ethical Government and the whistle-blower initially responsible for exposing BP’s subcontractor Veco for bribing Alaskan legislators to cut BP’s taxes, now tells viewers that Alaska’s Attorney General, first appointed by Palin, now retained by the Parnell Administration, has come to the aid of, rather than investigate, a State Senator who appears to have taken bribes in exchange for securing appropriations.
Metcalfe said “he had high hopes that things would change when Palin won the Governor’s office in 2006 but they didn’t.” Former Governor Frank Murkowski’s Attorney General defended several legislators against accusations of bribery until the day they were busted by the FBI. Following her election Palin accepted credit for Veco’s exposure, an exposure she had nothing to do with, her Attorney General appointments either buried their heads in the sand on issues of corruption and, in the case of Palin’s last appointment, he, like his predecessors under Murkowski, has come to the defense of, rather than investigate a State Senator who appears to have taken bribes.
