7/29/2019 Resolution - Oil Tax Reform Initiative

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RESOLUTIONSTATE CENTRAL COMMITTEE

December 8, 2012

ALASKA REPUBLICAN PARTY1001 West Fireweed Lane, Anchorage, Alaska 99503

Phone: (907) 276-4467 Fax: (907) 276 -0425

V i s i t u s o n l i n e a t a l a s k a r e p u b l i c a n s . c o m

Paid for by the Alaska Republican Party 1001 W. Fireweed Lane, Anchorage, AK 99503.

Not authorized or approved by any candidate or candidate committee.ALASKAREPUBLICANS.COM P 1

OIL TAX REFORM INITIATIVE

BE IT RESOLVED BY THE ALASKA REPUBLICAN PARTY:

WHEREAS, upwards of 90% of the State of Alaskas general fund revenue originates via

harvest of oil resources located on Alaskas North Slope;

WHEREAS, the single most important driver of Alaskas economy is the production of ANS oil;

WHEREAS, the Trans-Alaska Pipeline System currently pumps less than 600,000 barrels perday, at less than 30% of capacity;

WHEREAS, throughput will approach 300,000 barrels per day within ten years and 200,000

barrels per day within 17 years, assuming a conservative 6% annual rate of decline, ceteris

paribus;

WHEREAS, ANS oil reached historically low price levels during the mid-to-late 1980s, and at

various times thereafter;

WHEREAS, these low-price events were not, and could not, be predicted;

THEREFORE BE IT RESOLVED that the Alaska Republican Party respectfully requests that

Alaska Legislature support the Parnell Administrations effort to pass legislation resulting in

reform intended to spur investment in ANS oil fields thereby reversing the economically

ruinous decline in TAPS throughput.

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