http://homertribune.com/2012/10/diament-seaton-face-off/ Homer, Alaska Fri, 24 May 2013 11:27:29 +0000 hourly 1 http://wordpress.org/?v=3.1.2 http://homertribune.com/2012/10/diament-seaton-face-off/comment-page-1/#comment-97904 Earl Richards Wed, 31 Oct 2012 22:18:41 +0000 http://homertribune.com/?p=24760#comment-97904 Big Oil is not a fragile industry. In 2011, BP made $26 billions, Shell made $29 billions, ExxonMobil made $41 billions and ConocoPhillips made $12 billions and not one of these corporations paid any federal tax, or very little, or received a rebate and received tens of billions in tax breaks, tax credits and subsidies. The demand for oil will increase oil production, not taxes. The $2 billion per year, tax giveaway will not increase the flow of oil through the pipeline. This notion is an insult to the intelligence of the people of Alaska. The $2 billion will probably end-up in an offshore, bank account in the Cayman Islands, and from there to who knows where, because Big Oil does not have to account for the $2 billion, to the government and to the public taxpayer. ACES is working just fine and does not need to be changed, because Shell has been bragging about investing $5 billions in Alaska, without the $2 billions per year tax giveaway. Big Oil is always making-up phony excuses to get out of paying taxes, including property assessment taxes, and they do this in all the countries and states in which they operate. Big Oil has to pay their full share of taxes to pay for any environmental destruction. Remember the Exxon Valdez. Big Oil is not a fragile industry. In 2011, BP made $26 billions, Shell made $29 billions, ExxonMobil made $41 billions and ConocoPhillips made $12 billions and not one of these corporations paid any federal tax, or very little, or received a rebate and received tens of billions in tax breaks, tax credits and subsidies. The demand for oil will increase oil production, not taxes. The $2 billion per year, tax giveaway will not increase the flow of oil through the pipeline. This notion is an insult to the intelligence of the people of Alaska. The $2 billion will probably end-up in an offshore, bank account in the Cayman Islands, and from there to who knows where, because Big Oil does not have to account for the $2 billion, to the government and to the public taxpayer. ACES is working just fine and does not need to be changed, because Shell has been bragging about investing $5 billions in Alaska, without the $2 billions per year tax giveaway. Big Oil is always making-up phony excuses to get out of paying taxes, including property assessment taxes, and they do this in all the countries and states in which they operate. Big Oil has to pay their full share of taxes to pay for any environmental destruction. Remember the Exxon Valdez.

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