Saturday, April 16, 2011

BP Pleads for Alaska Tax Breaks‏

BP pleads for tax breaks to start new oil fields in Prudoe Bay Alaska. http://www.reuters.com/article/2011/04/15/us-bp-alaska-idUSTRE73E03A20110415 Oil is selling at 107 per barrel. Oil companies are swimming is cash. They always plead for more domestic production. But then tell Alaska they will only start new projects if they get huge tax breaks. Tax breaks at 107.00 a barrel? FUUUUUUCCCCCKKKKKKKKKK YYYYOOOOOOUUUUUUUUU!!!!!!!!!!!! Some how taxes make oil less profitable. Am I missing something. Alaska has a 10 Billion dollar debt http://sunshinereview.org/index.php/Alaska_state_budget Prudo Bay has 25 BILLION barrels of oil. http://en.wikipedia.org/wiki/Prudhoe_Bay_Oil_Field At $107.00 per barrel that is $2.6 TRILLION DOLLARS worth of oil. And BP doesn't think that is enough to also pay some taxes. F*ck You is not strong enough. Whatever is stronger then F*ck you is what Alaska should be telling BP.

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