Instead of getting sideways with the law or the bears, just secure your garbage. If you don't do that, or if you do and a clever bear outwits you, then please pick up your garbage.
It's your garbage; it's your responsibility.
July 13, 2014
Juneau Empire: Know before you go (vote)
Many assume Alaska's historical decline in oil production is inevitable. That sentiment may be true, but new data show that Alaska's oil tax system, and the voter referendum this August, may affect that decline.
According to a June 9 article published by the Alaska Journal of Commerce, Alaska's oil production in fiscal year 2014 declined by 700 barrels per day, to 530,939 barrels daily. The 0.13 percent decline is half the margin of error when calculating oil production, meaning the decline could be a little more, or there may have been no decline at all.
The reason for the increase in production over what the state forecasted, (the state expected an 8 percent decline), is from new wells, the AJOC reported.
North Slope oil production has declined by 6 percent annually since 1989, except for 2002, when BP's North Star field and ConocoPhillips' Alpine field began producing and the state saw a 2.6 percent increase, the AJOC reported. That makes 2014's near-even production an anomaly in regards to 25 years of statistical data.
Some proponents of the repeal suggest the improved production may be artificial, the result of maintenance deferred or done in 2013 to allow more production days in 2014.
Voters will have to decide if the change in production is a result of SB21 or despite it.
First, residents need to have all the information available to make an informed decision. Choose wisely, and the amount produced may continue upward. Choose wrong, and it could be right back to annual declines between 6 and 8 percent.
The ramifications of picking the wrong tax structure will set Alaska back. How far, only time will tell. Voters need equip themselves with information from both sides, then make an informed decision in the best interest of Alaska.