In Alaska, the oil and gas industry is seldom far from our thoughts. Production tax structure, gas line plans, and falling TAPS throughput are mainstays of the front page. And when we think of the oil and gas industry, it almost goes without saying that what we are thinking of is the North Slope. And for good reason – the Slope is home to North America’s largest oilfields, provides 90% of the state’s general fund, employs about 10,000 people and produces about 97% of the state’s crude oil. How we act to address the downward trajectory of oil production from the North Slope is arguably the most critical issue facing Alaskans, which is why replacing ACES with a more competitive production tax was the Anchorage Chamber’s number one priority in 20012 and 2013, and why opposing the ballot measure which would overturn this critical reform is our top priority today.
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