Welcome to brain-i-AK.com
Oil and gas are a big deal for Alaskans. One-third of Alaska jobs are tied to the oil and gas industry.Taxes and royalties from oil and gas supply an average of 90% of the state’s unrestricted general fund, which is used to pay for education, public safety, road maintenance and more. It’s important to stay informed about the industry. That’s why there’s brain-i-AK.com – a place to get useful Alaska oil and gas facts from trusted third-party sources. Explore the site and increase your oil and gas IQ.
Read up and increase your oil and gas IQ
Is SB21 effective?
At current prices under SB 21, producers will pay almost $1 billion more in taxes over two years than they would have under the old tax system.
Source: Enalytica presentation to House Finance Committee, 2/17/2015
Who hires Alaskans?
The oil & gas industry has 70% Alaska hire – an average that is similar to other industries in the state.
Source: Alaska Department of Labor and Workforce Development; McDowell Report
What have Alaskans received?
If an Alaska resident has collected a PFD every year since the first check was paid out in 1982, they have received $39,099!
Source: Alaska PFD
How has the restructured oil tax law (SB 21) stimulated investments and projects in Alaska? Please cite specific examples?
It’s a good question, and one that many Alaskans wonder about. Let’s look at why tax reform is working for Alaska, and…read more