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.
brain-i-AK facts
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…
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