Our governor and others dismantled ACES to provide a more favorable oil patch tax climate. This with the expectation of increased exploration, more production and bigger profits. Meanwhile I’ve read that James Mulva retired recently from ConocoPhillips (“Alaska’s oil and gas company”) with an exit package of $260 million.
Hey, the roll-back must be working for someone. Life is good.
— Ken Flynn
Anchorage Daily News