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Thursday, March 24, 2011

How To Bargain With An Oil Company For Its Tax Break

If Conoco-Phillips wants a 40% reduction in oil taxes in Alaska, here is what I would ask for in return: Move CP's R & D unit to Alaska and finance it with part of the tax roll back. Alaskans have this crazy notion that if only the oil companies invest in field exploration and development that the next 30 years will be jut like the last 30. Well--that ain't gonna happen. Why? Because it is not in the interest of the growth in their stockholder's return on equity that they go back to the future--they are going forward to the future and they are going to finance part of that acceleration with our Tax dollars. These Corporations aren't going to stand still; they are dynamic and they are going to change and Alaska should be positioned to change as well--right alongside them. So, here is my modest proposal--if CP wants a 40% reduction in its tax burden in Alaska, we will propose that they bring their Research and Development subsidiary up here and capitalize advancements in emerging technologies right here in Alaska. The profile of their Research and Development unit can be found on page 22 of their current 10-K Report. As part of their investment in research, CP is currently making significant investments in University Research in Colorado and Texas. In Financial Note 23, Pp 130 of the 10-K report, R&D expenses were roughly $230 M in 2010. At that level of funding, and assuming a $750 M annual tax benefit for Conoco Phillips from lowering their taxes, those investments from our tax breaks could anchor a significant R&D backbone within our University System, fund quality support jobs and still leave enough money for significant investment in Alaskan fields.
Technology Development
Our Technology group focuses on developing new business opportunities designed to provide future growth prospects for ConocoPhillips. Focus areas include advanced hydrocarbon processes, energy efficiency technologies, new petroleum-based products, renewable fuels and carbon capture and conversion technologies. We are progressing the technology development of second-generation biofuels with Iowa State University, the Colorado Center for Biorefining and Biofuels and Archer Daniels Midland. We have also established a relationship with the University of Texas Energy Institute to collaborate on emerging technologies. Internally, we are continuing to evaluate wind, solar and geothermal investment opportunities.
In early 2011, we announced we will partner with General Electric Capital and NRG Energy, Inc., to form a new joint venture, Energy Technology Ventures (ETV), which will focus on development of next generation energy technology. ETV will invest in, and offer commercial collaboration opportunities to, venture- and growth-stage energy technology companies in the renewable power generation, smart grid, energy efficiency, oil, natural gas, coal and nuclear energy, emission controls and biofuels sectors.
In addition, we are equal co-venturers with General Electric Company in a Global Water Sustainability Center in Qatar, which researches and develops water solutions for the petroleum, petrochemical, municipal and agricultural sectors.
We offer a gasification technology (E-Gas™) that uses petroleum coke, coal, and other low-value hydrocarbons as feedstock, resulting in high-value synthesis gas used for a slate of products, including power, substitute natural gas (SNG), hydrogen and chemicals. This clean, efficient technology facilitates carbon capture and storage, as well as minimizes criteria pollutant emissions and reduces water consumption. E-Gas™ Technology has been utilized in commercial applications since 1987 and is currently licensed to several third parties. We have also licensed E-Gas™ to third parties in Asia and North America, and are pursuing several additional licensing opportunities.

Tuesday, March 22, 2011

Parnell's Own Advisor Refuses To Endorse HB 110

This is an excerpt from the Teamster's Legislative Newsletter:

"The Governor has said the state would continue to receive its fair share of revenue, while establishing a secure investment climate for our industry. A consultant hired by the Administration, Rich Ruggiero, stated in his testimony last week to the House Resource committee that he was not endorsing the Governor’s bill, but did give an up and down scenario. If the legislature passes HB 110 the upside could result in companies redoubling investment on the North Slope and the Trans-Alaska Pipeline System (TAPS) and they will continue to operate through 2050. His downside scenario is the legislators cut taxes and the companies don’t invest, and TAPS stops flowing sometime before 2030. If TAPS last longer, the state could receive $210 billion dollars in tax revenues or lose $20 billion dollars over the next 15 to 20 years by reducing taxes without an effect. According to Ruggiero, if companies want to take Alaska oil and reinvest somewhere else, then the state should get its share, if they want to develop the North Slope then the state should encourage the companies to do so. The bill, with a few amendments, moved out of House Resources on February 28th."

Richard Ruggiero LNG Manager
Gaffney , Cline & Associates
1360 Post Oak Blvd # 2500
Houston, Texas 77056

713 850 9955
United States
GCA is an international advisory firm focused on the provision of integrated technical and managerial services and independent advice to all sectors of the oil and Gas Industry.

Friday, March 11, 2011

Hey America! Know Thyself; Know thy Enemy...

Speaking Truth To Power is often invoked when one describes a face-off between a David against a Goliath. 'The Little Guy' for example, facing a Big Government Bureaucrat or a whistle-blower confronting a Big Corporate Fat Cat. It is less often used when the abuser of power is the people themselves. In this case, the power is free speech. The abuse of that power is fomenting fear and civil disorder. Perpetrators may be on the Right and Left sides of the political spectrum. But unlike the hypocrites over at Fox, I don't pretend to be 'fair and balanced' in this analysis because what I see is a nation careening horribly off-center and despite a handful of leftward debaters shouting themselves hoarse, there is a lynch mob rumbling through the country and it is on the Right. Well I have a few things to say to this mob before they swamp the Commons and hang Truth from sea to shining sea.

1. Smell the rope. Break away from your bubble of talk radio and Fox News long enough to look at who is funding all the PACS and Think Tanks. These are the guys who are feeding you the rope. Do you smell that oil? Don't you smell that expensive cologne?
2. Know thyself. Are you a millionaire? Are you a corporate fat cat? Do you really need 'deregulation' and tax breaks for the rich? Are you really a victim of government overreach or the failure of government to protect citizens against Billionaire Ponzi-schemes?
3. Know thy enemy: Worried about the Illuminati and the Bilderbergers? I am more worried about the Koch Brothers and Massey energy. Don't waste your energy stewing about mythical beasts and chimera who may create some comic-book Armageddon, the real enemy wants you to work for next to nothing and kill yourself in unsafe, unregulated  workplaces.
4. Know Reality. The Right Wing mob lives in a parallel universe. Over a third of self-identified Republicans believe that President Obama is a Muslim. Over half of self-identified Republicans believe that our democratically-elected President is working against the best interests of the United States. Almost a quarter of Self-Identified Republicans believe that President Obama is not a U.S. Citizen. Political snake oil is being peddled by the likes of Sarah Palin and Glenn Beck characterizing President Obama as socialist when he is anything but socialist. Rush Limbaugh refers to the President as Imam Hussein Obama.
5. To thine own Self be True: So who is your real enemy? Who is your real friend? What is the source of your anger, discontent and problems anyway? Are you REALLY a victim?

Tuesday, March 01, 2011

Shades of the Thirties in Battle Against Unions |

 M2K note: The image pasted into this lead for the excellent historical perspective by Dick Meister is an illustration of the messaging to support Roosevelt's intervention with the labor strife largely fomented by Capitalists in the 1930s. It shows "Dr. Uncle Sam" booting out the Capitalist lackey in his top hat and giving nurture to Labor. Among other things, Roosevelt pushed the National Labor Relations Act and he ensured collective bargaining throughout the War. "We need labor to win the war" he said. Isn't that true today? We sure as hell need a Roosevelt now.


By now, there can be no doubting it: What's happening in Wisconsin is one of the most important labor developments in decades. It's of major importance to unions and their members, of major importance to working people generally - of major importance to us all.

In many ways, it's the 1930s again. Just as then, workers and their political allies and other supporters are demonstrating, picketing, marching, striking and otherwise forcefully demanding the basic civil right of collective bargaining - the unfettered right for workers' representatives to negotiate with employers on setting their wages, hours and working conditions.

Shades of the Thirties in Battle Against Unions |

Letter from Here: Note to Gov. Walker: Think the people are going away just because you locked them out?

Letter from Here: Note to Gov. Walker: Think the people are going away just because you locked them out?

Scott Walker Studying Up on How to Close the Capitol | Flickr - Photo Sharing!

Scott Walker Studying Up on How to Close the Capitol | Flickr - Photo Sharing!