BP Alaska president pleads for lower state taxes

[Still a Democrat]

Alaska must lower its state oil production taxes to attract the investment needed to boost dwindling flow in the Trans Alaska Pipeline System, the president of BP's Alaska unit told a pro-industry group Thursday.

"I will stake my career and my reputation that this will make a big difference to Alaska and it will be good for all Alaskans," BP Exploration (Alaska) President John Minge said.

Alaska's North Slope holds enough untapped oil to continue production for decades, he said. "I absolutely see 50 years more," he said.

But without a major change to the state taxes, Alaska's oil patch faces a grim future, said Minge, whose company operates Prudhoe Bay and other large North Slope oil fields. It is one of the three major oil producers in Alaska and holds a 47 percent ownership share of the Trans Alaska Pipeline System.

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http://www.reuters.com/article/2011/04/1...3A20110415

[RoyGBiv]

Mmmhmm

Now about that bridge ...