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Alaskan Oil Royalties
Posted on 5/4/10 at 2:45 pm
Posted on 5/4/10 at 2:45 pm
All citizens of the State of Alaska get a royalty check up to $3200 each year for royalties on oil pumped out of the state of Alaska. Why don't Louisianians receive such royalties for putting our livelihoods and our environment through such a risk.
Wikipedia
Alaska Bucks
Wikipedia
Alaska Bucks
8
Posted on 5/4/10 at 2:46 pm to Tiger Vision
Didn't Edwards screw that up for us?
Posted on 5/4/10 at 2:51 pm to Tiger Vision
Because Alaska doesn't have a very large population.
During the cold war the government took steps to encourage people to move to Alaska.
This is probably a relic of trying to encourage people to live there.
Posted on 5/4/10 at 2:57 pm to ItTakesAThief
I think it has to do with our corrupt political history. These oil companies have cut canals and pipelines through our marsh which have let salt water move in more easily and it's killing our coastline and now this oil spill just tops it off and the people of Louisiana aren't getting crap out of it but some jobs. Being that we have such an abundance of natural resources it sucks that we are continually one of the poorest states.
This post was edited on 5/4/10 at 2:58 pm
Posted on 5/4/10 at 2:58 pm to Tiger Vision
Because the feds own most of LA's oil
Posted on 5/4/10 at 2:58 pm to Tiger Vision
Alaska drilling and production = in state waters/on state land
Gulf of Mexico waters = now mostly federal waters
Gulf of Mexico waters = now mostly federal waters
Posted on 5/4/10 at 2:59 pm to Tiger Vision
b/c we have had decades of ineffective and greedy local politicians.
Posted on 5/4/10 at 3:01 pm to Lloyd Christmas
damn feds... they must be putting that money to good use in case the good people of Louisiana ever have natural disaster and need help... Oh, wait!!!
Posted on 5/4/10 at 3:02 pm to o0 ecdysis 0o
quote:
Gulf of Mexico waters = now mostly federal waters
The pipelines run through Louisiana. I say tax the hell out of them.
Posted on 5/4/10 at 3:03 pm to el tigre
quote:
b/c we have had decades of ineffective and greedy local politicians.
I believe this is the real truth.
Posted on 5/4/10 at 3:05 pm to Tiger Vision
quote:
The pipelines run through Louisiana. I say tax the hell out of them.
they do.
pipelines =\= exploration and production.
Posted on 5/4/10 at 3:17 pm to el tigre
quote:
b/c we have had decades of ineffective and greedy local politicians.
Winner.
Realistically, Louisiana is one of the richest "natural resource" states in the Union I believe. When I say that I mean oil, natural gas, fishing, shrimping, etc.
There's no reason that more money shouldn't stay in the state than actually remains here or stays in the hands of those in power. Huey had some intriguing ideas about some of that sorta thing.
Posted on 5/4/10 at 3:20 pm to OldIowaTiger
I think that it was Leander Perez who was involved in these negotiations and turned down a really nice offer and demanded more.
Gov't walked away from talks. Federal Government passed some legislation and secured the rights to drill, came down and drilled and offered Louisiana peanuts compared to the deal they had originally offered Louisiana
Posted on 5/4/10 at 3:22 pm to o0 ecdysis 0o
quote:
Gulf of Mexico waters = now mostly federal waters
This is a bullshite excuse!
New Mexico receives 50% of Oil and Gas revenues on FEDERAL lands.
Why do the gulf states not receive 50% of revenues in FEDERAL waters?
So much for that "All being equal thing".
Posted on 5/4/10 at 3:23 pm to Tiger Vision
Alaska
Population Total 698,473 (2009 est.)
Louisian
Population - Total 4,410,796 (2008 est.)
Population Total 698,473 (2009 est.)
Louisian
Population - Total 4,410,796 (2008 est.)
Posted on 5/4/10 at 3:24 pm to Tiger Vision
alaska doesn't have a giant budget shortfall. they don't have to keep up with as many roads and pay for as many people's hospital bills
Posted on 5/4/10 at 3:27 pm to Hermit Crab
Instead of comparing populations (which is valid), how does overal oil revenue relate?
Posted on 5/4/10 at 3:28 pm to Hermit Crab
quote:
While he was lieutenant governor, a part-time position, which permitted him to practice law as well, Dodd directed Louisiana Civil Defense, and he represented the state before the Tidelands settlement commission.
Dodd and then Louisiana Attorney General Bolivar Edwards Kemp, Jr., who served from 1948–1952, maintained that Louisiana seriously erred when it rejected a compromise tidelands offer from the Truman administration. Had Governor Long agreed to the deal, the state would have gained billions of additional dollars in state revenues over the coming decades, Dodd said. Long rejected the compromise on advice from Judge Leander Perez of Plaquemines Parish, who maintained that Louisiana could win a much better settlement before the U.S. Supreme Court. As it turned out, Dodd's assessment was correct, and the Supreme Court rebuffed Louisiana's attempt to get a greater share of the offshore revenues. Dodd maintained that Louisiana government would have been the best funded in the nation had Long accepted Truman's offer.
Posted on 5/4/10 at 3:33 pm to tgrgrd00
quote:
New Mexico receives 50% of Oil and Gas revenues on FEDERAL lands.
Why do the gulf states not receive 50% of revenues in FEDERAL waters?
So much for that "All being equal thing".
There's a clear difference between 'federal lands', which are clearly bound by state lines, and federal waters.
I'm not saying I agree one way or another, but that's how it works. The work in the Garden Banks area is as much Louisiana as it's Texas, who should receive royalties for that production? With land issues, it's more cut and dry.
I hope people realize that these platforms are literally considered islands from a legal standpoint.
This post was edited on 5/4/10 at 3:34 pm
Posted on 5/4/10 at 3:37 pm to OldIowaTiger
quote:
how does overal oil revenue relate?
Some of the most skewed numbers you will ever see. Completely irrelevant.
"Louisiana" doesn't contribute as much revenue because oil from "Louisiana" is only considered within 3 miles of the coast of Louisiana.
Now if you extend that line out to say 50 or 100 miles Louisiana oil/gas revenues to the US treasury would have to be number 1. But we won't know because it is all just considered Federal Outer Continental Shelf revenues. (At least that I can tell, if someone has been able to find the numbers for revenues greater than 3 miles off the LA coast specifically PLEASE fill me in because I have been looking for years.)
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