Action Line 10-16-20

    Action Line

    Friday, October 16th, 2020 - 20 minutes

    Alaska Ballot Measure 1, the North Slope Oil Production Tax Increase Initiative, is on the ballot in Alaska as an indirect initiated state statute on November 3, 2020.

    "yes" vote supports increasing taxes on oil production fields that (a) are located above 68 degrees north latitude in Alaska, which is an area known as the North Slope, (b) have a lifetime output of at least 400 million barrels of oil; and (c) had an output of at least 40,000 barrels per day in the preceding calendar year.

    "no" vote opposes this ballot initiative to increase taxes on North Slope production fields that produce above a certain amount of oil.

    Subscribe to this podcast

    Current Conditions

    Crude Oil Price