KTUU in question?

While airing "we have integrity" KTUU is knowingly broadcasting false claims of oil industry executives and advertisers.

1.       TV ad featuring Don Gray of ASRC Energy, said:
“Alaska has the highest oil taxes in North America.” — False!

·           According to the Government owned oil company PEMEX, Mexico has North America’s highest tax on oil at 94 %. To verify see calculations below and Google: Mexico Pemex Aug 18, 2011 bid awards.

·           According to the U.S. Department of Interior, the second highest is Louisiana at 85%. To verify Google: Average Government Take, PI, and IRR Indicator and drop down to page 62. And,

·           The U.S. Department of Interior says, Texas and Alaska are tied for third and fourth place at 76%. To verify Google: Average Government Take, PI, and IRR Indicator and drop to page 60.

2.       ConocoPhillips’ VP of Finance, television news talking point:
“Total ‘government take’ on North Slope oil production is already one of the highest in the world.” — False!

a.         According to the U.S. Department of Interior, the worldwide “Government Take” (meaning total local state and federal tax) varies from 57% to 99% and the worldwide average is 79%. Alaska’s total local, state, and federal tax or “government take” equals a below average of 76%. To verify, google; Average Government Take, PI, and IRR Indicator and drop to page 62.

3.       TV ad featuring Liz Galiunas of ConocoPhillips, said:
“There is an oil boom going on but it’s not happening in Alaska” — False!

a.         According to Alaska’s Department of Labor, the Alaska Department of Natural Resources, and Petroleum News, North Slope Employment is at a record high. More exploration wells are planned for the coming year than at any time since the Prudhoe Bay oil discovery. To verify, Google; Petroleum News North Slope Booms.

   

Ray Metcalfe –– 907-344-4514 –– rayinak@aol.com