A tax break to Alaskan oil companies worth billions was revealed to be ineffective in stopping the descent and may only briefly stabilize oil production.
"It was going to put a lot more oil in the pipeline, that's what we were told by the oil companies, that's what we were told by the governor, that's what we were told by the majorities," said Wielechowski, a member of the minority caucus of Democrats. The Republican-led majority caucuses in each house supported Senate Bill 21.
Wielechowski said that the range of estimates in the Revenue Sources Book all call for continued declines, even the most optimistic."
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"It was going to put a lot more oil in the pipeline, that's what we were told by the oil companies, that's what we were told by the governor, that's what we were told by the majorities," said Wielechowski, a member of the minority caucus of Democrats. The Republican-led majority caucuses in each house supported Senate Bill 21.
Wielechowski said that the range of estimates in the Revenue Sources Book all call for continued declines, even the most optimistic."
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