"Gov. Sean Parnell says it’s now time for the oil industry to increase its investment in oil field projects that create jobs for Alaskans."
September 8, 2014
"ExxonMobil told state regulators again last week not to expect an increase in oil production on the North Slope, arguing it is a “reasonable approach” to conclude that a long-term decline is continuing."*That this was going to happen was so obvious that 89,608 Alaskans voted "Yes" on Prop. 1 on August 18. That's only 10,147 fewer than those who voted "No" despite the stars being lined up for the "No" campaign:
- There were no real contests on the Democratic ballot to get Yes votes out.
- There were a number of interesting contests - particularly the Senate race - on the Republican ballot
- The "No" campaign spent 30 or 40 times more money than the "Yes" campaign
So Gov, a question. What are you planning on doing when the other oil companies do not increase their investments in oil fields? You going to say you need more proof like you did with the National Guard? Even if you have proof, what will you do? Being loyal to your friends is a virtue, Gov, but only if you have better quality friends.
*To be fair, the article also said that Tesoro challenged Exxon's prediction.