Around the globe, there are two basic systems governing the ownership of oil. In the first, resources are owned and controlled by the government. In the second, personal property rights extend all the way down to the core. The difference between the treatment of subsurface mineral ownership has far reaching implications. And, Alaska finds itself[…]
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When the 28th legislature narrowly passed SB21 in 2013, I was working as a policy analyst for the Department of Revenue. I still remember the late night committee hearings and the frantic preparation of fiscal notes. At the end of the day, the bill was named the “More Alaska Production” act. While the name didn’t[…]