Bradner: current petroleum policy is "too cautious"

In this article in the September 25 edition of the Anchorage Daily News, Tim Bradner notes that with oil production down, petroleum jobs falling, and new exploration setting record lows, Alaska's current government policies - and those proposed by both candidates for governor - do not do enough to encourage investment in the petroleum industry - an industry that supports one-third of Alaska's economy. Bradner points out that Alaska's drilling incentives do not overcome the effects of the high tax rate, which dampens the economics of the high-cost, high-risk investments that could result in major discoveries of oil. Read the full article here.