Alaska Disasta! Conoco Net Income Looks Grim…
Forgive me a second while I try to calm down. I… it’s…. I’m sorry. Just… just give me a second.
(You kindly wait while I compose myself)
You know how Governor Parnell tells us that we have to give $2 billion back to the oil companies every year? It’s not that he really wants to, but you know, they have to make a living. They invest a lot in our state, and we need to show a little gratitude. We can’t be all greedy and hog it all to ourselves, or they will just be lose their incentive, and will be forced to take the show elsewhere in the world, and then we’ll be left here with a dead economy. We have to “keep Alaska competitive” as the Parnell saying goes.
And this is why we’re all in such a panic. Now, with this latest news, I… I just don’t know how the oil companies are going to survive here. The “Big Three” (Conoco, BP and Exxon) are barely making it. The new reporting numbers are out for ConocoPhillips, and their net income from Alaska for the first three quarters of the year is only… only… $1.5 billion.
Times are bad, ladies and gentlemen. And Sean Parnell knows this. This is why it’s so terribly important that his bill giving $2billion a year back to the oil companies is passed. Otherwise, how can they possibly stay? I mean who needs schools, and roads, and bridges and all that stuff. We need to do a little triage here, and put that money where it’s really needed for Alaskans. In the meantime, all we can do is hope and pray that Conoco manages to pull it out in the fourth quarter so they can justify staying in this God-forsaken, anti-business hell hole.