The NPR-A was created by President Warren G. Harding in 1923, when the United States was converting its navy to run on oil rather than coal.
Tax credits can make or break a project, particularly for the little guys. Here’s a sampling of comments on the subject.
“Bottom line is, we can’t commit to Cosmopolitan gas development unless we have either the existing tax credits or a reasonable alternative. We just need some stability. We need to know what it is we’re dealing with. We can’t have uncertainty on this.” – Benjamin Johnson, BlueCrest Energy
“Given ongoing debates about oil tax reform in Alaska, it is important to understand how SB 21 has impacted this situation. The credit programs that create this flow of cash to small producers are a legacy that precedes SB 21 by many years.” – Enalytica
“The tax credit (incentive) system has done exactly what it was intended to do in Cook Inlet. It has attracted new investment and reaffirmed public confidence in Cook Inlet.” – Corri Feige, Director Alaska Division of Oil and Gas
“We would not be drilling these wells without the tax credits. Our entire financing structure is built on these.”- Pat Galvin, Great Bear Petroleum