I taught math. I wasn’t good in math, but you want a teacher for whom math isn’t obvious. The textbook helped kids identify what they didn’t know. Then they asked other kids. They got points for asking, but big points for explanations. If they asked me, I’d explain ways I’d seen work for dozens of kids. Sometimes I’d get that look, that they didn’t understand how numbers worked. After this last election, let’s try the math again.
In a day and age of corporate men, I am Conocoman.
I confess, even with leftist leanings and environmental sensibilities, I own Conoco stock. A friend that works on the Slope says my car leaks more oil than Conoco’s Alaska operations. So I’m proud to be part of a company who takes corporate responsibility to heart and to their bottom line.
But let’s focus on that bottom line. ConocoPhillips profits under ACES in Alaska were:
2009: $1.5 billion
Just cause the guy’s a greasy thug and you’re scared doesn’t mean you’ve got to grab the tab. You bet Alaska is a tough place to drill for oil — hundreds of miles from a road, with temperatures that turn oil into sludge, where crews are remote and cold.
But if you’re an oil executive you pick the politics, you choose the infrastructure, you pick your battles with the insurgencies, you choose your chance of hitting oil, you pick what you pay in royalties. Go ahead pick:
Taxes less than Alaska
(46% includes federal and state royalties)