Conoco profits prompt rush to the bully pulpit
ConocoPhillips’ release of its second quarter earnings statement last week set off some political theater in Alaska as legislators mounted the pulpit to denounce anew Gov. Sean Parnell’s proposed modification of state oil production taxes.
Second quarter profits by the company show that reducing taxes would be a big giveaway, state Sen. Hollis French and Rep. Les Gara, both Democrats from Anchorage, said in a press conference.
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