A full moon helps illuminate the Alaskan pipeline under the faint glow of the Aurora Borealis near Milne Point, Alaska, in a file photo. Greg A. Syverson/Getty Images
As Americans grapple with painful prices at the pump amid a global oil crisis, some Alaskan lawmakers seem intent on making that pain even worse. The 49th state is debating a tax increase on certain oil and gas companies, a measure that will make energy even more expensive and chill investment.
E.J. Antoni, PhD, is a public finance economist and the Richard F. Aster research fellow in The Heritage Foundation’s Grover M. Hermann Center for the Federal Budget.
