Arkansas Blog

I can't read it for the ads on the right side of the page.

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"It's a no-brainer"

Are you talking about the governor or a particular legislator? The description fits, to be sure, regardless of the referent.

Duh.

Did we really need this to know that 5% per cent was not really a burden for natural gas companies?

If you really think the greed is good boys are making logical, meaningful arguments, well, I've got some gas leases I want to sell you.

A couple questions that I haven't seen answered include:
What is the average life of a well? And when is the majority of the gas produced?

If gas companies aren't being charged the 5 percent severance tax until the well has been in operation for three years, then isn't the severance tax really just a weak 1.5 percent?

My guess is that the majority of the gas being produced would come out of the ground in well under three years. I'd like to see a ballpark figure on the over/under rate of production in the three-year range given before the 5 percent actually kicks in.

Until then, this proposal remains a 1.5 percent severance tax - not the 5 percent being sold at face value.

REPUBLICAN ECONOMICS FOR DUMMIES. Good Job 'Brownie'

President Bush on Monday welcomed the Federal Reserve's sweeping intervention in the nation's financial markets as his administration faced accusations that it had supported the bailout of a prestigious investment bank while doing little to address the hardships of Americans facing foreclosures on their homes.

Mr. Bush singled out Treasury Secretary Henry M. Paulson Jr. for praise, saying he had shown "the country and the world that the United States is on top of the situation," an assertion that was broadly disputed by the president's critics.

"I want to thank you, Mr. Secretary, for working over the weekend," Mr. Bush said in brief remarks in the Roosevelt Room.

click bluename

"...Mr. Bush singled out Treasury Secretary Henry M. Paulson Jr. for praise, saying he had shown "the country and the world that the United States is on top of the situation," an assertion that was broadly disputed by the president's critics..."--elwood

Good god, you can't make this crap up. Praising the guy who is 'on top of' our economic decline. Praising the guy who's 'on top of' the economic mudslide that's destroying many middle class Americans. You're right, elwood, just another Bush Brownie.

When I read the phrase "Ernest Dumas has done it again" my first instinct is to ask who's got the Depends.

Thank you Ernie fo the fine xplanation that we can share with friends.
Yes this will be a 1.5 percent severance, not 5 percent.
Having the drillers and leaseholders pay it sure beats a gas tax hike on
us.
Cheers!

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