Kelly Armstrong on Energy & Oil

Reduce oil extraction tax from 6.5% to 5%

There is hereby imposed an excise tax, to be known as the "oil extraction tax", upon the activity of extracting oil from the earth. The rate of tax was 6.5% and this bill reduces that rate to 5% of the gross value at the well of the oil extracted. The 5% rate also applies to secondary or tertiary recovery projects, where the previous tax was 4%. However, if the average price of a barrel of crude oil exceeds the trigger price of $90 for three months, then the tax rate is set at 6%. Previously the trigger price had to exceed $90 for five months.

Legislative Outcome:
• House vote 57-32-5 on April 20, 2015
• Senate vote 32-15-0 on April 23
• Signed by Governor Dalrymple on April 29

PVS:Don't regulate greenhouse gas emissions.

Project Vote Smart inferred whether candidates agree or disagree with the statement, 'Energy & Environment: Do you support the federal regulation of greenhouse gas emissions?' PVS self-description: "The Political Courage Test provides voters with positions on key issues. Historically, candidates have failed to complete our test due to the advice they receive from their advisors and out of fear of negative attack ads."