More legislative shenanigans by Al Carlson

[cbline]

Do you have any idea how much money has been lost by oil companies in the last two years?

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If the oil companies were losing money, their share prices would be in the toilet. This is certainly not the case.

[NDSUstudent]

McFeely article about crooked Al's land swap deal....

http://www.inforum.com/opinion/colum...-and-developer

[Bison bison]

Also not too impressed with Bresciani.

You don't sell, you lease.

https://www.ndsu.edu/vpfa/csfc/planprinciples/

[Bison"FANatic"]

If the oil companies were losing money, their share prices would be in the toilet. This is certainly not the case.

Continental Resources one of the largest if not the largest in ND went from about a high of $79 in Apr 14 to a low of about $17 in Feb 15, I would call that the toilet when they put through the tax cut it has rebounded now to $43 today. The tax cut didn't bring it back though but their shares were in the toilet when it was passed.

The thing is even if we hadn't cut taxes it would not be helping us all that much now as it would only add about 4% to our budget, It wouldn't save higher Ed, it wouldn't save property taxes, it wouldn't save health and human services, it wouldn't save any other group or entity that wants money right now. It is a very small drop in the bucket but everyone points to it being a huge gusher flowing money in and the savior to all our problems. Don't get me wrong I think the cut was stupid and how it was done even worse but in reality its not that big of a deal to the bottom line.

[Bison bison]

It is far from insignificant.

It dropped the tax 1.5%.

A million barrels a day at $40 is $220 million per year in tax revenue lost.

[runtheoption]

McFeely article about crooked Al's land swap deal....

http://www.inforum.com/opinion/colum...-and-developer

Al trying to paint Bresciani as the bad guy...typical Al BS. Port will have a blog post soon doing the same thing.

For the love of God, if you live in Al's district, vote for someone else.

[1993bison]

It is far from insignificant.

It dropped the tax 1.5%.

A million barrels a day at $40 is $220 million per year in tax revenue lost.

Nice analysis. Are you assuming everything stays the same if tax rates are cut?

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[Bison bison]

Nice analysis. Are you assuming everything stays the same if tax rates are cut?

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For a back of the envelope estimate on a 1.5% tax cut, absolutely.

[Son of a Bison]

Real hypocrisy here. Complain about NDSU nursing program and their rent rate and then try to force a below market deal.

Heard UND has a golf course for swap/sale. Maybe force a sale to Sanford to replace Altru.

[Bison bison]

I think that one reason the legislature tried to pass the pornography device bill was so that we wouldn't know what a dirty mother f#cker looks like.