On the North Slope of Alaska, companies spend $52.35 to produce a barrel of oil.
The current price for North Slope oil is $38.13
$38.13 – $52.35 = -$14.22 (In the Red)
In the red = Private sector losing money
HB 247 = Increased taxes & 100% Government take at current oil prices
Increased Taxes + In the Red = No investment, No jobs, No production
HB 247 is bad policy and bad math. Kill the bill, not the private sector.