Walker’s Bad Math Problem

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.