Thread by @mattbuxton

Meanwhile, the Senate Finance Committee is already underway with an update on Alaska's oil production trends.

Watch: ktoo.org/gavel/video/20…
Docs: akleg.gov/basis/Meeting/…

#akleg

Been pretty distracted during the hearing, but interesting talk from Sen. von Imhof on the oil industry: "The goal for Alaska is for us to still support the oil industry as it’s our backbone. ... What is the state doing to help ensure that we reach" higher production?

#akleg

Says that renewable energy is on the way, but that it will take decades and that Alaska must continue to focus and support the oil industry "or we will be in the dark, literally and figuratively."

#akleg

DNR Commissioner Feige says that the state is prepared to be a landing spot as investment dollars flee other basins and federal land. Offering a lot of state land for lease.

#akleg

Hoffman says this slide explaining the various levels of production on the North Slope: "One of the most depressing slides in this whole presentation."

Pointing specifically at the nearly non-existent underdeveloped line in the graph.

#akleg

With everyone talking about helping the oil industry, he asks wasn't that the point of Senate Bill 21? "Look at what we did."

He says that it sure looks like Alaska is in harvest mode.

#akleg

Stedman also comments about the ongoing decline: "Those comments were made at this table 10 years ago ... I recognize there's been a lot of effort by the industry to increase production but clearly we were a participant in that also (with SB21)."

#akleg