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Giving billions to oil is bad business

Posted: Monday, March 21, 2011

To the average person, thinking about politicians and attorneys doesn't normally conjure up analogous comparisons to mom, apple pie and Old Glory. More so, the comparison to terms such as, slimy, sneaky, and dishonesty seem to immediately come to mind. That's not to say that all politicians and lawyers fall into these categories or that everyone thinks this way. Some people have had pleasant experiences with individuals in one or the other or both professions. However, because the media jumps at the chance to expose these individuals when they have done something sociably unacceptable, such as break the law, enter into extra marital affairs, and violate ethics laws, I believe many who read the periodicals tend to look at these persons with a wary eye.

I see the governor now thinks we should give the oil companies billions. I also notice he used to work for the oil industry. Doubting Thomases might wonder whether "future self gain" could be the motivator for him wanting to give billions of dollars of Alaska's money to past employers who have already posted billions in net profit for the last quarter of 2010. I'm sure the governor would stand his ground adamantly stating he only has the best interest of the state in mind -- more exploration and more jobs! And, perhaps that's the case.

However, there are still those who will wonder if external forces are at hand behind this proposal. Perhaps the governor might consider avoiding proposing any benefits for the oil industry and let the legislature take the lead if they decide it's important.

Good business practices say that sometimes you have to spend money to make money. However, when a business employs this tactic they usually have a plan they believe in to recoup their expenses. From what I have been able to garner, we have no plan, just a pie in the sky. And that folks is just bad business!

Dean Hill, Sterling

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