A Citizen’s Guide

The tiff over potentially misleading revenue figures in the House Oil and Gas version of ACES has to do with the timing of those revenues, according to the ADN. Basically, a news release that went out Sunday said the committee version would bring in more money than Palin’s version of ACES if oil prices were above about $80 a barrel. It failed to mention that it wouldn’t do that until 2013 because of other credits allowed in the bill that weren’t allowed in Palin’s version. Adding to the confusion is the fact that the new version didn’t get a fiscal note from the Department of Revenue as is customary.