Prudhoe Bay - Highest Production Tax in the World

So says BP Exploration (Alaska) Inc President Doug Suttles in a presentation to Anchorage Chamber of Commerce.

Suttles went on to give low marks to Alaska Governor Sarah Palin's Alaska Gas Pipeline plans, saying "You would have thought that the world's big companies, whether they were pipeline companies or whether they were gas companies, would want to be part of it. But only one showed up. I think that tells you about the framework that we have in place today and the problems with that framework."

Maybe Suttles is thinking "Beyond Palin"