Bob, It's apparent that any serious oil tax reforms will have to wait until their are some fresh faces in the legislature. Governor Walker has done everything he could possibly do to move it through this year. 

Senate Finance met this Wednesday in Anchorage at the Taj McHawker. The topic was SB5005, oil and gas taxes, which was recently reintroduced by Governor Walker. Striking the "new oil" clause was one of many reform amendments included in the bill. Unfortunately, testimony from Ken Alper, tax director, outlining the benefits to Alaska with the bill fell on deaf ears.

You can listen to the meetings audio at http://leaddogalaska.net/

For some very strange reason, the meetings audio on the legislative website is garbled to the point of being useless.