Right on Mr. Researcher. Basing the cost of producing a barrel of oil on what inside industry spokespeople tell you it is is not due diligence journalism. Without a complete and independent audit of oil industry cost/profits we will never know the true cost of production on the North Slope. All that "proprietary corporate" secrecy is there for the purpose of keeping what the public perceives as high costs and low profits for the poor struggling corporations. An audit should have been completed before one syllable of ACES was rewritten by the oil industry into the massive giveaway called SB21. The fact that "new oil" including that from legacy fields and leases over 30 years old like Pt. Thompson will be taxed at the same low rate that is bankrupting the state now is total fiscal nonsense. If oil does go back up to $100/barrel we will still not make enough in oil production taxes because SB21 did away with the progressively larger tax  as prices increased. We lose low and we lose high.