LOGA Industry Report - Fall 2008 - (Page 15)

Are you with me so far? I thought so. Follow me. I have a plan… Here’s where we start: Hollywood. No one could deny that entertainment is a vital industry. After all, what would our lives be without entertainment? Drudgery, pure and simple. A site on the web lists ﬁnancial performance of the top seven return-on-investment (ROI) ﬁlms of all time: 1. The Blair Witch Project: ROI 495,900% ($248 million gross on $50,000 investment) 2. Napoleon Dynamite: ROI 11,425% ($46.1 million gross on $400,000 investment) 3. Saw: ROI 8,483% ($103 million gross on $1.2 million investment) 4. My Big Fat Greek Wedding: ROI 7,260% ($368 million gross on $5 million investment) 5. Juno: ROI 2,033% ($160+ million gross on $7.5 million investment) 6. The Passion of the Christ: ROI 1,940% ($612 million gross on $30 million investment) 7. Good Will Hunting: ROI 1,280% ($138 million gross on $10 million investment) (Source: http://www.portfolio.com/ slideshows/2008/2/Top-ROI-Films) There’s gotta be at least a cool billion in tax revenue that Uncle Sam could pick up. Given their political leanings, I’m sure Hollywood won’t object; when you’ve got that kind of dough, who’s gonna miss a few million anyway? So, Mr. Obama, when will a Windfall Proﬁts Tax on Hollywood become a centerpiece of your campaign? Steve Maley Badger Oil Corporation This piece appeared in its original form on the website www.RedState.com. Give LOGA your opinion! Original letters (300 words or less) and guest columns (500 words) are welcome and should be submitted to Ben Broussard at ben@loga.la. With each submission, please include your address and daytime phone number. We edit for space, clarity and fair play. Publication of letters, columns and other material is not an endorsement of the opinions of the writers, nor is publication of letters a validation of facts or statements contained in the letters. Private solicitations, poetry, personal attacks, unfair criticism of private individuals, businesses or organizations or inappropriate language will not be considered. Letters to the editor, opinion and editorial columns, and articles submitted may be published or distributed in print, electronic or other forms. From the Pipeline Natural Gas Division An Experienced Company Offering Natural Gas Services in Louisiana, the Texas Gulf Coast, as well as the mid-continent, upper midwest and the northeast gas markets. Crude Oil Division Today, we are the largest privately owned crude oil purchaser in South Louisiana, with seven pipelines, a 260,000-barrel tank farm and barge terminal, an extensive trucking division, and pipeline systems in LaFourche, Terrebonne, St. Charles, Jefferson, Iberia and St. Martin Parishes. Our number one goal at Central Crude is to act as an extension of your operations. Channels of communication are established quickly in order to eliminate wasted time. We work for you and maintain the level of performance you expect. We are receptive to any input relating to how we may better serve you. Central Crude, Inc. 4187 Highway 3059, Lake Charles, LA 70615 337.436.1000 Main Phone • 800.245.8408 Toll Free • 337.436.9602 Fax • www.centralcrude.com Website 389865_Central.indd 1 7/17/08 8:34:41 www.loga.la | AM 15 http://www.portfolio.com/slideshows/2008/2/Top-ROI-Films http://www.portfolio.com/slideshows/2008/2/Top-ROI-Films http://www.RedState.com http://www.centralcrude.com http://www.loga.la

Table of Contents Feed for the Digital Edition of LOGA Industry Report - Fall 2008

LOGA Industry Report - Fall 2008 Contents Chairman's Corner President's Perspective Commissioner's Comments From the Pipeline... Supreme Court Upholds Act 312 LOGA Challenges Commission's Ad Valorem Tax Rules The Haynesville Shale - Waiting for the Gas to Come In 2008 Legislative Recap Gulf Coast Prospect Expo 2008 2nd Annual LAGCOE Open Golf Tournament Conservationist by Trade Katrina Relief Fund Update DNR Intent Natural Gas Production Surges: A Free Market At Work IPAA Washington Report Legal Updates New Members Index to Advertisers

LOGA Industry Report - Fall 2008

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