Many will be unemployed and the state will suffer under HB 247
Look at the Cook Inlet oil companies today, two drillers have gone bankrupt and APACHE the largest oil and gas lease owner in the basin left the state last month!! 

What do you think will happen if HB 247 is made law? 

Alaska will go broke for a long time and the Trans Alaska Pipeline will shut down.

This will cause the state to lose 90% of it's funding and no wise oil companies will do any meaningful business with the state of Alaska because of it's bait and switch tactics that will harm its reputation for decades!! 

Alaska has many undiscovered huge oil fields but if HB 247 is made law they may never be found or produce and the all other depleted fields will run dry and Alaska economy will die!! Alaska's leaders are smart and they will save the state from the insanity of HB 247!