If you consider long term (2 or 3 generations) economics you can see oil is dead. The problem with Alaskans in general is they have a boom-bust mentality (grab the gold and get), that has plagued them year after year. If Alaskans and their policy makers can't throw off this short-sighted economic decision making nothing is going to help Alaska in the long term.

Texas saw the issue with oil back in the 80's and moved off of a full oil economy, but you can't promote long term thinking to a group of people who don't love Alaska to the same degree as those who've lived in Alaska for thousands of years.