Wrong on so many accounts.  The North Dakota legislature repealed $5 billion worth of oil tax credits last year.  A 1% increase in the Alaska gross tax will not change world oil economics.  Subsidizing uneconomic projects given a paradigm shift in world oil markets takes a certain kind of stupid.  Every oil company in the world has cut and slashed everything they can possibly cut.  Except our bought and paid for legislature.  The 1.5 billion in credits between last year and this, at 6.5% annually, is half of what they want to tax us forever.  We are paying to give $8 billion worth of oil away.