Really folks, we might as well go into the oil drilling business for ourselves.  Offer a percentage of the first 10 years oil production for companies that wish to explore for new discoveries,  based on verified flow tests.  No flow, no payments. 

 Why underwrite such a high percentage of a company investment as well as zeroing out production taxes?  In any other state those royalty payments the state receives would go to a private land owner and the other state would still collect their share of production taxes.

I don't blame Caelus for attempting to stack the deck. Oil companies have been doing it for years. I do blame the state for kissing butt every time one of these companies bends over,.

Like I said, the state needs to take over the oil industry in Alaska.  That would be to our benefit unlike the current joker in the stacked deck.