If the state isn't making as much as the oil companies by providing the oil then why is oil coming down the pipe? Take the pipe out, go back to pre oil days and live happily ever after. Many workers will be banished to the lower 48, the oil BS will end, Alaskans will be employed removing the pipe, Alyeska pipeline will pay it's 2 billion plus happily provided by the oil companies for restoration since they claim to be losing money in Alaska, Alaska Fish and Game won't need to kill sleeping wolves to help the subsistence problem, the drug problem will go away, the feds can start shipping more money up to provide for good sound projects, Mom and Pops will start up again and profits to large wealth suckers will slow down. The budget will come down to 8 digits again so the legislators will have numbers they can imagine and Alaskans will be well and live long upon the earth.
But it might be fun to see just how warm the oil companies feet will become before they will pull the pipe.