Wait a sec until I make a baloney sandwich from this.

OK, now I'm ready.

The oil companies didn't give Alaskans one red cent. We (the legislature and numerous governors) allowed them to pump OUR oil at bargain-basement rates. And often had to sue them to get even that.

And please drop the "90% of the state budget" misinformation. Thanks to SB21 (and stop with the Aces red herring - the legislature rejected a fix that would have provided a reasonable floor for production taxes) we are in line to net about $225 million from our oil next year - out of a $5 billion budget. Do the percentage on that. While providing three times ($775 million) that much in oil tax credits.

In terms of current income, the oil companies could slip out the door, and it would hardly impact the state's budget. But then, who would be there to feed our corrupt legislators?