1. Alaskans owe nothing to oil companies. We have a business relationship which has been perverted to a conceptionalized "partnership." BigOIl owes Alaska, not the other way around.
2. Money spent on credits to find more oil (which in most cases will not be taxed) is ridiculous. When the international market demands, more oil will be sought, without state subsidies.
3. Money spent on the Pipe Dream($60million/yr) is an absolute waste at this time. When the market demands - then consider the LNG line, but let the producers build the thing.
4. Re-do and appropriately design Alaska's tax take on our Petroleum & other resources. No effort is underway currently.
5. And yes, we need to hammer thru cuts in gubmut spending, have an Income Tax, stop all mega-projects, etc.
6. But we have no hope of objectivity in Oil/Gas & other issues unless we impose ETHICS RULES on our Legislature. Until that time, BigOil will continue to siphon off -first our PFDs, then the PF.