Comment: Wow.  Where did you go to school (if any)?  So if I leave AK is it still my oil?  Because every other asset I own it would not matter where I am.  What if someone moves here tomorrow, is it now their oil too?  What about a tourist, do they own oil on their visit?  Alaska residents do not own oil period.  A true trust example is when native land allotments are managed by BLM, that person really has ownership. 
If someone tells you that you own oil they are a fool.