Quote:
Originally Posted by jviehe
Ah, so the oil companies are paying the state to take oil, and then the state is giving some of that money to the citizens to buy oil from the oil companies who are paying the state. Nice scheme.
|
Yeah funny how that works.
But there is good news on the horizon actually coming out of Alaska, minus the fact the ANWR drilling efforts have failed for the year. But there has long been talk about a nat gas pipeline. There is a special session scheduled for next month of the Legs to discussin which plan to pursue. Either way, Alaska will be producing more oil and finally getting the 35trillion cubic feet of nat gas to market in the midwest and west coast. And ensure greater statewide availability to Alaska residents.
But Jviehe something to keep in mind though, is that the resources of Alaska belong to the people by constitution. So that allows for a different way the royalties work out.
Constitution of Alaska - Wikipedia, the free encyclopedia
Quote:
|
Article VIII is the first article dealing solely and broadly with resources to appear in a state constitution. The delegates wished to curtail what was seen as abuse of Alaska's resources (see Ordinance No. 3) and ensure reasonable development to broaden Alaska's economic base. The chief principle was that resources should be managed as a public trust, providing "for maximum use consistent with the public interest", further defined as "utilization, development, and conservation... for the maximum benefit of [the] people"; for common access to resources; and for development to be based on sustainable yield.
|