So,
now the readers want to know what it means for the State of Alaska,
with this 17-BILLIONth Barrel of Oil extravaganza? OK, here it is.
The state gets its share of the $2-Trillion value of that oil
extracted and sold, through a resource production tax. Of that $2T –
how many zeros? - the state has garnished $119-Billion. About a 1/3rd
of that remains in the Alaska Permanent Fund Reserve – the rest was
spent foolishly by politicians. And for US Alaskanized citizens, we garnished
about 30Mirco%, in that PFD welfare program! That means 0.000030%, not much.
Tuesday, July 29, 2014
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