The PLC is Falling!

The PLC is falling...the PLC is falling...Toto, take shelter! Wow, what the hell is up with British Petroleum stock? What you mean who cares! Hey, BP may be selling out its North Slope assets after 30-years of lucrative bed-wetting, and faster then Governor Bilbo cutting his inaugural ball budget, but are the BP folks packing their bags also? Is the SOHIO Tower for sale? See, Alaskans - ALL Alaskans due the fact Don Young is the “Beanie Master Baiter” for “ALL Alaskans” - well some of our resource development loot is used to gamble – in the stock market through the Alaska Permanent Fund Corporation. The outfit that has today exactly $52,945,100,000 of our loot in “stock market safe keeping” and each year it gets out the “Royal Wedding Knife” and cuts a sliver of the pie and you get that welfare check. But damn, even though BP is still one of Alaska's major exploiters, what gives? Sure the sky is falling, as BP is getting beat up big time with the Gulf “Deepwater Horizon” disaster – some $4.5-Billion in fines. And due our affiliation as a stockholder, we pay! So the state is not only loosing loot with the price of oil crashing - to the price the experts hired to consult the state warned but due Chicken Little's extravagant lifestyle – well we are loosing big time. See, we loose from the oil tax collected due the price deescalation as energy stocks are sick. Here it is, Alaska's gambling report card for this year so far:

BP PLC ORD USD:
Gambled $47,262,423 and lost ($17,246,192)

CONOCOPHILLIPS:
Gambled $59,327,000 and lost ($1,253,542)

EXXON MOBIL CORP:
Gambled $103,916,412 and won $13,424,732

And not only are we suffering gambling loses with the “Majors”, as the “Oil Service Sector” is also getting hit hard, and Alaska is heavy into “Fracing” stock brokering down south.

CAMERON INTERNATIONAL CORP:
Gambled $23,090,796 and lost ($4,488,348)

HALLIBURTON CO:
Gambled $27,961,719 and lost ($3,446,481)

But we are still making money off the British mentality, by selling cancer.

BRITISH AMERICAN TOBACCO ORD:
Invested $19,077,672 and gained $2,783,331