Alaska Chinook: Prudhoe Bay Mortality

Prudhoe Bay Mortality

Wow, so Alaska made the “Big Time” just before the fire-crack hoes saluted in the New Year, as the “State of the DEPRESSED State” was a headliner for the FOX. Yessiree Dub, on prime time tonight even without a Sarah serenade. See, according to local legends of Legionnaires disease, Alaska is broke! So after some 40-years without a sales tax or state income tax, due oil sinking to $37 bucks a barrel, the sky is falling and the governor thinks it is time to rape the citizens – Ok maybe rob is a better fit. Now waste just a minute, as somebody has the facts misaligned! Back in the early 80s, oil sank to $8 dollars on the barrel head, yet there came no doom and gloom. Same kind of crash in 1998. But it wasn't a big deal, as “lifting” costs allowed Alaska to reap higher profits per barrel then that which could be demonstrated in Saudi Arabia. What that means is we did it better then the Prince, due the fact we don't treat our oil field workers like cesspool slaves! Invest in good salt-of-the-earth labor, treat them with dignity and it pays off! Indeed, when crude was selling on the “black gold market” at that $8 dollar spot price, beneficiaries of that commodity sent down the Trans-Alaska-Pieline realized about $5 bucks in the wallet, after adjustments for everything and anything. The State by virtue its eminent domain sovereignty territorial status, well the 49er is a beneficiary of the resource. So even when the Texans and Okies were clamming up due depressed economies, low and behold Alaska survived. To date, some 17-billion barrels of crude has been extracted from Prud”hoe” Bay, and the state has enjoyed ownership and selling rights to a pretty good percentage of that oil, as oil wealth which accounts for 85% of the state's fiscal budget habit. To date, in excess of $65-billion taken in to fill the coffers, wherein $22-billion was set aside as an investment not to be ransacked by the Juneau mobsters - due threats by the Bush Rat that if the legislators didn't mind the P's & Q's and deviated away from fiscal responsibility then it would mean reneging and we would loose statehood and become once again a territory. So today that investing has paid off, as the Alaska Permanent Dividend has a “Reserve” of $52-Billion, and when one takes hold of all the pots-of-gold here to there and everywhere in between reality, including that Bill Sheffield safe at the end of the Don Young “Bridge to Nowhere”, the State of Alaska has a “War Chest” of at least $100-Billion - saved away for a rainy day. That supply can fuel the state for that many years, 100-years at current gift giving rates, if by chance oil disappeared tomorrow - like if bankruptcy hit some of the small producers. That is why Texas sent Billy Brown this way, to see if some of that loot could be stolen away and it appears Rick Perry's plan is working! And some of that “Rainy Day” loot Alaska has placed aside comes from real estate investments, like ownership of high-rise luxury condominiums and 5^th Avenue office space, casinos and movie theaters! Yes the State owns real estate from California to Spain, Portugal to Hawaii, worth $6-Billion. So take into consideration state government uses about $1-Billion each year, a.k.a. handouts for re-election votes by the Juneau brats. With prices at $37 and a break-even at $32, we have still room to maneuver and talk of a tax is foolish. Too bad the Bush Rat isn't with us still, as there would be a take-over just like how the “Militia” is taking over BLM rights. So if Bill Walker does indeed try to slap the citizens' wrist with fines – taxes – then it is time to try him like we tried Bill Sheffield, for indecent exploitation and that warrants no objection an impeachment trial. If Walker cannot take control of the Juneau mobsters and reign in on outlandish spending habits wherein fiscal responsibility is merely a suggestion like an Anchorage traffic signal, then the state is doomed and all will suffer the consequence, except the likes of the Billy Brown family as selling felonious seems to be where all our money is going towards, outsiders. An yes, Trans-Canada robbed this state blind, as did the KOCH brothers and all those “Independent” oil companies that were given an unreasonable “expatriate corporate tax break”, at the citizens expense and something we can thank Sarah for! If we just tried for once to orchestrate fiscal responsibility, low and behold all would be calm on the horizon instead of this doom & gloom - but it doesn't work as there are careers that have been postulated on this spend mentality, and after 40-years the habit is hard to break. What's ironic, Walker's math for a smaller well-fare check and sales tax and other mechanisms to rob the citizens allows for, well more spending? It is just not some fiscal gap approach as spending more is what warrants favoritism an incumbent. Just in on FOX: Alaska gives asylum to Tonya Couch, as a new reality series called “Bush Affluenza” is coming to an Alaskan porta party near you – Reality Cesspool, still making money and maybe instead of “Tax Film” credits for this TV trash, maybe we should cash in on indecent exposure!