Kara Moriarty "If more tax-policy changes are made that hurt the industry, investment levels won't increase when oil prices rise, said Moriarty." Now that is not true! Big oil spokesperson has no problem lying. Said another way; "Big oil will shoot themselves in the foot and injure investors by refusing to produce oil when prices are high just to teach Alaska a lesson."  B.S.  How about we teach them a lesson. Right now. Remove all tax credits and incentives immediately.  Close the Haul road for a month. 

You never hear anyone saying the oil left in the ground is like money in the bank. When the price goes up they will produce it and the State will make the money it needs or they will loose their lease. Right now, the best investment the State can make for the long term is to leave the oil in the ground until the price rises. We have enough money in the bank to run State government and this is the best time with the best reasons to reduce State government expenses.