If you thought Alaska's oil industry was getting so many welfare checks you would have to be a fool not drill and explore on state oil leases! 

If it was as good  as your delusional mind believes then you would be drilling and making the kind of returns the bankrupt oil companies are, like Buccaneer, Miller Energy Resources, Stewart Petroleum, Forcenergy Inc, Samasco, and on and on and on!! 

Fact is you can't find any Alaskans or smaller oil companies that explored and drilled and sold oil for a profit, except the majors! The majors are not drilling any exploration wells today on state leases, are they?

Alaska will fall if HB 247 and SB 130 make law and I feel investors will run from Alaska's oil business and not come back!