The Permanent Fund is now self-sustaining, needing no monies from oil.
The oil companies aren't going to go away, even if we place a higher tax or take away the subsidies, they are still making a huge profit.
When the oil runs dry we hope that our leaders will have thought to diversify the returns as those who set up the Permanent Fund did.
Working together doesn't mean we are just going to pull our pants down and bend over for Lower 48 companies.