Why Would ANY Alaskan Vote for Biden After His Debate Answer on Oil?
October 23, 2020
The oil and gas industry and Alaska have long had a mutually-beneficial relationship. The industry has provided approximately 90% of all business revenue to the State most years, and still – even after the restructuring of how Permanent Fund allocations are made to cover state costs – account for nearly 66% of all non-Fund sources. Since 2014, the industry has paid $19.1 billion in taxes and royalties to the State. Approximately one-quarter of all private-sector employment is directly or indirectly tied to and supported by the industry. Including all direct, indirect, and induced employment and wages, oil and gas industry…