DECEMBER 1995

 

DECEMBER 1995 FULL ISSUE

ALASKA: THE BIGGEST STATE MONEY CAN BUY

By BOB TKACZ

This statement on behalf of British Petroleum,
the largest oil producer in Alaska, is easy to
swallow if two points about the 49th State
are made clear.

The first is that Alaska is simply the
world's largest company town - with a
peculiar twist: Not everyone works for
Big Oil, but everybody gets paid. Big Oil
provides 85 percent of the state's $2.4
billion annual operating budget and
nobody - no private sector think tank,
no government committee - has been
able to come up with any remotely real­
istic plan to replace petro-dollars with
any combination of taxes. 

 

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Paul Koberstein