“I think the rumor is that Alaksa takes 75% of the value of a barrel of oil. Don't take my word on it. I am not sure.”
Wrong. Alaska get 75% of the “Royalties” on the oil and the US gov get the other 25%.
Its no more than oil companies pay for drilling on private land.
Thanks for the correction. Are you saying that Alaska out maneuvered the US government in getting a bigger share of the royalties?