[PSYCHO-FREEP]

Obviously, you didn't read it completely. There already was a very strong revenue sharing program in place that funded Alaska since 1976. (The Permanent Fund) This program was already paying over 75% of Alaska's operating costs, paying a dividend to every resident of over $1,000 per person every year. It also eliminated the need for a personal income tax.

Palin’s additional tax, basically a Windfall tax, caused the Oil companies to stop producing and drilling new exploratory wells because they would have difficulty making a profit from increases in the price. The result was a production loss of about 40% which also decreased Alaska's overall gains in revenues. The article explains this thoroughly.

[Josh Painter]

"Palin’s additional tax, basically a Windfall tax, caused the Oil companies to stop producing and drilling new exploratory wells because they would have difficulty making a profit from increases in the price. The result was a production loss of about 40% which also decreased Alaska's overall gains in revenues."

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Not true. Federal restrictions have led to the decrease in production and exploration in Alaska, not state taxes:

U.S. Government Shuts Out Increased Alaskan Oil Production Oil

Lowering taxes didn't increase oil output