[momincombatboots]

It’s very simple. The proceeds from the pipeline are divided and paid annually to Alaskan citizens. I am not sure how this is calculated, but I could find out for ya. I am sure the state has a piece carved out as well. Back in the early 90s that was three thousand dollars. Alaskans Heart the pipeline! It is the perfect model, let the folks who work on it and give up property for it benefit. Not a politician in the country could justify voting against the people. It’s not free money either, it’s simply smart. No one has the canards to do it.. too much soy in our diets.

[thackney]

The proceeds from the pipeline are divided and paid annually to Alaskan citizens.

No, you are confusing the pipeline with the mineral rights.

The mineral rights are owned by the governments, either State, Federal or Native Village Corporation.

The State owned mineral rights are split with state government expenditures and the remaining portion is deposited into a state owned fund called the Permanent Fund. The dividend from this fund is averaged over 5 years and half is split with the residents. Most of the income, ~80%, is from the investment of the fund into stocks, bonds, etc. About 20% is from the oil royalty today.

The pipeline is a joint venture by the oil companies. No revenue from the pipeline goes to the residents.

[thackney]

Back in the early 90s that was three thousand dollars.

No, it wasn't.

More info at:
Alaska Permanent Fund Corp
http://www.apfc.org/home/Content/aboutFund/aboutPermFund.cfm

I lived in Alaska. I collected from the Fund. I worked on pipeline and North Slope Oil Field facilities.