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To: thackney
Sorry, no private ownership of oil/gas mineral rights on private land.

That's not really an arguable issue is it considering the qualified citizens of Alaska get an annual check from either the oil companies or the state?

19 posted on 03/22/2013 1:33:35 PM PDT by Hot Tabasco
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To: Hot Tabasco

If you have been there a full year, you get a check from the Permanent Fund. The fund was started with half the states oil royalties going into the fund. Half the interest from the earrings of the fund are divided by the citizens.

Each year half the states Royalties (but not the other taxes) are added to the fund. When I got it from 2004-2008, the oil payments were about 1/5 the total payment. Most of the money comes from the investments, stocks and the like the fund is in.

By only paying out half the interest, the fund continues to grow.


20 posted on 03/22/2013 4:08:46 PM PDT by thackney (life is fragile, handle with prayer)
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