if we multiply the population of alaska for that sum, we get 731,449 * $120 = $87,773,880/mo
then we get Alaska oil production of 2mi barrel per day (it is much lower now than a decade ago). Assuming a very conservative $100/barrel = 200,000,000/day = 2,400,000,000/mo
That's 3% if you tax on top of gross profit (no idea how oil is taxed. it is probably much less than my income tax if i know how the world works...)
And I am not counting fish, gas, lumber, minerals, etc.
That sound like the citizens are doing a much worse job than the gov in setting the rent for the oil companies.
then we get Alaska oil production of 2mi barrel per day (it is much lower now than a decade ago). Assuming a very conservative $100/barrel = 200,000,000/day = 2,400,000,000/mo
That's 3% if you tax on top of gross profit (no idea how oil is taxed. it is probably much less than my income tax if i know how the world works...)
And I am not counting fish, gas, lumber, minerals, etc.
That sound like the citizens are doing a much worse job than the gov in setting the rent for the oil companies.