Chortle! Can you read a graph? Yes I can. Obviously, you cannot.
Oil prices started collapsing long before June, and it was a very sharp, steep drop.
Nope. Before shooting your mouth off, you ought to look at the raw data that underlies the graph; it's kind of hard to eyeball it when the labels on x axis aren't very clear.
If you go look at the raw data, it just so happens that oil prices peeked in July of 2008. They did not start their sharp decline until October, long after Alaska's 2008 fiscal year ended.
Here's a source that has the raw data, in case you don't beleive me:
http://inflationdata.com/inflation/inflation_Rate/Historical_Oil_Prices_Table.asp
Plus no other oil producing state in the country doubled revenues in 2008.
LOL. You're not very good with numbers, are you?
If you were, you would realize that's because no other state produces anywhere near the volume of oil that Alaska produces. We're talking orders of magnitude here.
“LOL. You're not very good with numbers, are you?If you were, you would realize that's because no other state produces anywhere near the volume of oil that Alaska produces. We're talking orders of magnitude here.”
Yeah?
Will you excuse me while I laugh?
Read this:
U.S. Crude Oil Production 2007 by Major Producing States and Federal Gulf of Mexico (Million Barrels per Day)
http://www.eia.doe.gov/neic/infosheets/crudeproduction.html
It just so happens that Texas produces more oil than Alaska
Not only that, California is not that far behind Alaska either.
Ooops! There goes your "no other state produces anywhere near the volume of oil that Alaska produces. We're talking orders of magnitude here.”, right out the door. :)
You don't have a clue what you are talking about do you?
Alaska doubled state revenues in 2008, because Sarah Palin introduced a new system of splitting the oil profits, in a program called “ACES.”.