[The Bronze Titan]

Excerpts...

-"In 2006, then Gov. Frank Murkowski, a Republican, proposed changing the state's tax on oil...

-"One year after it went into effect, the Petroleum Profits Tax brought in far less revenue than expected and the state suffered a revenue crunch."

-"Mr. Murkowski's plan turned into a disaster."

-"Meanwhile, as the shortfall appeared, a number of state legislators were on trial, under indictment, or under investigation for bribery by the FBI. "

-"As a new governor in 2007, Mrs. Palin stepped in to address the fiscal crisis and restore accountability. Working with Democrats and Republicans alike"

-"Relative to the old system, Mrs. Palin's plan -- called "Alaska's Clear and Equitable Share" (ACES) -- improves incentives for developing new resources."

-"Her plan includes an escalator clause that gives the state a larger share of revenues when oil prices rise. This is common to production-sharing agreements all over the world."

-"A direct share in oil profits for every citizen is the ultimate incentive for more drilling. That's why in Alaska drilling for oil seems almost universally popular, while other states are drill-phobic."

[Berlin_Freeper]

I hope fellow Palin supporters are bookmarking these types of threads because we are going to need them as rebuttal against attacks while she runs for President.

[Smokin' Joe]

-"A direct share in oil profits for every citizen is the ultimate incentive for more drilling. That's why in Alaska drilling for oil seems almost universally popular, while other states are drill-phobic."

Nope. Not North Dakota. We know the source of much of our current prosperity--and a budget in the black.