All good points. You're completely right from a pure, consistent, free-market perspective. But in the case of Alaska, I believe it's the state constitution which declares that the natural resources belong to "the people." Should Palin have disregarded the constitution of her own state?
Well, no I haven’t addressed Palin in any of this.
If, as I have read here, Palin didn’t institute this policy, it was already a part of the Alaska Constitution, then her involment in the discussion seems to be of no particular importance.