This could be off, but the way I understand it is.
If oil is say $120 a barrel that means there isn’t a large supply, someone is not producing and the tax rate is high (under ACES). Before ACES that was an incentive to not produce, keep the price of a barrel high keeping profits high.
Now under ACES there is an incentive to produce more, drill in leases that they have been holding and sitting on. The more they drill and produce the more the price of a barrel drops. As the price of a barrel drops the tax rate drops. Everyone makes more money when the taxes drop, that is the whole point in the deal.
The smartness in this is that oil companies make more money the lower the price of oil is instead of the higher it is. The higher the price (of oil) is the more we (the public) get screwed at the pumps.
Meant to also ping you to #75.
If that is what she is trying to do, that would be a progressive tax,
The way it is advertised is it is just to make sure that the state gets an equitable share of the profits and not to try to modify the price of oil .... which seems impossible since Alaska is too small to have more than a 1-2% affect on world oil prices.
Seems that the scheme may Incentivize higher prices...not lower....and there really isn’t anyway Alaska is going to lower prices by itself.