HB 111 only took $75 to $300 million away from the hunt for the next Prudhoe Bay yet these Legislators killed almost all hope of new oil & gas discoveries like Prudhoe Bay and Kuparuk, these discoveries are what gave Alaska it's $60 billion Permanent Fund and the Billions in the Constitutional Budget Reserve and paid for most all Government cost without any risk or cost to the people! 

Most Legislators have no vision, they fund the DNR DOG that has 51 fights and appeals with smaller oil explorers

How did the passage Saturday of a bill ending cash subsidies to the oil industry creates legitimate hope for a solution to Alaska's fiscal crisis, when the change itself doesn't fill much of the gap between the state's income and spending — perhaps $75 million to $100 million of the $2.5 billion deficit, according the Revenue Commissioner Randy Hoffbeck?

MacKinnon, the Republican Finance Committee co-chair, said "We couldn't even cut $300 million this year, so how do you get to $2 billion?