The state, PFD and the Alaska's general fund would not have any money if it was not for the discovery of oil fields like Prudhoe bay and 17 other smaller discoveries! Alaska's Cook Inlet production is down from 270,000 barrels per day to 17,000 and the North Slope is down to 490,000 barrels per day from 2 million barrels per day and the Trans Alaska Pipeline may be shut down due to this massive decline and that will hurt the state and most all the great people of Alaska! 

The harsh laws of Alaska that support the major's monopoly, keep investors out but the current incentives and credits helps drillers keep finding multi-Billion barrel oil discoveries like Armstrong has and Caelus has, why kill the those that are saving the state?? 
Furi and Blue Crest have Trillions of cubic Feet and lots of new oil about to come online, so why stop the progress when oil prices have dropped so low all progress can be stopped if HB 247 is allowed, vote it down or Alaska will suffer for decades to come