Good essay Mr. Seybert except for your belief that at high oil prices the radical switch to SB21 "seemed worth it". The money in our savings account is only there because of the progressively clause of ACES that allowed the state to sock away $17 Billion when oil prices were high. Now we lose at both high and low oil prices and will never be able to put money away even if oil rises to $100/bbl again. When the price of oil under ACES went up the state got a larger share of  the value of OUR oil. Under SB21 we receive the same tax rate as at low oil prices only now all fields developed since 2002 will be deemed "new oil" and taxed at the extremely low rate we see now at low oil prices. SB21 never "seemed worth it" unless you were totally in thrall to the millions of dollars in oil industry propaganda deluging our air waves.