So much is wrong in this article.  
1) The governor's bill saves $1B - then go with it.  
2) The oil trade industry doesn't see anything in the bill "that’s going to increase production."  So what?  Alaska gets so little income from it when prices are this low, why should we pay the oil companies to pump more?
3) “We are partners with them in this.”  Hardly.  We're the oil companies poor relations.  Like Vito Corleone's son-in-law, Carlo.  We're Given a small part of the business, but not too much. 

There's more, but I can't go on.