Drill baby drill - get jobs on the Slope and oil into TAPS! As the State's and ASRC's total royalty is 16.7%, that makes a difference in the budget, especially if the production tops .5mm bpd. 
What people from the lower 48 and elsewhere don't understand is when the North Slope infrastructure is in place (namely pipelines), NS oil is not terribly expensive, because each well produces so much oil, unlike Texas and North Dakota, whose fields require thousands of wells.