You are conveniently ignoring a few easily supported facts to blindly support your political ideology. 

Alaska is larger than all but 18 sovereign countries. Many of our communities are not on the road system. Getting teachers willing to teach in rural communities is difficult, and they seem not well received by the community in many cases. Supply and demand dictates cost.

Our goal isn't to maximize barrels of oil pumped. It is to maximize benefits to the citizens of this state (see constitution). Right now, we are making far less per barrel than any other developed oil-rich region. The people who proposed this legislation ("conservatives" I might add), are also oil company employees. 

Personal and governement debt, as well as the size of government has increased under "R" leadership, and decreased under "D" leadership since Eisenhower left office. I used national data as it is easier to find, although dollars to doughnuts, state data shows the same trend. 

So, about that spin...