Use the constitutional Budget Reserve fund with $10 Billion in it!  The glut will go away and all will be better next year. Don't cut anything, use this raining day for, it was put here for these reasons, to fight manipulation by the Middle East Prince Salman!!

Don't panic, Alaska will be fine, just keep drilling and these Alaskans oil worker will find another Prudhoe Bay or others sizes, but don't take away these incentives now with low oil prices!!

I have two great oil and gas prospects to drill, I have to have these incentives now!

https://www.youtube.com/watch?v=TTqR47Z8Gqg

The key is exploration and to find another Prudhoe Bay so Alaska can have another 19 Billion Barrels with a free carry of 12.5% Royalty!

It looks like these incentive clearly work well, See discoveries at, Sword,  Kenai Loop,  Kitchen Lights and Cosmopolitan in the Cook Inlet! 

The big ones are on the North Slope at Pikkia by Repsol and Armstong next to NPRA and Alpine and Smith Bay by Caelus and others!