text: Mr. Cole fails to bring the subject of oil taxes and tax credits into the equation. No discussion of oil prices and revenue income is accurate or complete without bringing in the fact that Alaska is paying millions in tax credits. SB21 did Alaska in.  When Mr. Cole points to revenues, he should in fairness, point out that Alaska is making essentially nothing on it's oil. The main source of oil income for the state is royalty oil which is the one eight share from the legacy fields and the state sells to Tesoro. We are being robbed and that is where the focus should be. Many of the oil fields yield no income for Alaska when the producers claim production costs and take cash tax credits from the state. Coincidently the $1000 every Alaskan lost from their PFD equals about what the oilies got in tax credits.