Article

2012-01-16 -Signs, Portents, and the Weather-

Russian oil tanker arrives to rescue Nome

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Posted by Anguper Hupomosing9418 2012-01-16 07:14|| || Front Page|| [2 views ] Top

#1 At the bottom -

Opinion appeared to be divided in Nome, where some welcomed the arrival of the tanker and others thought it was a manufactured and unnecessary crisis.

Cari Miller was among the residents unconvinced a real crisis was at hand. The 43-year-old mother, who has lived in Nome for eight years, said she believed that another fuel provider in town had plenty of fuel for the community.

We do not have a fuel crisis, she said. It wasnt necessary.

So, was an inventory made? Were plans in place for rationing? I'm sure the same MSM that dumpster dived on Sara Palin would check, right? /sarc off

If it bleeds it leads. Quick Johnson, get me a crisis we have columns to fill.

Posted by Procopius2k 2012-01-16 09:56|| 2012-01-16 09:56|| Front Page Top

#2 The belief that the Alaska Permanent Fund Dividend comes from oil revenue or taxes is a misconception.

In 1976 the State of Alaska invested $734,000 in the stock market on behalf of the people of Alaska. Excellent management of the fund, by an independant agency, mostly outside government control, has enabled the to fund grow to more than 39 billion dollars today.

Although the origianal $734,000 came from oil revenue the Alaska Permanent Fund profits today do not come from oil production.

The fund profits are generated almost entirely by investments in the stock market and other income producing entities.

Currently the fund itself earns about 2 billion dollars per year. Each year about 5% of the profit is divided equally between all legal residents of Alaska, regardless of age.

This annual infusion of money from sources outside the state, just before Christmas, gives a tremendous boost to the Alaska economy.

The predicament in Nome can be blamed almost entirely on the Environmental Protection Agencey's refusal to permit more than 6 months of fuel storage in such an environmentally sensitive area.

This forces the fuel distributors to barge in their fuel in late November in order for the suppply to last until the ice goes out in the spring.

Severe storms during the month of November prevented normal fuel transportation. Hence the predicament.

Fuel can be flown in during the Winter months but that is very hazardous and raises the price beyond what most of the indigenous population can afford.

Posted by junkiron 2012-01-16 22:07|| 2012-01-16 22:07|| Front Page Top

#3 $734,000 to $39,000,000,000? Who's advising? Hillary Clinton? Please....

Posted by Frank G 2012-01-16 23:01|| 2012-01-16 23:01|| Front Page Top

#4 I second Frank G., I want to move my anemic IRA to the bunch handling Alaska's money.

Posted by Cromert 2012-01-16 23:34|| 2012-01-16 23:34|| Front Page Top

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