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Palin objects as oil price increase bails out the state

U.S. oil prices topped $70 a barrel Tuesday, just months after it had plunged below $30 a barrel and sent the state into deficit.

http://www.juneauempire.com/stories/061009/loc_449426473.shtml
Democrats introduce plan to plug Alaska's fiscal gap

...oil prices of more than $20 per barrel. The bill uses a formula that would increase the tax proportionately with oil price increase, with a cap of 25 percent. The measure also would reduce the severance tax if oil prices dipped below $16 per...

http://www.juneauempire.com/stories/020604/sta_dems.shtml
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