Mr. Heritage didn't make any promises that he couldn't keep and we appreciated his honesty. We were unsure... more
Alaska's economy heavily relies on the petroleum industry. The oil and gas sectors account for 1/3 of state employment and 90% of state income. Since Alaska's petroleum reserves are a finite resource, in 1976 the Alaska Permanent Fund was established to support future Alaskans. This state-owned corporation collects a portion of state oil revenue, which it uses to provide annual dividends to every eligible Alaskan.