Wall Street Journal | Oil's Plunge Puts Alaska Budget in Deep Hole Wall Street Journal For its entire history as a state, Alaska has made money, sometimes billions of dollars a year, by taxing the oil pumped from its wells. That 56-year winning streak is over. Alaskan leaders want to scale back subsidies designed to spur production by ... Alaska Weighs Curtailing Oil Tax Perk Hard-Hit Alaska To Cut Subsidies To Oil Cost And Oil Dividend |