SALINA, Kan. - This is not about Sarah Palin. Instead, let's talk petro-states. Like Oman. And its sister state, Alaska. In 2007, Alaska produced approximately 719,000 barrels of oil per day. That puts it in the same ballpark as Egypt (710,000), Oman (718,000) and Malaysia (755,000). Its economy parallels Oman's. Its oil revenues account for about 75 percent of export earnings.
Oil rents provide 42 percent of Alaska's annual revenue, more than any other source. Without federal subsidies (the highest per capita in the nation), Alaska's oil rents would account for 53 percent of income.
