April 24, 2017 at 3:34pm  Alaska Senate Majority  Senate Resources Eliminates Oil & Gas Cash Credits Statewide  JUNEAU – Faced with multi-year budget shortfalls and the concern of significant financial exposure, the Senate Resources Committee moved…  “Our committee’s work product helps right the fiscal ship of the state, and affirms the Senate Majority’s key principles of protecting the private sector and supporting increased investment in our oil fields, which will drive the production we require to deliver royalties and taxes to our treasury, and oil through our pipeline." -Senator Cathy Giessel