Its that time of year: Alaskans share oil wealth, get $1,107 each - GoFuckYourself.com

MissEve · 09-25-2003, 11:43 PM

http://www.cnn.com/2003/US/West/09/2....ap/index.html

JUNEAU, Alaska (AP) -- Nearly every Alaska resident will receive a $1,107 check this year as their share of the state's oil riches-- a $433 drop from last year's payout.

The dividend checks are distributed every year from an oil royalty account called the Alaska Permanent Fund, created in 1976 after oil was discovered on the North Slope. Anyone who has lived in the state for over a year gets the dividend; almost 599,000 people are expected to receive it this year.

Earlier this year it was doubtful whether residents would receive any dividend at all, because stock market losses had eaten away at the $25 billion investment fund's core.

Tough times on Wall Street led to the dividend's decline this year. The amount was a 28 percent drop from last year's payout of $1,540, and a 44 percent decrease from the all-time high of $1,964 in 2000.

A total of $663.2 million will be disbursed this year, state officials said. The amount changes based on a five-year average of permanent fund investment income derived from bonds, stock dividends and sales and other investments.

Mr Pheer · 09-25-2003, 11:47 PM

hey thats about a year's worth of rent on an igloo

BRISK · 09-25-2003, 11:48 PM

I've never heard of that before, do kids get it too?

MissEve · 09-25-2003, 11:53 PM

Yes, kids get them, I think you might have to be a year old or something.

Its crazy, people with big families go nuts here buying stuff. Alaska Airlines, car dealerships, retail stores etc have crazy sales.

Imagine a family of 5 with an average income, an extra 5 or 6K at once is huge.

BRISK · 09-26-2003, 12:05 AM

Quote:

Originally posted by MissEve
Yes, kids get them, I think you might have to be a year old or something.

Its crazy, people with big families go nuts here buying stuff. Alaska Airlines, car dealerships, retail stores etc have crazy sales.

Imagine a family of 5 with an average income, an extra 5 or 6K at once is huge.

I bet the bars suddenly get a shitload of business too.

lightswitch · 09-26-2003, 12:12 AM

Quote:

Originally posted by BRISK
I've never heard of that before, do kids get it too?

Kids get moreif they are born in teh state & never loose residency, sucks its only paying out 3/4's this year.
The $$$$ really jsut helps Alaskans offset teh high cost of living there.

lightswitch · 09-26-2003, 12:13 AM

Quote:

Originally posted by BRISK

I bet the bars suddenly get a shitload of business too.

The Walmart in Fairbanks has a compleate isle with nothing but cough suyrup, the fucken Eskamos suck that shit down.

MissEve · 09-26-2003, 12:18 AM

Dont all Walmarts have a cough syrup aisle? lol

Eskimos just drink cheap shitty booze!

MissEve · 09-26-2003, 12:25 AM

Quote:

Originally posted by lightswitch
Kids get moreif they are born in teh state & never loose residency, .

I have never heard that, I think you are mistaken

On-top · 09-26-2003, 01:00 AM

That's interesting.

eroswebmaster · 09-26-2003, 01:15 AM

My great aunt lives in Alaska and the entire family gets a check EACH it's like fucking christmas.

But they are very strict...like you can't leave the state for more than 30 days etc..if you do you lose out on that check and have to requalify.

It used to piss my grandfather off something fierce because they got that check.

Most of my family is all in the oil industry...from CEOs, engineers, to just pipe jockies...all up in the panhandle of Texas.

But as I said it always pissed my grandfather off after being with Texaco for 30 years, and all the oil that comes out of Texas and Texan's never saw a dime ;)

Jinx_Co · 09-26-2003, 01:43 AM

Quote:

Originally posted by MissEve
Yes, kids get them, I think you might have to be a year old or something.

Its crazy, people with big families go nuts here buying stuff. Alaska Airlines, car dealerships, retail stores etc have crazy sales.

Imagine a family of 5 with an average income, an extra 5 or 6K at once is huge.

Hell yah, that would be pretty pimp if you ask me. It's still to cold though, so you couldn't get me to stay thier for a year.

ad-lib · 09-26-2003, 02:34 AM

Quote:

The Walmart in Fairbanks has a compleate isle with nothing but cough suyrup, the fucken Eskamos suck that shit down.

I am sure there is more than one reason why the cough syrup is going. A very nice, and cost effective legal high.

09-25-2003, 11:43 PM	#1
MissEve Confirmed User Join Date: Aug 2002 Location: Anchorage, AK Posts: 583	Its that time of year: Alaskans share oil wealth, get $1,107 each http://www.cnn.com/2003/US/West/09/2....ap/index.html JUNEAU, Alaska (AP) -- Nearly every Alaska resident will receive a $1,107 check this year as their share of the state's oil riches-- a $433 drop from last year's payout. The dividend checks are distributed every year from an oil royalty account called the Alaska Permanent Fund, created in 1976 after oil was discovered on the North Slope. Anyone who has lived in the state for over a year gets the dividend; almost 599,000 people are expected to receive it this year. Earlier this year it was doubtful whether residents would receive any dividend at all, because stock market losses had eaten away at the $25 billion investment fund's core. Tough times on Wall Street led to the dividend's decline this year. The amount was a 28 percent drop from last year's payout of $1,540, and a 44 percent decrease from the all-time high of $1,964 in 2000. A total of $663.2 million will be disbursed this year, state officials said. The amount changes based on a five-year average of permanent fund investment income derived from bonds, stock dividends and sales and other investments.

09-25-2003, 11:47 PM	#2
Mr Pheer Retired Industry Role: Join Date: Dec 2002 Posts: 21,311	hey thats about a year's worth of rent on an igloo __________________ 2 lifeguards for Jessica

09-25-2003, 11:48 PM	#3
BRISK Too lazy to set a custom title Join Date: Feb 2003 Posts: 12,240	I've never heard of that before, do kids get it too? __________________ I post on GFY so that when people ask me what I do, I can tell them that I work with the mentally retarded.

09-26-2003, 01:00 AM	#10
On-top Confirmed User Join Date: Aug 2001 Location: IN Posts: 2,283	That's interesting. __________________ Dynamic Hosting

09-26-2003, 01:15 AM	#11
eroswebmaster March 1st, 2003 Join Date: Jul 2001 Location: Seat 4 @ Venetian Poker Room Posts: 20,295	My great aunt lives in Alaska and the entire family gets a check EACH it's like fucking christmas. But they are very strict...like you can't leave the state for more than 30 days etc..if you do you lose out on that check and have to requalify. It used to piss my grandfather off something fierce because they got that check. Most of my family is all in the oil industry...from CEOs, engineers, to just pipe jockies...all up in the panhandle of Texas. But as I said it always pissed my grandfather off after being with Texaco for 30 years, and all the oil that comes out of Texas and Texan's never saw a dime ;) __________________ For rent - ICQ 127-027-910 Click here for more details Last edited by eroswebmaster; 09-26-2003 at 01:17 AM..

09-25-2003, 11:53 PM	#4
MissEve Confirmed User Join Date: Aug 2002 Location: Anchorage, AK Posts: 583	Yes, kids get them, I think you might have to be a year old or something. Its crazy, people with big families go nuts here buying stuff. Alaska Airlines, car dealerships, retail stores etc have crazy sales. Imagine a family of 5 with an average income, an extra 5 or 6K at once is huge.

09-26-2003, 12:18 AM	#8
MissEve Confirmed User Join Date: Aug 2002 Location: Anchorage, AK Posts: 583	Dont all Walmarts have a cough syrup aisle? lol Eskimos just drink cheap shitty booze!