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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: Brumar89 who wrote (32884)	10/31/2012 9:19:28 PM
From: koan	Read Replies (2) \| Respond to of 85487

<<Check wikipedia. North Dakota, Alabama, Wyoming, Texas, New Mexico and Alaska all have sovereign wealth funds financed by mineral and energy income from state lands. Alaska's wasn't the first one (TX, Wyoming, and NM's are older than Alaska's). It is the largest but that's only because AK has an unusually large amount of state owned land. But greens are working to force the ultimate shutdown of the TransAlaska pipeline and Alaska's investments in its fund will dwindle after that. >> So how much is in each fund? I have never heard a single figure. We have about 50 billion. We have a lot of land because we took far north wastlands that happened to have oil.