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In Alaska, oil revenue sharing by Alaskan state authorities is welcomed as a local economy booster.

In Venezuela, oil revenue sharing by Venezuelan state authorities is deemed 'socialism' by the predatory US Dept of State.

Before unlawful, crippling US sanctions were placed on Venezuela in order to bring about regime change, Venezuela oil revenue was shared amongst the Venezuelan people.

Gasoline was free.

Free.

Not one penny per liter.

How many millions of dollars are siphoned off the US economy every hour on the hour by big oil parasites?

Yet, the very same Americans who are being financially raped this minute by international big oil interests, have the audacity to claim Venezuela is a 'socialist dictatorship', while corrupt American bankers steal Venezuelan oil revenue, and intentionally attempt to starve real people to death.

American exist in a twilight zone of misinformation.

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: Oil Revenue Sharing - Good Enough for Alaska, But Not for
: Venezuela?

: -------------------

: September 16, 2015 / 10:18 PM / 4 years ago
: Alaska residents to receive record payment from oil royalty
: fund
: Rory Carroll

: Sept 16 (Reuters) - Alaska will give each resident more than
: $2,000 next month as the annual payout from an oil wealth
: trust fund, a state revenue official said on Wednesday, a
: record amount despite the collapse in oil prices last year.

: About 645,000 residents will receive the payout from The
: Alaska Permanent Fund, said Jerry Burnett, deputy
: commissioner for the Alaska Department of Revenue.

: Alaska residents must have lived in the state an entire
: calendar year before becoming eligible to receive the
: money.

: The payout will surpass the $1,884 doled out by the fund last
: year and exceed the record $2,069 paid in 2008, Burnett
: said. Payments began in 1982 with a $1,000 check to
: residents.

: Alaska’s Permanent Fund was established by a constitutional
: amendment passed by voters in 1976 requiring a portion of
: state oil revenues to be put into a savings account to be
: available for the distant future, when North Slope oil
: fields are tapped out.

: The payment to citizens is derived from a formula averaging
: the Permanent Fund earnings over a five-year period.

: Global crude oil prices collapsed in late 2014 as global
: production exceeded demand, but the price of crude has less
: of an impact on the annual payments than how well the fund
: manages its $51 billion portfolio.

: The fund benefited in 2014 from a surging stock market as well
: as real estate and private equity investments, Burnett
: said.

: Continued low crude oil prices this year have helped to keep
: the unemployment rate in the state at 6.7 percent as of
: July, higher than the national rate as oil companies
: curtail production operations.

: The annual payout from the fund is credited with keeping many
: low-income Alaskan families out of poverty.

: The exact amount of the payment will be made public later this
: month. Checks will be put in the mail and direct deposits
: will be sent to bank accounts beginning on Oct. 1.
: (Reporting by Rory Carroll in San Francisco; Editing by Ken
: Wills)

:
: https://www.reuters.com/article/alaska-payment-fund-idUSL1N11N03U20150917

: -------------------

: 3/31/19~THE ONE MAJOR UNIQUE ASPECT OF VENEZUELAN LIFE
: DIFFERENT FROM OUR COUNTRY NO ONE REALIZES(!)

:

: https://youtu.be/Y14tsJ6mG0Y

: https://www.youtube.com/watch?v=Y14tsJ6mG0Y&t=608s

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