University could have avoided budget cuts

The University could have avoided all these cuts had it recognized years ago that we Alaskans, unlike any other state, have a collective responsibility to manage a cornucopia of valuable resources that were given to the people of Alaska to develop and sell on the world market as a means of supporting our schools and other governmental needs.

Not one course has been developed to educate Alaskans on how to determine fair market value for the resources industries around the world are taking from us.

If 10,000 Alaskans were able to calculate market value for Prudhoe Bay’s oil, we would be getting billions more for our oil, and the university would be funded. That said, today would be a good day to start such a course.

—Ray Metcalfe

Anchorage

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