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Debate over Arctic drilling - what's at stake

...drilling. Alaska receives upward of 90 percent of its revenue from the oil industry, and a drop in capacity or a dip in crude oil prices can mean multi-billion dollar state government deficits. Alaska is experiencing both.Though Shell is drilling...
ConocoPhillips: Oil prices won't impact investments

...but the cutbacks won't be coming from its Alaska projects.The much leaner budget is due to globally dropping crude oil prices, the company announced last week, a trend that began over the summer and has continued to the chagrin of oil companies...
Senate minority leader says education funding boost unlikely

...modest increases for the next few years.But in this year's drastically different financial environment, with crude oil prices coming close to $50 per barrel, they'll be singing a different tune."I myself will call it a win if education...
Local | AK legislature
Juneau shines and glitters at inaugural ball

...about keeping the Alaska Legislature in Juneau. He also spoke briefly on the challenge of low and dropping Alaska crude oil prices, on which the bulk of the state budget is based."Byron and I asked for a recount after oil started dropping...
Gov. doesn't support capitol move

...Stoltze has not yet run the numbers, but is well aware of the state's current financial situation. Due to dropping crude oil prices, the state is facing an estimated $3.5 billion budget deficit in fiscal year 2016."(Stoltze is) one of the...
Local | AK legislature
For Walker, Parnell's budget a placeholder

...the state budget, and criticized Parnell for "deficit" spending in light of shrinking revenues.As North Slope crude oil prices continue to fall, the state's cashflow - and next year's budget - is taking a hit. On Friday, a barrel of Alaska...
Local | AK legislature
Shorting schools now will require catchup later

...percent down the road.Walker announced last week his vision for the state's struggling finances. Due to dropping crude oil prices and the stunted revenues that follow, Alaska is facing an estimated $3.5 billion budget deficit in the next fiscal...
State | AK legislature
State looks to expand Medicaid in July

...cuts of 5 and 8 percent in their own budgets to help solve the state's financial problems, brought on by dropping crude oil prices that are hovering around $48 per barrel."It's not going to come up any time soon," she said. "There's...
State | Local | AK legislature
My Turn: Where will Alaska and the US be in 30 years? is that the U.S. is producing an unprecedented amount of oil now with geopolitical fallout. Apart from crude oil prices, alternative fuels, higher efficiency vehicles, natural gas, shale oil deposits, biofuels, and stagnation of...
Recent troubles expected to curb BP earnings

...refinery blast - there seems to be no end to BP's troubles in the United States. Those woes, combined with a drop in crude oil prices, Sound off on the important issues at are expected to be reflected in the London-based oil company's quarterly...


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