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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...
State | AK legislature
UA Regents to discuss anticipated cuts in funding

...problem even after absorbing a $26 million shortfall for the current fiscal year.State revenue is closely tied to the oil industry and the per-barrel price of Alaska North Slope crude oil has dropped from $80 in November to less than $50.
My Turn: Fix the budget, but not at the expense of long-term prosperity

...Project will also provide some much needed diversification to our state energy economy that is increasingly dependent on crude oil - which against the backdrop of rapidly declining prices should be an urgent priority.In 2015, we may have a new legislature...
Juneau shines and glitters at inaugural ball

...statement 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...
My Turn: Keystone XL Pipeline deserves the President's scrutiny

...Canadian oil company extract and sell tar sands diluted bitumen - a fuel source considerably dirtier than conventional crude oil, as extracting and refining it creates up to three times more greenhouse gas emissions than conventional crude. The...
State looks to expand Medicaid in July

...identify 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
Thumbs up, Thumbs down for Jan. 12, 2015

...and the snow we've received will not last.Thumbs down to oil prices. The price of a barrel of Alaska North Slope crude oil actually went up a little bit last week, to $51.44 per barrel on Friday. We shouldn't expect that trend to continue...
My Turn: Where will Alaska and the US be in 30 years? markets 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...
ConocoPhillips: Oil prices won't impact investments

...year's, 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...
Senate minority leader says education funding boost unlikely

...relatively 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


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