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Resource development expected topic during Obama trip

...pursuing.Alaska relies heavily on oil revenues to pay for state government, but it is facing large budget deficits amid low oil prices. Walker earlier this year joined Alaska's congressional delegation in blasting an Obama administration proposal...
Lawmakers call for more budget cuts, not new taxes

...Randy Hoffbeck countered that cuts alone will not close the massive dollar deficit in which the state is operating amid low oil prices."If we get bogged down in cuts, we will not get to a final answer," Hoffbeck said. "We cannot cut enough government...
Governor plans to call for company buyout in natural gasline project

...option fiscally." Alaska relies heavily on oil revenues to pay for state government and is facing large deficits amid low oil prices. It is using savings to help balance its budget.No decision has been made yet on whether to build the project...
State | AK legislature
Iraq's economy hurt by IS war, low oil prices the Sunni militants of the Islamic State group. Low oil prices exacerbated the decline, wreaking havoc on Iraq's...forecast a double-digit fiscal deficit for 2015 due to lower oil prices, higher military spending and war costs."Iraq scores...
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Agency warns Alaska that bond rating could be lowered a sustainable budget, with strong reserves intact.Alaska is dealing with multibillion-dollar deficits amid low oil prices and using savings to help balance the budget. Gov. Bill Walker's administration has been holding public meetings...
My Turn: Open discussion needed on oil taxation

...major oil companies, who profit handsomely even at low oil prices, out of plans to address our fiscal gap. That's...normal $2 billion plus in annual Alaska profits at low oil prices - but they're doing fine. ConocoPhillips is the only...
Alaska Gov. Bill Walker announces intent to expand Medicaid would be "foolish" to pass up federal money that could help the economy of a state facing budget deficits amid low oil prices.Senate Finance Committee co-chair Pete Kelly said regardless of the federal money, the state can't afford the...
Shell to cut jobs to cope with long period of cheap oil

...announced deep cuts to jobs and investment on Thursday as the global energy giant prepares for a prolonged period of low oil prices.Shell expects to eliminate 6,500 staff and contractor positions this year as it seeks to reduce operating costs...
My Turn: Why I vetoed $200 million in oil tax credits

...these reductions, we still have to draw $2.7 billion from savings to make up for state revenue losses caused by low oil prices.Writing a budget to meet our changing circumstances required a team effort. The budget I introduced to the Legislature...
Gov. Walker pitches TransCanada buyout

...financing a larger state share of the project in view of Alaska's diminished finances, which are currently stressed by low oil prices and a sharp drop in state revenues.The Heads of Agreement signed by the project participants with former Gov. Sean...


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