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Oil is critical to Alaska's economy

...margins for gas are slim compared to oil so supporting the infrastructure just for gas would be difficult without the oil. Last year the state took a giant step towards securing a long-term future for our state by passing oil tax reform. The new...
Chamber updated on 2010 Coast Guard operations

...Another major field for the Coast Guard is protecting the environment. The Guard safely moved 206 million barrels of oil last year and responded to 101 pollution incidents. A local example is the removal of more than 120,000 gallons of oil from...
Oil pipeline rate may be worth hundreds of millions of dollars

...officials estimate the owners of the trans-Alaska pipeline charged $448 million more than it actually cost to ship oil last year. The additional charges mean lower tax revenue for the state because that money is deducted before taxes are calculated...
Economists: Alaska risks recession

...year in office, wants future governors to phase in the remaining $800 million. Alaska's revenues are tied to oil. Last year, the state got more than 80 percent of its general fund revenue from the oil production and taxes on production companies...
UA cites heating cost as one reason for requested increase

...alone is expected to increase by $100,000 next year. The Fairbanks campus budgeted $1.45 per gallon for diesel oil last year. It ended up paying nearly $2 a gallon for the 1.6 million gallons of diesel oil it consumes annually. UAF now...
Venezeula suspends heating oil aid

...who called it a ploy by Chavez to undermine the Bush administration. Citgo donated $100 million worth of heating oil last year, according to Citizens Energy. At a news conference held at Citizens Energy's Boston headquarters, Kennedy said...
State money managers stay the course

...flows into Burns' fund regularly, almost all of which comes from the state's share of its North Slope royalty oil. Last year that amounted to $844 million, and $674 million is projected to come in this year. Burns said his goal is to use...


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