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Oil spreads across 9 miles of Pacific, fouls beaches

...affect gas prices, even though the pipeline was out of operation for now, said Tom Kloza, global head of energy at the Oil Price Information Service.In fact, Californians probably will see high prices drop a bit because the wholesale price of crude...
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Gas prices still look low for summer even after spring surge

...they have in at least six years."It's a cheap, cheap, cheap year," says Tom Kloza, chief oil analyst at the Oil Price Information Service.The Energy Department said Tuesday that it expects the price of gasoline to average $2.55 between...
Shell's $70 billion takeover could herald wave of mergers at Warwick Business School in Britain. "Quite a few oil companies are under cost pressure with no sense of the oil price recovering. Companies had got used to $100 a barrel, and many need $40 to $60 to break even so we could see more...
My Turn: Negotiating the rapids of Arctic, Alaska oil and natural gas reserves

...percent of the world's recoverable oil and natural gas deposits were most likely located in the Arctic.The recent oil price declines are primarily the result of a price war by Saudi Aramco. According to Yardeni Research, an independent investment...
My Turn: Alaskan can safely exit the Arctic oil rapids

...and above per barrel. The same study indicates that Arctic oil and gas production will increase significantly if the oil price crosses $130 per barrel taking into account estimated global demand and supply projection near 2030. In the worst case...
Walker: Alaska will weather fiscal storm

...We've been here before (in previous oil price plunges) and we'll work our way...citizens held in late November.On the oil price outlook, Walker said state petroleum...Department has projected an average oil price of $76 per barrel for the current...
Gas line, marijuana things to watch this week in legislature

...exacerbated the deficit. It is anyone's guess how low prices will go or how long they'll stay low. The North Slope oil price in recent days was about $47 a barrel. It was around $107 when lawmakers ended their last session in late April.The...
State | AK legislature
My Turn: Urgent need for a sustainable budget

...the current approach, on future oil price and production levels. They point...a result of changes in projected oil price and production levels. Instead...tend to run counter-cyclical to oil price levels, a sustainable budget produces...
Politicos have tough hands to play in 2015

...Alaska's finances.Still, the sky isn't falling. Alaskans have been through these times before during prolonged oil price slumps in 1986 and in 1998 and a more recent, brief dip in 2009.The state's economy still seems on sound footing...
Oil plunge is threat and boon to global economies

...crude, an international benchmark, fell 3 percent to $70.15 a barrel on Friday.Tom Kloza, chief oil analyst at the Oil Price Information Service, expects the price to fall by another $5 or $10 a barrel before stopping. "It's that kind of...


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