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Second major oil company abandons Arctic exploration believed to hold about 15 billion barrels of recoverable oil and trillions of cubic feet of natural gas, but with oil prices in the basement, companies are reconsidering the cost of drilling far offshore in Alaska's Arctic.Shell's sole...
Wary governors halt, question plan to accept Syrian refugees (0)The oil-dependent state is grappling with an estimated budget deficit of $3.5 billion amid low oil prices, and Gov. Bill Walker, a Republican turned independent, "has been focused on solving the state's fiscal challenges...
Nation and World
Schools in jeopardy

...Rep. Lynn Gattis, R-Wasilla, said.However, a statewide budget deficit close to $4 billion due to slumping oil prices means looking for savings in every area, and Gattis said all she is asking of people right now is to not be afraid of...
State | Local | AK legislature
My Turn: Alaskan grown plan can save PFD and not raise taxes

...returns on the financial markets, like the Saudi plan calls for, but rather they would be linked to long term average oil prices and long term rates of return on financial assets, thus being very stable year to year. The ISER plan calculates the...
My turn: Pipeline pitfalls plentiful as state takes on larger role

...dictates that the state avoid significant financial risk at a time when it needs to conserve state funds because of low oil prices and falling production.? Harry Noah is former commissioner for the Alaska Department of Natural Resources and a former...
My Turn: Governor's endowment proposal is good for Alaska

...Three bad things happened: The passage of Senate Bill 21; the $14 million defeat of its repeal; and the crash of oil prices.Two good things happened: The defeat of Gov. Sean Parnell, who was too friendly with oil companies; and the election...
Sacred oil checks eyed amid budget deficit

JUNEAU - Alaska is facing multibillion-dollar deficits amid chronically low oil prices and relying on savings to help balance the budget.That's not sustainable, and is leaving first-term Gov. Bill Walker with...
Done deal: Walker signs bill buying out TransCanada's share of pipeline

...the problems facing Alaska in the coming year.With the 49th state facing a $4 billion per-year deficit due to low oil prices, drastic action will be needed to make ends meet."There most likely will be some form of revenue that most likely...
State | AK legislature
Keystone backers eye Obama's successor to make the call

...approach may have fallen off recently amid a sharp drop in oil prices. Once topping $100 a barrel, crude oil has fallen...remains economically viable for the company, noting that oil prices are about the same now as they were in 2008 when the...
Nation and World
Bringing LNG to the CBJ savings are based on recent price estimates, and the cost of commodities often varies from year to year. If oil prices climb and gas prices stay the same, then savings increase. If the reverse happens, savings decrease. The problem...


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