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...new laws and regulations limiting and discouraging stateside industry and rising personnel costs. In Alaska, oil production declines without new fields being developed. The state relies on oil for 90 percent of its revenue.That leaves communities...
...Making a dangerous assumption that Alaskan oil prices will remain relatively constant for the next five years, oil production declines of 4 percent a year will result in a loss of 20 percent of the state's revenues in this same time period. This...
...It's a risk," said Meyer of the proposed reform. "I mean, we can do nothing and continue to watch the oil production decline and the budget deficits get wider and wider, or we can do something and hopefully not be in deficit spending anymore...
As North Slope oil production declines, Alaskans' opportunities diminish. Where once we measured Trans Alaska Pipeline System (TAPS) throughput in millions of barrels...
...the long term," Parnell said in a statement. "But there are some in the Senate who believe that Alaska's oil production decline is a myth. This is an irresponsible disregard for the facts, and Alaskans deserve much better."
...comment about senators not believing there was an oil production decline "borders on the unhinged."Parnell spokeswoman...myths" he was referring to was the claim that the oil production decline was because of the ACES oil tax measure. He said...
...export option and the Canada route.Alaskans have long hoped for a gas line as a way to shore up revenues as oil production declines, create jobs and provide more reliable energy.Tillerson, Mulva and Dudley also attended a reception, which...
...the companies would send their investment dollars elsewhere in the global economy, he said."Alaska's oil production decline will become Alaska's decline," he said.Parnell got a broader response when he outlined a bold stand on pushing...
...our resources for the benefit of all Alaskans. It's about moving the needle on production because Alaska's oil production decline is real.Last year's daily North Slope production average for February was 634,000 barrels; this year's...
...300,000 barrels a day or 100,000 barrels a day," Parnell said. "Instead we should be trying to arrest oil production decline and bring on new production."Parnell also took issue with Stedman's dismissal of his claim his tax cuts would...