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Oil prices continue to widen state's fiscal problem

...for Alaska from the oil markets.The state's gap between revenue and expenses continues to deepen as the price of oil remains low, according to a new analysis released Tuesday by Fitch Ratings, a national firm.Alaska isn't alone - Colorado...
My Turn: A solution to Alaska's budget problem

...assumes that oil does not rebound in 2017 as predicted and remains low. For illustrative purposes, if the price of oil remains at $50 per barrel our entire savings reserves will be gone by the end of FY 2017. That's less than three years from...
Gas prices still look low for summer even after spring surge

...OPIS and Wright Express.But many believe the surge in both oil and gasoline prices is near an end. Supplies of crude oil remain extremely high, and drillers who have been waiting on the sidelines for higher prices are ready to start producing more...
My Turn Alaska needs Aerospace Corp. more than ever

...still only one of four satellite launch sites in the U.S. that can fully tap that growing potential.As the price of oil remains low and volatile, and the state-operating budget faces billion-dollar deficits, the need for Alaska to diversify...
My Turn: Real oil spill solution long overdue

...S. government have fallen short and have a lot of unfinished business.Today, thousands of gallons of Exxon Valdez oil remain in beach sediment, and that oil is almost as toxic now as it was 25 years ago. To address this lingering oil, in 2006...
State economy addicted to oil ... industry

...other slices to Alaska's pie than oil," said Neil Fried, a state economist with the labor department. And while oil remains very important to the economy, Fried says the state is taking more steps to diversify. For example, he says the state...
Infrastructure, not pool, is priority

...shortfalls. Last year oil prices supported general fund expenditures of nearly $3.3 billion. Next fiscal year, if oil remains where it currently is, oil could support general fund expenditures of $5 billion, double the average of the 1990s...
Alaska lawmakers seek tax breaks on fuel

...I'm asking for a suspension of state taxes on gasoline, diesel, marine and aviation gas as long as the price of oil remains over $50 a barrel," he said. Each additional $1 added to the price of a barrel of oil increases revenue to the...
State, feds ponder pursuit of more claims for oil spill

...other invertebrate species. Though pink salmon have since recovered, she said, unexpectedly high levels of spilled oil remain in the sound, posing a threat to ducks, mussels and sea otters.
Salvagersmay move ship's bow

...and stern - both holding thousand of gallons of heavy oil - remain on the west side of Unalaska Island, exposed to severe...oil. Though water has entered the tank, most of the oil remains in the tank, said federal incident commander Ron Morris...


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