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  • hesitant about visiting Paris or other major cities. A decline in tourism in Europe could weaken the euro, while oil prices could fall on fears that demand will drop. The attacks also could hurt major airlines in the U.S., Europe and Asia...

JUNEAU, Alaska - 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...
Op-ed: Keystone kaput for now

...level in several years. But there is no guarantee they will remain low. Have we forgotten how quickly gas and heating oil prices can spike due to terrorist attacks and other international incidents? Isn't it better to have ready access to cheaper...
Administration's plan a step in the right direction

As oil prices plummeted and the scope of the state's budget deficit grew over the...close the budget gap, it would protect the state from the volatility of oil prices. In recent years, about 90 percent of the state's revenue comes from...
Administration looks at leveraging PFD wealth to pay for budget for the costs of government. One of the goals of this approach is to decouple the budget from the volatility of oil prices. Richards says this wouldn't plug the anticipated budget hole, but it would help close the gap.
Low gas prices boost Alaska tourism

...but it remains to be seen if it will top 2014, which had a record number of convention-goers in October.While low oil prices strain much of Alaska's economy and state budgets, cheaper prices at the pump in the Lower 48 correlate to more visitors...
Legislature to convene special session on gas issues

...R-Anchorage, and chair of the Senate Resources Committee.Alaska is grappling with multibillion-dollar deficits amid low oil prices and has been using savings to get by. Administration officials have cited the importance of Alaska maintaining its high...
Interior Department curbs future Arctic offshore drilling

...petroleum industry. The state faces a deficit in the billions between projected spending and revenue because of low oil prices.Gov. Bill Walker, an independent, personally lobbied Jewell to extend Shell's leases. His goal is to get more...
What others say: Budget reality

...Highway System has brought home the state budget situation in a very real way.Most Alaskans understand that plunging oil prices have slashed the revenues that fund most of our state government. Most of us knew that state services would be cut as...
What other's say: 'Kayaktavists' and a whole lot of head-shaking

...had to be halted due to the dangers of drifting ice, for instance.We're certain Shell will return to the Arctic if oil prices ever drift closer to $100 per barrel. Similarly, we speculate the cost of doing business in the far north will only...


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