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Alaska faces $3.5 billion deficit amid lower oil prices

...time, Burnett said, is lower oil production. Production has been on a downward...forecast expects increases in oil production in 2016 and 2017, up from the...recent years was over the state's oil production tax. The tax was overhauled in...
Rich Lowry: The drilling bonanza

...out, this is like adding another Kuwait to world oil production. The Marcellus Shale in Pennsylvania alone, he writes...Energy Research, "Nearly every barrel of new U.S. oil production can be attributed to the use of horizontal drilling...
What others say: Russia a nation in decline

...about our nation's dependence on foreign oil. In Russia, there's an even more striking dependency on domestic oil production, which provides 60 percent of the nation's exports.Though Americans may rejoice in the recent drop in prices...
Walker submits pared down capital budget

...The state has billions of dollars in budget reserve funds that, depending on spending levels, oil prices and oil production, could extend into the next decade or be depleted in the next few years, according to the revenue forecast."Really...
What others say: Parnell did well

...election ballot; voters joined with Parnell to keep SB21 intact.Parnell stated the new tax structure would increase oil production activity in the state. With more production, he concluded in his argument, Alaska would realize more oil dollars...
Rough road ahead

...was. We should have bought it and moved back up here then. It looks like the Saudi strategy to cripple US shale oil production will take a couple of years - enough time to seriously harm Alaska's oil industry, our state government and the...
Walker faced with widening deficit scenario

...and Goldsmith prepared their analysis for Walker's transition teams. It was presented to the team Nov. 22. If oil production continues to decline by 5 percent annually, the historic average until last year when production was flat year-to-year...
North Slope crude prices down since July

...nervously watching North Slope oil production and hoping for an uptick.They've...better off under the state's new oil production tax, the More Alaska Production...Revenue Department.Rodell said oil production on the Slope is also picking up...
Voices of Alaska: Cook Inlet would benefit from a Harbor Safety Committee - here's why

...organization that captures these diverse stakeholders to the fullest extent. And unlike RCACs, which are focused on crude oil production and transportation and routinely make recommendations on regulatory issues, Harbor Safety Committees have a different...
Governor-elect Walker sees tough days ahead an "owner-state," not giving in to the whims of industry. Industry groups that supported the rollback of oil production taxes championed by Parnell and his efforts to advance a liquefied natural gas project are anxious to see how the...


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