Though low oil prices are causing worry among Alaska's leaders, the managers of the state's permanent fund see the dip in prices as an opportunity to diversify investments in markets that may otherwise have been overlooked.
The Juneau Access Project, a proposed 50-mile road cutting through Southeast Alaska, was one of six megaprojects put on hold last month by Gov. Bill Walker. Now, the road's proponents are hoping a stage of the project may be able to conclude while still saving the state some much-needed cash.Pat Forgey
Alaska depends on oil tax revenue from development on state lands to fund much of state government. Oil prices are volatile, and Alaska’s economy has survived ups and downs, but with no state income or sales tax and little will to tap the $52 billion Permanent Fund, oil dictates most everything in Alaska.Kevin Powell
The many moving parts of Alaska's fiscal situation have been organized for the pleasure of budget nerds in an all-new worksheet and game developed by the Institute of Social and Economic Research.Dermot Cole
The U.S. Energy Information Administration on Tuesday predicted an average price of $58 per barrel of oil in 2015, and $75 per barrel in 2016, spelling more bad news for the oil-loving Alaska budget.Alex DeMarban
The oil industry, with its history of booms and busts, appears to be in the early stages of its latest downturn. The price of oil has plunged in recent months, reaching its lowest point in more than five years. Here's a quick explainer on how the economics work.Clifford Krauss
A fresh new five-year plan for oil and gas leasing in the nation’s outer continental shelf features what federal officials hope will be a less controversial approach to oil exploration in Arctic waters, the Alaska director of the Bureau of Ocean Energy Management said Monday. Yereth Rosen