If oil prices rebound in fiscal year 2017, per barrel tax credits for the major Alaska oil producing companies are expected to climb by about $700 million a year to $1.2 billion, while production tax revenue is expected to climb from about $300 million in 2016 to $800 million in 2017. That's if oil prices rise by about $25 a barrel from where they are today.
The U.S. Senate failed to find a path forward on expiring government authority to collect citizens' phone records, passing neither of two bills on the table in the early hours of Saturday morning.Erica Martinson
Alaskans unleashed a month's worth of pent-up opinions on their legislators Friday, giving them an earful about what they think has happened since the last time a legislative committee heard public testimony.Pat Forgey
Known for having an adversarial relationship with the oil industry as a private attorney, Bill Walker made his first trip as governor to the state’s North Slope oil fields this week, taking a three-day tour of the widespread facilities and at times discussing prickly issues with oil officials.Alex DeMarban