Juneau, Alaska

(907) 699-6788 ed.king@kingecon.com

Projections for Fiscal Year 2021

updated 8/31/20

Recession Risk

In Recession

State Oil Revenues

$1.2 billion

Change in Net Position

$3.8 bilion surplus

Accessible Savings (End of Year)

$16.8 billion

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We are a nonpartisan economics firm that specializes in Alaska's economy. We provide impartial information on the health of the economy for use by business owners and government officials. Our goal is to inform rather than influence business and policy decisions. Therefore, all of our work products are based on data, not desires. We are not beholden to any business, industry, association, or political party.

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How the Permanent Fund Works

Talking about the Permanent Fund can be confusing. There are a lot of moving pieces. But, the illustration above shows how all of those pieces connect. The rest of this article will try to break the key points down a little more clearly. There is a rich history around the […]

Alaska by the Numbers – September 2020

With the first quarter of fiscal year 2021 in the books, there is still a lot of uncertainty in the air. But, a sense of optimism remains. The economy is slowly recovering, oil price stayed flat, production is looking better, and investment earnings are strong. Here are a few highlight […]

Alaska by the Numbers – August 2020 Edition

The economy is slowly starting to recover, oil prices hit a plateau, and North Slope production is back to full rate.

Alaska by the Numbers – August 2020

#akleg

Alaska by the Numbers – FY20 Totals

Fiscal year 2020 came to an end on June 30th, 2020. Most of the official data for the year are now available. Here is a brief wrap up of how the year went. After 9 months of gains, Alaska ended the year down 40,000 jobs Alaska’s economy was up 1,700 […]

Alaska by the Numbers – May 2020

Here is your monthly round-up of what happened to Alaska’s economy and financial situation. The unemployment rate hit a record high The Department of Labor data for April gives us the first official glimpse at just how bad the pandemic hit our economy. It shows a seasonally adjusted rate of […]

The False Narrative About ERA Draws

If you’ve been watching the finance committees work this session, you’ve almost certainly heard an argument about not taking “excess” draws out of the earning reserve account (ERA). There is some truth to the assertion. But, there’s a larger false narrative afoot. Today, I want to take a moment to […]

Pricing ANS: Part 3 – ANS Assessments

Now that we’ve discussed the physical market and the futures market, we can finally turn to understanding how Alaska’s oil get’s priced. It boils down to a combination of factors that deal with each of these markets and their dynamics. Alaska North Slope (ANS) crude doesn’t have a spot market […]

Pricing ANS: Part 2 – Futures Markets

In part 1 of this series, I laid out who the buyers, sellers, and shippers of Alaska North Slope (ANS) oil are. Those players make up the physical market, in which market fundamentals – the laws of supply and demand – determine prices. But, there is another market that buys […]

Pricing ANS: Part 1 – Physical Market Dynamics

After all the craziness of negative prices last month, a reader asked if I would write an article explaining how pricing Alaska’s crude oil works. That seems like a good idea, although I can’t do it in one digestible piece. So, the plan is to write a three-part series that […]

Alaska By The Numbers – April 2020

Most Alaskans spent a lot more time at home in April than they usually would. Many businesses were closed and a significant share of the labor force worked from home. The Coronavirus Pandemic generally trended downward during the month of April, ultimately leading to some restrictions getting lifted by the […]