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King Economics Group is a nonpartisan consulting firm that specializes in Alaska's economy. We offer economic support and expert advice to business leaders and government officials so that they can make informed decisions. Because Alaska's economy is so heavily dependent on government and natural resources, those are our primary areas of expertise. Our experts are ready to make your event memorable, provide you with the insights you need to move forward, and to help your organization prepare for the uncertain future.
The government’s actions have a major impact on our economy. The decisions on how much to spend, tax, and distribute to the people all ripple through the rest of the system. Now that the election results are in, we can start to speculate on what the legislature will look like during the 2021 session. Senate[…]
The Covid-19 pandemic is increasing around the world again as the cold weather season begins — just as every predictive model in the world suggested it would. Calls for aggressive actions to combat the virus are wreaking havoc on the markets. Fears of another round of shut-downs bring back bad memories of negative oil prices[…]
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 fund, its intent, and its[…]
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 from September 2020. The economy[…]
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
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 jobs during the first three[…]
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 12.9% (The unadjusted rate stands[…]
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 explore the issue – both[…]
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 (there just aren’t enough barrels)[…]
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 and sell crude oil. It’s[…]