Juneau, Alaska

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

Blog Posts

Fiscal Year 2018 Closing Numbers

Alaska’s fiscal year ends tomorrow, June 30th. While official numbers won’t be posted for several months, preliminary data is already available. Here’s what it looks like. Oil Price Alaska North Slope Crude oil ended up being a year of upward trending prices. While the price of oil ended the fiscal […]

4 Reasons for Alaska’s High Unemployment Rate

You’ve probably heard by now that Alaska currently has one of the highest unemployment rates in the nation. While this is true, it doesn’t quite mean what people think it does. Here a few reasons why. 1. Alaska has a higher “natural rate” of unemployment than other States There are […]

Don’t Listen to Sound-Bites, Oil Production is Up

If a bat and a ball cost $1.10 together, and the bat costs $1 more than the ball, how much does a ball cost? This is a classic riddle. I’m assuming you’ve seen it before. If you’re like most people, your mind quickly came up with $0.10 for the ball. […]

The Legislature Should Not Rely on DOR’s Oil Price Forecast

Each October, the Alaska Department of Revenue (DOR) holds an oil price forecasting session. They gather about 30 people in a room in Anchorage, talk to them about what’s going on in the oil markets, and eventually ask them to write down what they think is going to happen to […]

Can Electric Vehicles Takeover the Transportation Market?

Electric vehicles (EVs) have been slowly gaining traction over the last few years. Some people believe EVs will replace gasoline powered vehicles; others believe they are a fad that will remain marginal players in the transportation system. I am an economist, so I believe that people will follow the money. […]

Alaska’s Recession May Be Over, Signs of Growth

The typical definition of a recession is two or more consecutive quarters in which the gross domestic product (GDP) of the economy declines. By that definition, Alaska’s most recent recession started in June 2014, although the significant decline didn’t occur until 6 months later. Alaska posted GDP losses in 6 […]

The Permanent Fund Protection Act – Facts and Fiction

The Alaska State Legislature recently passed SB 26, also known as the “Permanent Fund Protection Act”. The Governor is sure to sign the bill into law, seeing as he introduced it. So, what exactly does this bill do and why was it necessary? Let’s explore some of the claims. The […]

Follow-up: HB 331 is Still a Good Deal

After we published an article about HB 331 last week, the “Alaskans for a Sustainable Budget” posted a retort questioning our conclusions. First, I have to say that they do bring forward one compelling argument. The advantage of HB 331 hinges on the fiscal responsibility of the legislature, and their […]

A Simple Explaination of Alaska’s Oil Tax Credit Situation

As the Alaska Legislature completes its annual task of setting next year’s budget, conversations about oil tax credits have once again taken center stage. I thought I would take a moment to explain what these credits are, what they are not, and the decision that is now being debated. First […]

Alaska’s PFD – Handout or Income?

  Technically, the Alaska Permanent Fund Dividend (PFD) is a distributed share of the earnings generated by the Permanent Fund. But the dividend has been called a lot of things lately. Some people call it compensation for the sale of resources owned by Alaskans. Some people think of it as […]