Juneau, Alaska

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

Blog Posts

Are ConocoPhillips Profits Really Highest in Alaska?

On July 31st, 2018, ConocoPhillips released its second quarter 2018 10-Q, which was filed with the Securities and Exchange Commission (SEC). A couple weeks later, the Legislative Research group released a table which showed the production levels and net income that the ConocoPhillips filing reported. The table also included a […]

Did SB21 Cause Our Budget Problems?

I recently saw a social media post that said something to the effect of “the reason the State is broke is because of the oil tax giveaway back in 2013.” At the same time, I see pro-industry ads talking about how the same tax reform has led to an increase […]

Reconciling Oil Production Data

Every February, the State’s attention seems to turn toward the North Slope. People become interested in whether or not oil production has increased, and what the experts expect to happen next. Inevitably, this leads to questions about “fair share” and “competitiveness.” People voice different interpretations of the data they are […]

Announcing the 2018 PFD

**The 2018 PFD is $1,600. It was officially announced on the PFD division webpage. The checks will be deposited on Thursday, October 4th.  **Update: The PFD division now shows that it received 656,905 applications. When adjusting for this new information, the statutory PFD works out to $2,989. ***Update (2/6/18): The […]

A Closer Look at Alaska’s Labor Force

It is the population of an economy that provides the supply of labor and the demand for goods. If the population is declining, you can make a safe bet that the economy isn’t doing well.  Many Alaskan’s have probably heard by now that Alaska’s population declined in 2017. If you […]

Understanding Economic Multipliers

If you’ve ever taken a macroeconomics course, there should be a distant memory of economic multipliers filed under “useless things I learned in college” somewhere in a dusty cabinet of your mind. It was probably presented to you as how one billion dollars of government spending magically turns into five […]

The Alaska Recession – By the Numbers

We peg the beginning of the Alaska recession at October of 2015. That is the point we identify as when the general economy began a downward trajectory. Prior to October 2015, we can identify some leading indicators that the economy was in trouble. But the data doesn’t show the economy […]

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. […]