Juneau, Alaska

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

Tag: oil price

Alaska by the Numbers – November Edition

Here’s the big news that broke last month, and how it impacts Alaska’s economy. GMT1 Production Started Ahead of Schedule ConocoPhillips announced that they started flowing oil from the Greater Moose’s Tooth Unit on October 5th. This is a full two months ahead of schedule. While initial flows are only […]

Alaska By the Numbers – October Edition

If you check your bank account on Thursday, you should receive your $1,600 PFD. I hope you enjoy it! But if you read these pages, you probably know that deposit is smaller than it would have been if paid according to the statutory formula. I previously estimated the “right” number […]

Alaska by the Numbers – September Edition

Each Monday, I update my production and oil price models with the newest data from the week before. Then, I run a new set of simulations and post the results here and here respectively. Those numbers become inputs into a projection of State revenues. I also track changes in jobs, […]

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 […]