Juneau, Alaska

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

Tag: PFD

Alaska Has an Investment Return Paradox

Over the last five years, Alaska has pivoted from being a Petro-state to a Trust Fund kid. Thanks to years of saving and re-investing a quarter of our oil royalties, we now have over $66 billion in the bank. And, those billions of dollars go to work every day, bringing […]

Adding Uncertainty to Those 7 PFD Changes: PFD – Part 6

In this final article on the PFD, let’s explore how uncertainty changes the conclusions we arrived at in Part 5. Today, we will insert alternate projections into the model. From there, we can see how much the outcomes change. To keep this from getting out of hand, I’m only looking […]

7 Circulating Ideas that Change the PFD – PFD: Part 4

We spent last month exploring some of the dynamics of Alaska’s Permanent Fund Dividend (PFD). We looked at a hypothetical perspective of equal partnership between the People and the Government. Then we evaluated how the numbers we see today are influenced by decisions from our past. In part 3, we took […]

Alaska By the Numbers – August 2019

A lot happened in Alaska during the month of August. Here’s the run down on how we read the headlines. BP and Hilcorp Agreed to Terms on Alaska Assets The news that broke the internet in Alaska last week was a press release from BP. They announced that they were […]

PFD Part 3: The “It’s Our Oil” Perspective

One of the ways that Alaska is unique was created right from the beginning of our entry into the Union. When Alaska was granted statehood in 1959, we received a 103 million acre land grant from the Federal Government. As the first state created after the Mineral Leasing Act was […]

PFD Part 2: Breaking Down that $3,000 PFD

Last week we explored a hypothetical dynamic equity model for the PFD. Of course, the Government and the People are not actually business partners. They are two sides to the same coin. So, let’s drop the differentiation for now. This week, let’s simply explore how the current PFD calculation would […]

Another Exploration into the PFD: Part 1

If you haven’t been following along, the amount of the Permanent Fund Dividend (PFD) isn’t just a matter of calculating the earnings anymore. For the last 4 years, the legislature has moved away from using the traditional formula and has begun determining how much to distribute based on what it […]

Fighting Over Invisible Milk

In the event you have been hiking the Brooks Range for the last six months, let me briefly get you up to speed. We have a fairly serious battle going on in Alaska right now. By way of an oil price crash a few years ago, we’ve burned through all […]

Jobs Forecast Challenge: Me vs ISER

On Monday, ISER gave a presentation that suggested the vetoes would cost the economy 4,217 jobs and would send the State whirling back into a recession. I disagree. While it’s ok for us to have different ideas, only one of us will be right. Unfortunately, most people don’t care to […]

What’s Up with that 21%?

This week’s article is inspired by a question that came up during the Bicameral Working Group on the PFD hearing a few days ago. It centers on a portion of the PFD calculation. Here’s the gist: Under the current law, the sum of the earnings over the last five years […]