Guess Where Alaska Stands in the Oil Race
Back in the 1980’s Alaska was a powerhouse in the oil market. At the time, our young oil fields were the envy of our peers. Texas production was falling, approaching 2 million barrels per day from above as Alaska approached the same mark from below. Briefly, Alaska challenged Texas as […]
What Will GMT1 Produce For The State Budget?
ConocoPhillips Alaska did a great job of getting the first Greater Moose’s Tooth (GMT1) development into production, ahead of schedule and under budget. We are all excited to have the new oil flowing. It signals the beginning of another renaissance for the North Slope. But, the oil is coming from […]
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, […]