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Annie Feidt, Alaska’s Energy Desk

Jul 25 2017
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When the lights went out – Alaska’s great recession | MIDNIGHT OIL: Episode 06

By | Alaska's Energy Desk

Less than ten years after oil started flowing, Alaska’s economy cratered. The recession was quick and deep. Ten banks failed, real estate values plummeted and tens of thousands of people fled the state. It was Alaska’s great recession, 20 years before the rest of the country went through almost the same thing.

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Jul 17 2017
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How Alaska decided to give its oil wealth to everyone in the state | MIDNIGHT OIL: Episode 05

By | Alaska's Energy Desk

In Alaska, we don’t pay income tax. We don’t pay state sales tax. But once a year every man, woman and child gets a cut of the state’s oil wealth. There are plenty of other oil states in the world, but Alaska is the only one that treats residents like shareholders and sends them dividend checks every year.

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