Archives for:

"oil"

With ANWR drilling on its doorstep, an Alaska Native village is poised to profit

It’s still too early to know if petroleum even exists in the refuge in commercially-viable quantities. But if it’s found, Kaktovik’s residents are simultaneously positioned to be among the biggest beneficiaries, and to experience some of the biggest disruptions.

Don’t count on oil to bail out Alaska’s budget soon, says unpublished state tax memo

The National Petroleum Reserve in Alaska is a hot area for oil development right now. But don’t count on new production there to bail out the state budget any time soon. That’s the takeaway from a previously unpublished, two-month-old analysis drafted by former independent Gov. Bill Walker’s administration.

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