Monday Musings: Solving the State Budget Deficit

In Uncategorized by Owen Phillips

The state of Alaska made several decisions 40 years ago that made sense then but not now: They decided oil could pay 90% of the budget despite what happens to production and price.  They decided we needed no broad-based tax.  They decided they could pay dividends out of Permanent Fund earnings.   They decided those earnings would not be needed for … read more

AK reneges on legislative promises; More gold for AK; Shale prepares for Biden.

In News, Uncategorized by Owen Phillips

News of the Day:  Alaska Cannot Renege On Legislative Promises OIL U.S. shale producers race for federal permits ahead of presidential electionJennifer Hiller, Reuters, September 7, 2020 Oil producers in the top U.S. shale fields are stockpiling drilling permits on federal land ahead of the November U.S. presidential election, concerned that a win by Democratic candidate Joe Biden could lead … read more