News of the Day: The U.S. heavy-duty Coast Guard icebreaker Polar Star will make a winter voyage to Arctic Alaska OIL Exxon denies Trump called CEO for money. But Big Oil is donating way more to Trump than BidenMatt Egan, CNN, October 20, 2020 President Donald Trump is a fierce backer of the fossil fuels industry. And that support is … read more
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
OIL Oil’s chilly seasonBen Geman, Axios, October 12, 2020 Oil prices can’t seem to reach escape velocity, spelling more pain for producers as the COVID-19 pandemic continues to weigh on demand. Why it matters: The chart below provides a glimpse at why prices remain too low to pull the U.S. sector — which is seeing rising bankruptcies — out of … read more
