CO drops anti-industry ballot measure; North Pole gas line work delayed.

In News by wp_sysadmin

OIL Oil prices set for worst daily drop since April on inventories, bearish FedOil & Gas 360, June 11, 2020  Oil prices slumped on Thursday, dragged down by another record build-up in U.S. crude inventories and the U.S. Federal Reserve’s projections that the world’s biggest economy would shrink 6.5% this year. Russia charges Arctic city mayor with bungling fuel spill … read more

Open for Business? AKDOT takes $49m in CARES relief funds ⁠—threatens struggling AK companies with 10.5% interest penalty.

In Uncategorized by wp_sysadmin

The Situation: The Department of Transportation & Public Facilities took money intended to be used for “relief” and responded by threatening a 10.5% interest penalty on late payments from struggling Alaska businesses ⁠—on top of already onerous lease increases. 18 months prior to the current public health emergency, Alaska companies asked the administration and DOT&PF to review the steep, and in our review some … read more