Can Alaska’s oil wealth last long-term?Economist lays out ‘maximum sustainable yield’ plan to make the most of an estimated $160 billion in savings and future production Wesley Loy For Petroleum News
The gusher of annual oil revenue the state has enjoyed since production began at Prudhoe Bay in 1977 has transformed the Alaska economy and eliminated the need for personal income and general sales taxes that residents in other states must pay.
But from the beginning, this great wealth has burdened....
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Sitting pretty? Sustainable like the salmon $6.4 billion per year
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