Five bucks a barrelFor every barrel of oil leaving state, $5 needs to be reinvested, says Revenue; state must encourage investment to develop existing oil, find new fields Kristen Nelson PNA Editor-in-Chief
The Alaska Department of Revenue estimates that it will take an investment of $5 for every barrel of crude oil leaving the North Slope to maintain ANS production at a million barrels per day.
In its fall revenue forecast, issued in late November, Revenue analyzed oil production as an economic oppor....
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What is the potential? New discoveries Costs of production $22 a barrel oil
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