Five bucks a barrel

For 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