Prices up, production downAlaska Department of Revenue forecast predicts $28.30 oil next year at 980,000 barrels per day; $31.13 a barrel for year ending June 30 Larry Persily Petroleum News Government Affairs Editor
The state expects Alaska North Slope oil will average $28.30 per barrel in fiscal year 2005, with high prices helping to reduce the budget gap and the need to draw on reserve funds to cover public spending. But production continues its decline, with the annual flow from 2004 to 2010 projected to ave....
[additional news subjects in this story]
Production estimates key part of forecast New fields a big part of forecast Some estimates changed from last year
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