GAO says lifting oil export ban boosted Alaska’s treasuryBut the boom in new oilfield development that removing the ban was expected to spur has not occurred, report concludes by The Associated Press
Alaska’s treasury is about $50 million richer because the state now is allowed to export North Slope crude, but the boom in new oilfield development the move was expected to spur hasn’t occurred, a federal report has concluded.
Lifting the export ban increased the price of the oil by as much as $1.....
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