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Alaska, the poster child

of oil-dependent states


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Alaska, North Dakota, Wyoming, New Mexico, Louisiana, Oklahoma, and Texas, which enjoyed the feast of the shale revolution, are now threatened with famine. How they weather the storm, analysts now say, could largely determine their fiscal and economic fortunes for the next decade. According to Market Watch, Alaska, poster child of oil-dependent states, wasn't alone: Plunging oil prices have drilled holes into state budgets — $2 billion in Louisiana, $1.3 billion in Oklahoma, $1.3 billion in North Dakota — that left lawmakers bickering over how to close the gaps.

 

A contract has been awarded to Alliance member Crowley Maritime Corporation's liquefied natural gas (LNG) services group to supply Alaska LNG to the Alaska Power and Telephone Company's Tok plant from the Titan Pt. Mackenzie plant. The contract includes both the product supply and technical services required to leverage the benefits of LNG at the Tok plant.

 

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First Reads

The U.S. has its own 'oil curse'
Market Watch, Ellie Ismailidou, October 18, 2016

Walker's approval rating takes a hit after PFD reduction, but he's still above the Legislature
Alaska Dispatch News, Nat Herz, October 18, 2016

Why Caelus CEO Jim Musselman thinks an $8 billion bet on Alaska's North Slope will pay off
Dallas News, Jeffery Weiss, October 18, 2016

Alaska LNG to be Supplied to Power Plant in Tok
Your Link Alaska, Marissa Silver, October 18, 2016

Anchorage settles with 2nd contractor in lawsuit over port expansion
Alaska Dispatch News, Alex DeMarban, October 18, 2016

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