Posted Friday, November 03, 2017 - 9:33 am
About a week ago, Alaskans received some outstanding news. North Slope oil production is forecast to rise for a third consecutive year. Since 1988 was the last time this happened, it’s worth stepping back to take in the larger picture.
Because Alaska gets the bulk of its revenue from oil, increased production means the state has a lot more money in its future than the Gov. Bill Walker has been telling us. It also means Alaskans chose wisely when they voted to keep in place the oil tax reform known as SB 21 — but that’s a topic for another day.