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Checks from Alaska's oil-wealth fund will begin going out to residents three months early, Gov. Mike Dunleavy said, citing economic hardships caused by the coronavirus. “We need to make sure ...
The Senate-advanced proposal this year called for designating 75% of oil fund earnings' draws to government and 25% to dividend checks, and bumping that to a 50/50 split if Alaska generated an ...
Alaska Republican Gov. Mike Dunleavy unveiled a budget plan Thursday that would pay residents an oil-wealth dividend of about $3,400 next year using a formula that lawmakers have all but abandoned ...
From its initial principal of $734,000, the fund has grown to $40 billion as a result of oil royalties and capital investment programs. [27] Starting in 1982, dividends from the fund's annual growth have been paid out each year to eligible Alaskans, ranging from $331.29 in 1984 to $3,269.00 in 2008 (which included a one-time $1200 "Resource ...
On March 21, 2020, Ketchikan, a small, coastal town of approximately 8,000 residents located in Southeast Alaska was determined to have a cluster of six COVID-19 cases. The town sheltered in place for the following 14 days. [7] On March 24, 2020, three more cases of COVID-19 were found in Ketchikan, bringing the total there to nine. [8]
In 2012 the oil production of the US increased by 800,000 barrels per day, the highest ever recorded increase in one year since oil drilling began in 1859. [9] In April 2013, US crude production was at a more than 20-year high, aided by the shale gas and tight oil boom; with production near 7.2 million barrels per day. [10]
Alaska's Permanent Fund, once funded by oil extraction, is now funded through investment returns, allowing it to disperse checks to Alaska residents. The US is considering a sovereign wealth fund.
After Saudi Arabia promised further production cuts, WTI reached $51.28 on January 7 and Brent climbed as high as $54.90, the highest since before COVID-19. [36] On January 14, a weaker dollar and an expected COVID-19 relief package helped oil move slightly higher, with WTI at $53.57 and Brent at $56.42, though Europe was experiencing more lockdowns and China had a higher number of COVID-19 ...