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Nearly every Alaskan will receive a $1,312 check starting this week, their annual share from the earnings of the state’s nest-egg oil fund. Squabbling over the oil checks' size has resulted in ...
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 ...
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. ... This year's check is ...
JUNEAU, Alaska (AP) — President-elect Donald Trump promised repeatedly during his campaign to expand oil drilling in the U.S., which is good news for political leaders in Alaska, where oil is the economic lifeblood and many felt the Biden administration has obstructed efforts to boost the state's diminished production.
President-elect Donald Trump pledged during his latest run for the White House to expand oil drilling in the U.S., and he’s pointed to the passage of a 2017 law that enabled Monday's announcement as a highlight when it comes to Alaska policy. The 2017 law mandated two lease sales by late 2024, but major oil companies sat out the first sale.
The Department of Interior's scrapping of the leases comes after the Biden administration disappointed environmental groups earlier this year by approving the Willow oil project in the petroleum ...
Prudhoe Bay on Alaska's North Slope is the highest yielding oil field in the United States and on North America, typically producing about 400,000 barrels per day (64,000 m 3 /d). The Trans-Alaska Pipeline can pump up to 2.1 million barrels (330,000 m 3 ) of crude oil per day, more than any other crude oil pipeline in the United States.
(The data below does not seem to include shale oil and other unconventional sources of oil such as tar sands. For instance, North America has over 3 trillion barrels of shale oil reserves, [ citation needed ] and the majority of oil produced in the US is from shale, leading to the paradoxical data below that the US will finish all its oil at ...