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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.
The Alaska Permanent Fund (APF) is a constitutionally established permanent fund managed by a state-owned corporation, the Alaska Permanent Fund Corporation (APFC). [1] It was established in Alaska in 1976 [ 2 ] by Article 9, Section 15 of the Alaska State Constitution [ 3 ] under Governor Jay Hammond and Attorney General Avrum Gross .
Map of countries with proven oil reserves - according to US EIA (start of 2017) Trends in proven oil reserves in top five countries, 1980–2013 (data from US Energy Information Administration) A map of world oil reserves according to OPEC, January 2014
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.
Meanwhile, BofA analysis shows prices could drop to an average of $65 per barrel in 2025, particularly if the Organization of Petroleum Exporting Countries (OPEC) decides to bring barrels back ...
US shale producers would lose market share if Trump's policies slash gas prices, Bob McNally said. "You cannot have $1.50 pump prices and a thriving shale oil sector.
KRBD continued to grow along with the State of Alaska's oil wealth. Within a few years, the station moved up to the Marine View's 10th floor, where it occupied two large apartment spaces. As it continued to grow, KRBD increased power to its current 3,400 watts and moved to a downtown Ketchikan location at 716 Totem Way, overlooking Ketchikan Creek.
The magazine predicted that Greenland "would be as valuable as Alaska during the next few years" for defense. Time observed that despite national pride "Denmark owes U.S. investors $70 million" while the country had a shortage of dollars, [ 46 ] [ 24 ] and rumors in Copenhagen stated that the price for the island would be $1 billion ($11 ...