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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.
Conoco is among the most active oil companies in Alaska’s Arctic, and secured a federal approval from the Biden administration for its $8 billion Willow project there in 2023, angering ...
His excesses made him an unwilling national celebrity during the 1940s and 1950s as the media became enamored with tales of Texas oil wealth. [131] Jim West Jr. was the heir to the fortune of Jim West Sr., an early Houston businessman who helped shape the city and the state before the boom and during the early years of the boom. [132]
Oil - An Overview of the Petroleum Industry (2007) Graf, Rüdiger. Oil and sovereignty: petro-knowledge and energy policy in the United States and western Europe in the 1970s (Berghahn Books, 2018). Graf, Rüdiger. "Claiming sovereignty in the oil crisis" project independence" and global interdependence in the United States, 1973/74."
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 ...
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 ...
The Permanent University Fund was established by the 1876 Constitution of the State of Texas. [2] Initially, its assets included one-tenth of University of Texas at Austin lands bordering the railroads (UT Austin was granted 1 million acres (4,000 km 2) in West Texas as compensation) as well as 1 million acres (4,000 km 2) additional. [3]
The Energy Information Administration expects prices at the pump to average $3.20 per gallon next year, about $0.10 lower than in 2024. Ines Ferre is a senior business reporter for Yahoo Finance ...