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The Alaska Permanent Fund, which distributes money to Alaska residents annually, could be a model. Challenges include funding sources, legislative hurdles, and state-owned natural resources.
Michel Thomas Halbouty (21 June 1909 in Beaumont, Texas – 6 November 2004 in Houston, Texas) was an American geologist, petroleum engineer, and wildcatter.Credited with discovering more than 50 oil and gas fields, he twice declared bankruptcy, but came back each time to regain wealth.
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]
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]
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 ...
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 ...
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 ...
Mitchell had a lifelong passion for tennis, and the tennis center at Texas A&M University, where he was captain of the tennis team, was named in his honor. Built for an estimated $4.2 million, the official ribbon cutting ceremony was held on October 23, 1998. In 1984, he was the recipient of an honorary doctoral degree from the University of ...