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Oil

Low oil prices having a chilling effect on Alaska's economy

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Listen: Low oil prices having a chilling effect on Alaska's economy

Alaska has long been a bastion of the US' oil production, even giving dividend checks to residents from oil revenues. But oil price woes are having a major effect on a state that has no state income tax or state sales tax, and crude production on Alaska's North Slope in 2015 fell to its lowest point in decades. Platts senior oil editor Brian Scheid speaks with Diane Kaplan, president of Alaska's Rasmuson Foundation, about the impact of low prices, declining supplies, and how Alaska lawmakers are having to take a hard look at changes to the state's tax structure.

Check back every Monday for the latest analysis of US oil policy news from leading Platts editors covering the Capitol. E-mail the editors at brian.scheid@platts.com and herman.wang@platts.com.


We welcome any feedback or suggestions for topics. Contact us at webeditor@platts.com.