Oil Pumps Alaska's Economy to Twice the Size - But What's Ahead?
Oil money has driven most of the growth and paid for state government operations in Alaska for 40 years. We’ve all gotten used to that money, so it’s easy to underestimate how much of the state’s prosperity is built on oil. Think about this: without oil, the economy today would be only half the size...
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| Format: | Report |
| Language: | English |
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Institute of Social and Economic Research, University of Alaska Anchorage
2011
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| Online Access: | http://hdl.handle.net/11122/4146 |
| Summary: | Oil money has driven most of the growth and paid for state government operations in Alaska for 40 years. We’ve all gotten used to that money, so it’s easy to underestimate how much of the state’s prosperity is built on oil. Think about this: without oil, the economy today would be only half the size. But now times are changing. The North Slope is producing just a third the oil it once did—and there’s a danger Alaskans will assume the state can keep going the way it is, without future oil development. Not true. Northrim Bank. |
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