Governor warns of 'gravest fiscal crisis in state history'
In a nervous but straightforward State of the State address late Wednesday, Alaska Gov. Bill Walker (I) delivered a blunt warning to the Legislature that the nation's most oil-dependent state faces "the gravest fiscal crisis in state history" due to low oil prices and a lack of new sources of revenue.
7 states with the most at stake on development
Change is coming to America's Western landscape as incoming President Trump seeks to reverse eight years of Obama administration land preservation policy. Some of the most dramatic changes could come in seven Western states that have been the focus of contentious preservation battles.
Scrap of Beaufort still open to drilling is in high demand
Late last month, President Obama delighted green activists and angered oil industry supporters by banning resource development on 125 million acres of federal lands in the Beaufort and Chukchi seas.
OIL AND GAS
ConocoPhillips says Alaska find could yield 300M barrels
ANCHORAGE, Alaska — ConocoPhillips Alaska announced today a promising new oil discovery that could hold more than 300 million barrels of recoverable oil and produce up to 100,000 barrels of oil per day.
Murkowski, Sullivan offer bill to open ANWR to oil drilling
Alaska's two Republican senators hit the ground running in the new Congress with their campaign to provide greater access to oil-rich federal lands in their state.