April 2011 Vol. 238 No. 4

In The News

Declining Oil Production Cited As Threat To Alaskan Economy

Alaska Sen. Lisa Murkowski warned state legislators that declining oil production presents a grave threat to the state’s economy. “Alaska’s oil production has declined 36% since 2003 even as production in many parts of the Lower 48 has increased,” Murkowski said in her annual address to the Legislature. The state and federal governments should do everything possible to stimulate new oil development on the North Slope, including approval by legislators of Gov. Sean Parnell’s proposed changes to the state petroleum production tax, the GOP senator said. New oil production could come from offshore or places now off-limits like the Arctic National Wild

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