What's next for Keystone XL?
| We urge our gentle readers to review yesterday's posting; we cannot remember — in well over a decade — posting a more useful, relevant and actionable commentary for our Alaskan, Canadian and Lower 48 readers. -dh |
Alaskanomics by Mark Edwards.
Understanding the Current Oil Price Environment – Part I (See later Parts II and III)
Over the next couple of days, I will post a three part series about the current oil price environment in Alaska.
It is well known that Alaska’s economy is highly sensitive to the price of oil. Billions of dollars in investment capital flow into the state each year as energy companies both explore for new oil and maintain their existing fields. This activity has an enormous positive multiplier effect on the rest of the economy as major service industries including trucking, construction, finance, legal, engineering, retail and countless others see a direct benefit from the contracts and employment required to support this massive effort. Read more….
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