Notes From the Road, Day Six In North Dakota – WEDNESDAY IS A BIG DAY – Has Alaska’s Real Estate Market Really Escaped The Denali Gas Pipeline Loss?
ADN Op-Ed by Chris Stephens (NGP Photo). Our commercial real estate market is plagued by uncertainty for the second year. The causes of that uncertainty include the national recession, questions over the prospects for construction of a gas pipeline from the North Slope to the Lower 48, delays in Shell Oil's efforts to explore the Chukchi Sea, and pessimism about future oil company investment in the face of North Slope production declines. The Legislature's inconclusive debate this past session about reducing oil taxes to stimulate production created additional uncertainty. Recent news that the [...]
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