8-18-16 Will Alaska (and Alberta) Go the Way of Venezuela and Argentina: Never Say Never!
(See our mid-Atlantic energy analyst friend's Venezuela commentary next story below) With Competent Leadership Alaska's Future Could Still Be Prosperous by Dave Harbour Alaska brings in less than half the price for oil needed to have a current balanced budget. Up to 90% dependent on oil revenue, the state has worked itself into a $3-4 billion annual budget deficit. State leaders seeking the 'easy way out' are funding the deficit by taking money from the next generation. How? They are depleting savings accounts and passing on tax credit obligations to [...]