01.02.2016 - Dividend has a better future outside of the Alaska Permanent Fund
“The budget, the budget and the budget.” That’s how my colleague -- Sen. Click Bishop -- outlined the Alaska Legislature’s top three priories this year, and it’s easy to see why. Seventy-five percent of the state’s unrestricted general fund revenue comes from oil, a commodity whose price has seen a rapid drop from $105 per barrel just 19 months ago, down to below $35 per barrel today. Thanks to an American energy renaissance powered by a revolution in fracking technology, the world is experiencing an oil glut. While this may be great news for our nation in terms of energy independence, it means that our state’s budget is in the deep red to the tune of $3.5 billion or more...............................................Full Article: Source
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